Economic Mission London
10/12 June 2024
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Abts Analysis Services is a risk management company. We study and monitor the risk profile of global assets. We propose modifications after analysis and offer governance and project coordination services. We offer family office and asset management services in Luxembourg and Switzerland since 2000. We are also a 3rd generation entrepreneurial family and we represent our families and their businesses to support their development mainly in Distribution and Food & Beverages.

Altiqa Monaco aims to support clients in making strategic choices at the corporate and asset level, drawing on our extensive experience in the Monegasque and international markets. We position ourselves as an 'advisory boutique' and base our relationship with clients on mutual trust, working together to achieve ambitious goals. In our growth, we have held firm the principles of transparency and integrity, which guide our professional ethics. These principles are fundamental in the selection of clients and in the way we work. Clients turn to us for tax, legal, organisational and administrative issues, making us an integral part of their business decision-making and strategic processes.

ARTIERI & ROHMER is a legal advisory firm based in the Principality of Monaco and founded in 1995.
Arthur ROHMER is the firm's managing partner. The firm's activities cover all legal areas of business law, with particularly recognized expertise in banking and finance, external growth, restructuring operations, and complex commercial negotiations, both in Monaco and abroad. The firm provides its corporate and private clients with personalized and high value advice, helping them to succeed in their projects while facilitating their processes.

Banking and services, portfolio management, advisory mandate, family office and estate planning, real estate.

Banking and services, portfolio management, advisory mandate, family office and estate planning, real estate.

Banking and services, portfolio management, advisory mandate, family office and estate planning, real estate.

Private Banking

Neomove provides insurance companies and companies of all sizes with a digital health application dedicated to improving health in the workplace through the prevention of MSDs (musculoskeletal disorders).
Our movement analysis technology, easily accessible via a smartphone's camera, brings together the best of coaching, physiotherapy and technology.
Employees can take control of their body with personalized movement sessions based on their posture’s strengths and weaknesses, pain points, fatigue, motivation and fitness level.
The benefits of a better health are multiple for the employee and the company:

Beach & Cashmere Monaco is a monegasque brand, well-known for its sustainable collections which reflect the creative, chic and glamorous spirit of the Principality of Monaco. The Founder & Creative Director of Beach & Cashmere Monaco is Federica Nardoni Spinetta, who is also President and Founder of Monaco Fashion Council (Chambre Monégasque de la Mode), that regroups and represents the monegasque fashion brands and that runs the Monte-Carlo Fashion Week

Our multi-disciplinary team offer a full suite of family office services including advice in areas such as wealth planning, succession, governance, tax, structuring and administration. We also assist families in the day-to-day management of their affairs, acting as a central point of contact for their various advisers and contributors. With offices in Monaco, we provide services to clients from across the globe.

Our multi-disciplinary team offer a full suite of family office services including advice in areas such as wealth planning, succession, governance, tax, structuring and administration. We also assist families in the day-to-day management of their affairs, acting as a central point of contact for their various advisers and contributors. With offices in Monaco, we provide services to clients from across the globe.

Judith Hillen and I are both registered English Solicitors. These two companies are a business development advisory company and a Corporate Service Provider. Together, they deal with UHNW Families needs including the restructuring of Monaco and global assets as well as offering Director and Trusteeship services and succession planning.

Judith Hillen and I are both registered English Solicitors. These two companies are a business development advisory company and a Corporate Service Provider. Together, they deal with UHNW Families needs including the restructuring of Monaco and global assets as well as offering Director and Trusteeship services and succession planning.

Private Banking

Caroline Olds Real Estate is an exclusive boutique agency, established in February 2011 and located close to the old port of Monaco. There are 6 of us in our team, all dedicated and passionate about real estate in Monaco and providing excellent service to our clients, many of whom are good friends. We have many years of international experience and strive to maintain excellent relationships in Monaco, with service providers, banks and local businesses.

Caroline Olds Real Estate is an exclusive boutique agency, established in February 2011 and located close to the old port of Monaco. There are 6 of us in our team, all dedicated and passionate about real estate in Monaco and providing excellent service to our clients, many of whom are good friends. We have many years of international experience and strive to maintain excellent relationships in Monaco, with service providers, banks and local businesses.

CFM Indosuez is one of the leading banks in the Principality. We are the Monegasque subsidiary of Indosuez Wealth Management, awarded "Best Private Bank in Europe" in 3 categories: Innovative Client solutions, Structured Products and Women in Wealth Management. We have a very international offering of products and provide assistance to help clients to establish residence in Monaco
More specifically, we pride ourselves on being the leaders in providing a full range of private banking services for UHNWI in Monaco. With 400 employees, including a trading room with over 40 professionals, CFM Indosuez is not only the largest bank in Monaco; it is the largest Wealth Management bank in the region.
We have a holistic capacity in terms of product and service offerings – access to capital markets, private equity, wealth structuring, real estate financing, corporate and structured lending, investment banking… as well as traditional banking and digital services,
At CFM Indosuez, we strive to exceed expectations, delivering tailored wealth management strategies to help our clients achieve their dearest goals.

CFM Indosuez is one of the leading banks in the Principality. We are the Monegasque subsidiary of Indosuez Wealth Management, awarded "Best Private Bank in Europe" in 3 categories: Innovative Client solutions, Structured Products and Women in Wealth Management. We have a very international offering of products and provide assistance to help clients to establish residence in Monaco
More specifically, we pride ourselves on being the leaders in providing a full range of private banking services for UHNWI in Monaco. With 400 employees, including a trading room with over 40 professionals, CFM Indosuez is not only the largest bank in Monaco; it is the largest Wealth Management bank in the region.
We have a holistic capacity in terms of product and service offerings – access to capital markets, private equity, wealth structuring, real estate financing, corporate and structured lending, investment banking… as well as traditional banking and digital services,
At CFM Indosuez, we strive to exceed expectations, delivering tailored wealth management strategies to help our clients achieve their dearest goals.

Real estate agency, sales and rent in monaco, assisting client in the relocation to monaco

We are CMB Monaco, a leading international private bank based in Monaco since 1976, part of the Mediobanca Group.
We help high-net-worth individuals (HNWI) and their families to manage, preserve and strengthen their wealth, by adopting sophisticated financial strategies organised around their requirements and ambitions.
Our main mission is to offer first-class services and the most advanced investment skills, through innovative solutions and an agile approach.
We promote an evolved private banking attitude that matches the higher financial expectations of global elites, with a mission to be the benchmark bank for Monaco residents, a wealth management boutique for international clients, and an investment and corporate banking opportunity maker.
Our bank is designed to give each customer segment a progressive approach, to meet its specific banking needs through dedicated, highly-specialized departments: WEALTH MANAGEMENT, PRIVATE BANKING, CORPORATE & INSTITUTIONALS and EXTERNAL ASSET MANAGERS.

We are CMB Monaco, a leading international private bank based in Monaco since 1976, part of the Mediobanca Group.
We help high-net-worth individuals (HNWI) and their families to manage, preserve and strengthen their wealth, by adopting sophisticated financial strategies organised around their requirements and ambitions.
Our main mission is to offer first-class services and the most advanced investment skills, through innovative solutions and an agile approach.
We promote an evolved private banking attitude that matches the higher financial expectations of global elites, with a mission to be the benchmark bank for Monaco residents, a wealth management boutique for international clients, and an investment and corporate banking opportunity maker.
Our bank is designed to give each customer segment a progressive approach, to meet its specific banking needs through dedicated, highly-specialized departments: WEALTH MANAGEMENT, PRIVATE BANKING, CORPORATE & INSTITUTIONALS and EXTERNAL ASSET MANAGERS.

We are CMB Monaco, a leading international private bank based in Monaco since 1976, part of the Mediobanca Group.
We help high-net-worth individuals (HNWI) and their families to manage, preserve and strengthen their wealth, by adopting sophisticated financial strategies organised around their requirements and ambitions.
Our main mission is to offer first-class services and the most advanced investment skills, through innovative solutions and an agile approach.
We promote an evolved private banking attitude that matches the higher financial expectations of global elites, with a mission to be the benchmark bank for Monaco residents, a wealth management boutique for international clients, and an investment and corporate banking opportunity maker.
Our bank is designed to give each customer segment a progressive approach, to meet its specific banking needs through dedicated, highly-specialized departments: WEALTH MANAGEMENT, PRIVATE BANKING, CORPORATE & INSTITUTIONALS and EXTERNAL ASSET MANAGERS.

CMS Monaco is a leading law firm, providing local and international clients with a one-stop shop service for all their legal challenges, both in counselling and litigation. The firm was created in 2009 and is strongly anchored in the Monegasque market and well familiar with the particularity and diversity of its economy. In 2017 the firm joined the CMS network, composed of 80+ offices in 45+ countries, with over 5,500 lawyers worldwide, making it the only law firm in Monaco with such significant international reach.
Today CMS Monaco is composed of over 80 professionals, including six partners (Avocats Associés Monégasques) and over 50 associates, experts in Monegasque law. The firm is structured around seven practice groups: Private Clients, Business Law, Real Estate & Construction, Employment, Banking & Finance, Tax and Criminal law. The teams regularly work together on complex cross-practice cases with high stakes for a large variety of Monegasque and international clients, such as companies of various sectors, investors, banks, finance institutions, UHNWI, HNWI and their representatives and many more.
CMS Monaco is oriented towards building long-term relationships with its clients, becoming their trusted advisor and creating true partnership. The firm’s goal is to ensure clients’ success and protect their legal interests in Monaco.

CMS Monaco is a leading law firm, providing local and international clients with a one-stop shop service for all their legal challenges, both in counselling and litigation. The firm was created in 2009 and is strongly anchored in the Monegasque market and well familiar with the particularity and diversity of its economy. In 2017 the firm joined the CMS network, composed of 80+ offices in 45+ countries, with over 5,500 lawyers worldwide, making it the only law firm in Monaco with such significant international reach.
Today CMS Monaco is composed of over 80 professionals, including six partners (Avocats Associés Monégasques) and over 50 associates, experts in Monegasque law. The firm is structured around seven practice groups: Private Clients, Business Law, Real Estate & Construction, Employment, Banking & Finance, Tax and Criminal law. The teams regularly work together on complex cross-practice cases with high stakes for a large variety of Monegasque and international clients, such as companies of various sectors, investors, banks, finance institutions, UHNWI, HNWI and their representatives and many more.
CMS Monaco is oriented towards building long-term relationships with its clients, becoming their trusted advisor and creating true partnership. The firm’s goal is to ensure clients’ success and protect their legal interests in Monaco.

CMS Monaco is a leading law firm, providing local and international clients with a one-stop shop service for all their legal challenges, both in counselling and litigation. The firm was created in 2009 and is strongly anchored in the Monegasque market and well familiar with the particularity and diversity of its economy. In 2017 the firm joined the CMS network, composed of 80+ offices in 45+ countries, with over 5,500 lawyers worldwide, making it the only law firm in Monaco with such significant international reach.
Today CMS Monaco is composed of over 80 professionals, including six partners (Avocats Associés Monégasques) and over 50 associates, experts in Monegasque law. The firm is structured around seven practice groups: Private Clients, Business Law, Real Estate & Construction, Employment, Banking & Finance, Tax and Criminal law. The teams regularly work together on complex cross-practice cases with high stakes for a large variety of Monegasque and international clients, such as companies of various sectors, investors, banks, finance institutions, UHNWI, HNWI and their representatives and many more.
CMS Monaco is oriented towards building long-term relationships with its clients, becoming their trusted advisor and creating true partnership. The firm’s goal is to ensure clients’ success and protect their legal interests in Monaco.

Since 2017 in our headquarters in Monaco, Dazerolab have been creating cloud-native and AI-powered platforms like BotMaster, a SaaS solution that empowers companies to incorporate tailor-made AI agents into their business operations effortlessly. What sets BotMaster apart is its accessibility, allowing businesses of any technological proficiency to harness AI’s benefits without the need for extensive tech expertise. This approach not only democratizes AI but also opens up new avenues for efficiency and innovation across the business spectrum. BotMaster introduces custom AI agents designed to perform specific tasks, thus propelling companies into the future of generative AI quickly and efficiently.

Growing companies through innovative digital strategies with special interest in ESG, sustainability, sustainable investing and future trends: influencer, digital strategies, investor, sustainability, ESG, media partner, luxury lifestyle.

Edmond de Rothschild is a conviction-driven investment house specialised in Private Banking and Asset Management.
The Group's exclusively family-owned shareholding is rooted in Monaco’s landscape.
The aim of our private bank is to support our client’s vision of the future above and beyond financial aspects.

Edmond de Rothschild is a conviction-driven investment house specialised in Private Banking and Asset Management.
The Group's exclusively family-owned shareholding is rooted in Monaco’s landscape.
The aim of our private bank is to support our client’s vision of the future above and beyond financial aspects.

Edmond de Rothschild is a conviction-driven investment house specialised in Private Banking and Asset Management.
The Group's exclusively family-owned shareholding is rooted in Monaco’s landscape.
The aim of our private bank is to support our client’s vision of the future above and beyond financial aspects.

We build lasting partnerships through an unparalleled client-centricity.
We empower entrepreneurial minds to create value today and for the future.
We offer first-class investment solutions with a global perspective.
We are one of the leading Swiss private banks.
We are EFG

The Gardetto Law Offices are a Monaco-based law firm with a strongly international dimension in terms of both the diversity of its clients and the nature of the cases it handles. It offers its clients, international companies and private individuals alike, a highly skilled and professional team who between them possess all the competencies required to tackle a comprehensive range of legal issues, including both litigation and advisory work, and to resolve the most complex situations.
The firm is regularly involved in international litigation, as well as in international projects, and assists clients wishing to settle, create a business or a family office in the Principality of Monaco
Thanks to its network of overseas correspondents the firm is in a position to offer clients services that are not confined to the Principality of Monaco.

Advice about corporate governance, training, internal control, strategy, public relations, marketing, feasibility studies, finance, corporate organisation, IT and risk management, assistance with personal and corporate setup in the Principality of Monaco.

The leading Tax and Legal Advisory firm in Monaco. Gordon S. Blair Law Offices was established in Monaco by prominent British Attorney at Law more than eighty years ago. His successors, including the two delegates to the MEB mission, specialise in serving private groups, families and HNWIs.

GRAMAGLIA INSURANCE broker is specialized in industrial (non-life insurance, group insurance, cyber risk, liabilities, …) & financial risks (customer credit insurance, credit risk protection, credit risk management, political risk, …).
Gramaglia is also sponsor of the No Finish Line to support underprivileged and sick children. No Finish Line® is organised in Monaco since 1999 and now in Paris, Oslo, Athens, Nice, Bratislava & Santa Cruz Bolivia ... and why not in London ?

GRAMAGLIA INSURANCE broker is specialized in industrial (non-life insurance, group insurance, cyber risk, liabilities, …) & financial risks (customer credit insurance, credit risk protection, credit risk management, political risk, …).
Gramaglia is also sponsor of the No Finish Line to support underprivileged and sick children. No Finish Line® is organised in Monaco since 1999 and now in Paris, Oslo, Athens, Nice, Bratislava & Santa Cruz Bolivia ... and why not in London ?

Iron Conseil Monaco goal is to promote economic relationships between companies, professional associations, residents, businesses, and socio-economic organizations based and registered in Monaco and internationally, spanning regions such as Europe, Pacific (Australia, New Zealand, Singapore, and French territories like Polynesia, New Caledonia...) and South America...

"FRENCH CONTEMPORARY ARTIST" KNIGHT OF THE FRENCH ORDER OF ARTS & LETTERS » EXHIBIT AROUND THE WORLDBorn in 1965, Laurence Jenkell, known as Laurence JENK, is a French sculptor and painter of contemporary art known worldwide for her larger-than-life Candy sculptures! The Pop-Art artist lives and works in the south of France and opened a workshop-gallery in Monaco in 2022.
For more than 20 years, JENK has been sculpting larger-than-life, colorful candies of various sizes in materials such as plexiglass, polyester, bronze, aluminum, marble, and Murano glass.
JENK's famous candy has become her artistic signature. But more than a medium, her Candy has become a language. Her works are part of a reflection and a cultural process: the subject of Candy combining simplicity and universality. With great freedom and determination, JENK conducts her research and develops her themes to enrich her repertoire of forms.
The Candy remains the hard core of her creative identity, but she skillfully explores all its possibilities and declines her emblematic Wrapping on collections such as ADN or Robots. The artist extrapolates the twisting gesture to denounce social issues such as environmental, societal issues and the animal cause.
In 2017, the Wrapping Twist sculptures appeared, symbolizing the crumpled wrapper of candy wrapper and in 2022, she creates Monacandy, a collection in tribute to Monaco.
Her works are exhibited in more than 50 countries around the world in numerous galleries and important private, public and institutional collections.
Knight of Arts and Letters since 2019, Laurence JENK is ranked n°430 in the top 1000 of the most sold international contemporary artists (2000 - 2020) at auction over the past twenty years, according to the latest exceptional Artprice 2020 report, 20 years of 'Contemporary Art at Auction.

Real eatate investment Fund.
Focus in Florida and Texas.
Seek out multifamily investment opportunities that offer a high return/risk ratio.
Tax optimisation: Develop structures tailored for international investors to minimize tax liabilities effectively.

40 years of experience in assisting clients with the acquisition of their primary residence in Monaco, developing a real estate portfolio in Monaco, and property management. We also assist new residents with their relocation to Monaco and offer a wide range of apartments for rent. A team of about fifteen people covers all positions and meets all our clients' needs: managers, brokers, accountants, marketing/communication, technical assistance, and legal/tax/financial advice.

Mazza Immobilier is a leading real estate agency established in 2003 in Monaco by two Monegasque citizens with graduate degrees in Law.
Mazza Immobilier is specialized in assisting international clients settling down and identifying unique investment opportunities in the Principality.
Our clients appreciate our hands-on approach where we take care of everything, from the acquisition process to the yield optimization of their properties.
We offer multiple services which include residential and commercial rentals, sales, renovations, property management with all the necessary local knowledge and contacts to provide the best advice.
We also offer administrative assistance and have a relocation team with legal qualifications.
Our experts speak several languages and will take care of each client from the very first enquiry offering the best properties on the market matching their criteria and expectations.

The British School of Monaco is a family-run, British Curriculum school with a strong sense of moral purpose. Student and staff wellbeing is at the heart of everything we do. It is the first privately-held, English-speaking school to be created in the Principality, and has grown rapidly since its opening in November 2022. We will open our Secondary school this September 2024 and are currently receiving applications for students from ages 5 to 13 (Years 1 - 8). Our teachers are all British-trained with experience teaching in high-quality British or British International schools. We have recently been reviewed by COBIS and received a glowing report regarding the quality of our development in such a short space of time, and the establishment of an effective, happy and principled learning environment for our students.


Import and export of motor vehicles, classic cars and helicopters.
Assistance in relocating from a residence abroad to Monaco " RELOCATION ". Customs expertise. Approved tax representation for all activities carried out in the Principality of Monaco by foreign companies. Payment of VAT in the Principality of Monaco or claims for VAT refunds (building sites, sporting events, congresses, events and charters, etc.) Assistance in obtaining consular visas, legalisation and authentication of documents from consulates or embassies. Our clientele is both international and local (individuals and companies based in Monaco, in Europe and around the world). Our greatest reward is the loyalty of our clients, who are our best ambassadors abroad.

Import and export of motor vehicles, classic cars and helicopters.
Assistance in relocating from a residence abroad to Monaco " RELOCATION ". Customs expertise. Approved tax representation for all activities carried out in the Principality of Monaco by foreign companies. Payment of VAT in the Principality of Monaco or claims for VAT refunds (building sites, sporting events, congresses, events and charters, etc.) Assistance in obtaining consular visas, legalisation and authentication of documents from consulates or embassies. Our clientele is both international and local (individuals and companies based in Monaco, in Europe and around the world). Our greatest reward is the loyalty of our clients, who are our best ambassadors abroad.

MonacoTech is the startup incubator of the Principality of Monaco. It is a human-sized, flexible and selective startup incubator that propels innovations in Monaco.
We help innovative, high-growth potential and social impact projects take off, gain traction, scale and get established in the Principality. We provide a thriving, community-oriented and trustful environment for ambitious, game-changing startups that are redefining their industry through new business models and emerging technologies.

Monte-Carlo Self Storage offers a storage solution in Monaco, intended for both private individuals and professionals. Located in the heart of the Principality, Monte-Carlo Self Storage has 1000 m², divided into boxes of different sizes, accessible 24/7. Access is with a personalized badge. There is a video surveillance system, an alarm system, as a particularly advanced fire extinguisher and fire protection. The customers have the only key to their storage space, and it is completely private.

Monte-Carlo Self Storage offers a storage solution in Monaco, intended for both private individuals and professionals. Located in the heart of the Principality, Monte-Carlo Self Storage has 1000 m², divided into boxes of different sizes, accessible 24/7. Access is with a personalized badge. There is a video surveillance system, an alarm system, as a particularly advanced fire extinguisher and fire protection. The customers have the only key to their storage space, and it is completely private.

Moore Stephens Monaco is part of the Moore Global network that brings together over 550 firms around the world. With access to over 37,000 dedicated people worldwide it allows us to secure our clients in all the services we provide thanks to our large community of experts.
Moore Stephens Monaco was founded in 1956 and is one of Monaco's leading service providers serving the international business community. In Monaco we are over 40 staff collaborating to help our clients succeed in any type of project. In order to help you thrive in a changing world, we guide you in your decisions and lead you to take the right path to get results for you and your business.
We provide a range of valuable services, tailored to your specific needs including:

Pineappli is a multi services cloud platform used to secure exchanges between employees company and their clients. Thanks to its European and North American patent, Pineappli offers the most secured way for storing your data in the cloud.
You can manage a complete cycle or your documents, from its creation to its archiving.
You can manage a complete cycle or your documents, from its creation to its archiving.
With Pineappli, you can create, edit, send, validate, sign, archive and even more for all your documents by a simple click or by using workflows.
You'll never have to think about your document security exchange again because Pineappli do it for you.

Plurimi Wealth LLP is a holistic wealth manager founded in 2007, that provides clients with the infrastructure, services, and ideas to efficiently manage their assets.
We provide a bespoke service, taking advantage of our extensive custodial network and array of experienced talent, to support our clients as comprehensively as their own family office would.
Our structure allows us to seamlessly integrate into any already existing framework, as well as guide clients through the wealth management process from the ground up. Plurimi Wealth LLP now sits part of the Plurimi Group of companies with regulated offices in London, Dubai and Monaco and has $8bn in assets under management.

Radio Station mainly in English, local, national and international news, coverage of cultural and sports events. Sale of advertising for on air broadcast and on internet. Broadcast zone from San Remo to Saint-Tropez.

SAVILLS is one of the world's largest real estate firms and in Monaco provides residential property services. Sales, lettings, valuations, management.

Square Capital is an independent asset manager with offices in Paris, London, Monaco and New York, specialised in Quality Investing and offering personalized investment strategies that align with the highest standards of service and integrity.

We provide insurance for yacht (mostly over 24m). We are the only Lloyd's certified insurance broker of Monaco. We deal with different market (Lloyd's, French, Italian and more) to provide the best insurance for the hull & machinery, protection and indemnity as well as crew welfare coverage for super yachts.

Tempest is a leading independent legal and advisory practice based only in Monaco, working on corporate, banking and finance, regulatory and compliance matters for a wide range of businesses, such as advising on anti-money laundering and data protection Manuals and procedures, and liaising with Monaco regulatory bodies on their behalf, and for private clients, entrepreneurs, and sportspeople advising on immigration/capacity/wills/trusts and estate administration matters in collaboration with their existing legal and fiscal advisers.

Tempest is a leading independent legal and advisory practice based only in Monaco, working on corporate, banking and finance, regulatory and compliance matters for a wide range of businesses, such as advising on anti-money laundering and data protection Manuals and procedures, and liaising with Monaco regulatory bodies on their behalf, and for private clients, entrepreneurs, and sportspeople advising on immigration/capacity/wills/trusts and estate administration matters in collaboration with their existing legal and fiscal advisers.

TrustConsult is an independent trust house with multiple jurisdictions covering several financial and structuring sectors.
Our Mission for this trip is to create new alliances with intermediaries, lawyers, or bankers offering an excellence in services to the Uk based clients, promoting with multi-faceted solutions the support the local financial system and facilitating any structuring demand in the wealth protection of private individuals and corporate clients.
Proposing to re-organize and setting up structures to protect any local assets of clients wanting to retain UK based assets or needing international advice.
We are interested in meeting and co-creating services with all sectors related to the financial world (bankers, asset managers, real estate players, insurers, or brokers, let alone also the key operators taking care of the clients physical and financial transitions)

TrustConsult is an independent trust house with multiple jurisdictions covering several financial and structuring sectors.
Our Mission for this trip is to create new alliances with intermediaries, lawyers, or bankers offering an excellence in services to the Uk based clients, promoting with multi-faceted solutions the support the local financial system and facilitating any structuring demand in the wealth protection of private individuals and corporate clients.
Proposing to re-organize and setting up structures to protect any local assets of clients wanting to retain UK based assets or needing international advice.
We are interested in meeting and co-creating services with all sectors related to the financial world (bankers, asset managers, real estate players, insurers, or brokers, let alone also the key operators taking care of the clients physical and financial transitions)

WES offers transport solutions for shipments in France and abroad.
WES offers the right solution for :
WES expertise is based on performance, reliability and security
Our Market is luxury industry, Art, Yachting, cars, relocation)

WES offers transport solutions for shipments in France and abroad.
WES offers the right solution for :
WES expertise is based on performance, reliability and security
Our Market is luxury industry, Art, Yachting, cars, relocation)
MONACO ECONOMIC BOARD
2, rue de la Lüjerneta - BP 653
98013 Monaco Cedex
+377 97 98 68 68
www.meb.mc
info@meb.mc
ADDRESS : Sloane Square SW1W 8BB London
Free Afternoon
ADDRESS : Sloane Square SW1W 8BB London
ADDRESS : Sloane Square SW1W 8BB London
Free Evening
For those who so choose, visit the LSE Generate and 100X incubator
ADDRESS : Sloane Square SW1W 8BB London
ADDRESS : Houghton Street, WC2A London
Optional:
ADDRESS : Royal Automobile Club, 89 Pall Mall, St. James's, SW1Y 5HS London
For those not visiting the LSE:
ADDRESS : Royal Automobile Club, 89 Pall Mall, St. James's, SW1Y 5HS London
ADDRESS : 33 Margaret Street, W1G 0JD London
ADDRESS : Sloane Square SW1W 8BB London
ADDRESS : 562 King's Rd, London SW6 2DZ, London
ADDRESS : Sloane Square SW1W 8BB London
Free Morning
ADDRESS : Royal Thames Yacht Club, 60 Knightsbridge, SW1X 7LF, London
ADDRESS : Sloane Square SW1W 8BB London
Free Afternoon
Sloane Square Hotel
7-12 Sloane Square, SW1W 8EG
+44 207 896 99988
Kamal ISAAC, Reservations Manager
kamal@sloanesquarehotel.co.uk
www.sloanesquarehotel.co.uk
Hauser & Wirth
23 Savile Row London W1S 2ET United Kingdom
+44 207 255 8260
+44 7471 336 646
John LLOYD, Gallery Assistant
johnlloyd@hauserwirth.com
London School of Economics - LSE
Houghton St,London WC2A 2AE
Marina ARCADY, Executive Officer to the Director of Corporate Engagement and the Director of East Asia and Global Academic Engagement
M.A.Arcady@lse.ac.uk
Royal Automobile Club
89 Pall Mall London SW1Y 5HS
+44 207 747 3404
Michael HEGARTY, Banqueting & Events Reservations Manager
Michael.Hegarty@royalautomobileclub.co.uk
BOHA London
562 Kings Road London SW62DZ
+44 7354 825523
+44 20 3819 6644
Monique BERNAUER, Sales & Marketing Manager
bohalondon.com/
Royal Thames Yacht Club
60 Knightsbridge, London SW1X 7LF
+44 207 235 2121
Abbey COLEMAN, Event Manager
abbey.coleman@royalthames.com
V33 Margaret Street, W1G 0JD London
Annabel FOGDEN, International Business and Events Manager
+44 20 7203 1880
afogden@londonchamber.co.uk
S.E. Mme Evelyne GENTA, Ambassadeur
Officier de l'Ordre de Saint-Charles
7, Upper Grosvenor Street
W1K 2LX Londres, Royaume-Uni
+44 207 318 10 81
embassy.uk@diplomatie.gouv.mc
embassy-to-uk.gouv.mc/
Cécile GERNEZ, Assistant to S.E. Mme Evelyne GENTA
cgernez@diplomatie.gouv.mc
Stéphane DEGUEURCE-ROBERGE
7 Upper Grosvenor Street, London W1K 2LX
+44 20 7318 1090
+44 77 9180 7542
sdegueurceroberge@gouv.mc
Monte-Carlo Travel
Sylvain ROUSSEAU
+33 7 66 73 56 78
sylvain@montecarlotravel.net
Please fill out this Google form:
ANSWER THE SURVEYGDP PER CAPITA ($): $45461.0
POPULATION: 67.8 million
COUNTRY RISK: A4
BUSINESS CLIMATE: A1
| 2021 | 2022 | 2023(e) | 2024(p) | |
| GDP growth (%) | 8.7 | 4.3 | 0.1 | 0.5 |
| Inflation (yearly average,%) | 2.6 | 9.1 | 7.3 | 2.9 |
| Budget balance (% GDP) | -5.22 | -5.025 | -4.6 | -4.4 |
| Current account balance (% GDP) | -0.5 | -3.1 | -2.7 | -2.8 |
| Public debt / GDP (% GDP) | 101.4 | 99.3 | 99.1 | 101.3 |
(e): Estimate (f): Forecast
The UK economy has proven more resilient than expected – similar to many other European economies – as it is battling with high inflation, rising interest rates and diminished real wages. This resilience has until now been driven by a strong labour market that has supported a service sector that is still recovering from the pandemic. The economy has avoided a recession so far but has been seeing an almost stagnating level of activity since early 2022. Headline inflation is coming down from its late-2022 high and is expected to continue to gradually ease until mid-2024 as energy is pulling inflation down while food and other goods see their price pressures alleviate. However, this will be a slow process as service inflation – highly correlated with wage growth – are proving more persistent due to a tight labour market. Inflation will come down substantially in 2024 compared to the 2022 and 2023 levels but is still expected to remain above the 2% target of the Bank of England (BoE).
The labour market remains tight but is already showing signs of weakening with vacancies slowly coming down from their historic high and unemployment coming up, albeit still at a very low level. A weakening labour market will affect wage growth, but it is still expected to remain high in 2024. The national minimum wage will increase by at least 5.6% in April 2024. This could, along with some unions only reluctantly agreeing to the 2023/24 increase, cause nominal wage growth to average around 5-6% in 2024, and real wages to eventually rise. The resilient labour market, high wage growth and persistent inflation is forcing the BoE to keep interest rates higher for longer to cool down the economy. The Bank rate, its key interest rate, is expected to end 2023 around the current level 5.25% and remain at this level to at least late 2024, potentially even early 2025. Despite a fall in real wages over the past year, household demand was relative stable in 2022 and most of 2023 as households were using some of their excess savings accumulated during lockdowns. However, as the excess savings are depleting and unemployment rising, consumption will slowdown in the last part of 2023 and early 2024, but slowly start recovering in the latter half of the year as real wage growth improve purchasing power.
Trade is still slowly recovering from the pandemic and post-Brexit hurdles as overall trade was still lower in the first half of 2023 compared to its pre-pandemic levels. The overall fall is due to trade in goods, which is still 5% below the volume in the first half of 2019, and more specifically trade in goods to European Union (EU) countries as this remained 11% lower. While some of this is expected to gradually recover, smaller and medium sized companies have lost competitive advantages given the higher costs of trade. Businesses will continue to struggle with tepid demand, resulting in further difficulties in passing on costs – particularly financial and labour costs – to consumers which also will be reflected in low investments. This will affect margins, that until now have been relatively stable (net rate of return for UK non-financial companies only fell by 0.3pps to 9.9% in Q1 2023 compared to a year prior). Tighter margins and high interest costs will challenge the zombie companies that have been persistent in the economy since the low interest rate environment following the Great Financial Crisis. Insolvencies rose rapidly in 2022 to surpass 2019-levels, following two years with historically low amounts of insolvencies. Insolvencies have and will continue to rise in 2023 (+14% higher in the first nine months of 2023 than a year prior) and is expected to increase further in 2024, albeit at a slower rate.
After a tumultuous 2022, the Spring Budget of 2023 was a relatively safe affair that continued the promise of responsible spending and only minor tax and subsidy changes. It confirmed the rise in the corporation tax (19 to 25% from April 2023) and scaled down the previous ‘super-deduction’ scheme (where businesses could claim 130% capital allowances on qualifying plant and machinery investments) to a ‘full expensing’ scheme, a 100% capital allowances (+GBP 8 billion, 0.3% of GDP). The extension of the Energy Price Guarantee for households (to June 2023), the Energy Bills Discount Scheme for companies (to March 2024) and the extended cut to the fuel duty were among the more expensive measures to ease inflation (GBP 8.2 billion, 0.3% of GDP). This is resulting in the fiscal balance deficit expected to rise slightly and public debt to rise further as expenditures are expected to outgrow receipts.
After completing the announced reduction of their stock of government bonds and non-investment grade corporate bonds – stemming from the Asset Purchase Facility (APF) – in September 2023 (reducing by GBP 80 billion), the BoE announced a further reduction of GBP 100 billion from October 2023 to September 2024, planning to reduce its holdings to GBP 658 billion.
Both exports and imports are expected to drop in 2023 and only somewhat recover in 2024, but the recovery will be slow and while the Windsor Framework improved the relationship with the EU, the trade frictions are still there, and automotive exports may not recover. The current account deficit will remain stable in 2023 and gradually narrow in 2024. However, it will remain negative with the balance of goods showing a deficit, despite improvements, whereas the balance of service will have a surplus as it remains a key part of the global financial sector.
The next general election has to at the very latest be held in early January 2025, but given that an election period over Christmas seem rather unlikely, 2024 will probably be an election year. As Rishi Sunak, the Conservative prime minister, came up to a year as prime minister in October 2023, he has so far not seen much change in the polls with his party still polling around 27%, well below the Labour (left), the main opposition party (45%) – roughly unchanged between the two compared to November 2022. It is therefore expected that he will hold back on calling an election for as long as possible, especially to distance himself from memories of high inflation and continuous strikes. It is also possible that a decision to call an earlier election around April 2024 if the conditions are favourable – inflation is expected to be low compared to previous years’ levels and could potentially follow the Spring Statement.
While political tensions, both domestically and internationally, have eased compared to their peak in 2022, they still persist. Tensions between the Government and unions around wages continue to be present, and there are still a significant number of strikes. The 12-month period to June 2023 saw 4 million total working days lost – the highest amount since 1990. The government is still working pro-actively on a trade deal with India, although there is still much disagreement about several points –including easing visa restrictions on Indian professionals and the UK accepting India’s standards on environment protections and labour. Meanwhile, the relationship with the EU has improved after the Windsor Framework was announced in February 2023 – and adopted the following month.
Cheques are still used for domestic and international commercial payments, although bills of exchange and letters of credit are preferred for international transactions. Bank transfers – particularly SWIFT transfers ? are also often used and are viewed as a fast and reliable method of payment. Direct Debits and Standing orders are also recognised as practical solutions for making regular or anticipated payments and are particularly widely used in domestic transactions. It is acceptable to issue invoices both before and after the supply of goods or services.
The debt collection process usually begins with the debtor being sent a demand for payment, followed by a series of further written correspondence, telephone calls and (if the value of the debt permits), personal visits and debtor meetings. The collection process has been designed as a progression of stages, beginning with an amicable (pre-legal) collection phase and escalating up to litigation, should the debtor fail to meet his obligations.
The County Court only has civil jurisdiction. Judges handle claims for debt collection, personal injury, breach of contract concerning goods or property, land recovery and family issues (such as divorce and adoption). Cases valued at less than GBP 25,000 (or under GBP 50,000 for personal injury cases) must have their first hearing in the county court.
The High Court is based in London, but also has provincial districts known as “District Registries” all over England and Wales. It has three divisions: the Queen’s Bench Division, the Chancery Division, and the Family Division.
The Court of Appeal has two divisions – the Civil Division and the Criminal Division.
The Supreme Court is composed of a president, a deputy president, and twelve professional justices.
In order to apply for a summary judgment, the claimant must obtain an Application Notice Form from the court. This should be supported by a Statement in which the claimant sets out why he believes that summary judgment should be given ? either because the defendant has no real prospect of successfully defending the claim, or because there is no reason why the case should be decided by a full trial.
A copy of this statement is served on the opponent seven days before the summary judgment hearing. The opponent also has the opportunity of presenting a statement, but this must be sent no later than three days before the hearing. The claimant cannot apply for summary judgment until the debtor has either returned an acknowledgment of service form, or has filed a defence. If the court agrees with the claimant, it will return a favourable judgment. The application will be dismissed if the court does not agree with the claimant.
There are now identical procedures and jurisdictions for the County Court and the High Court. A number of litigation “tracks” have been created, each with their own procedural timetables. Claims are allocated to a track by a procedural judge, according to their monetary value. There are transaction processes that need to be followed before initiating a court action. These processes have been designed to encourage the parties concerned to settle disputes without the need for court proceedings, thus minimising costs and court time.
Proceedings formally commence when the claimant (formerly “the plaintiff”) files a Claim Form with the County Court or the High Court. Full details of the complaint are set out in the Particulars of Claim, which is usually a separate document which supports the Claim Form. The Claim Form must be served on the defendant by the court, or by the claimant. The defendant can then respond to the claim form within 14 days of service. A time extension of 28 days is agreed for the debtor to file a defence and/or a counter-claim. Once these formal documents have been exchanged, the court orders both parties to complete an “Allocation Questionnaire”.
A freezing order (or freezing injunction) is a special interim order which prevents the defendant from disposing of assets or removing them from the country. One of the conditions attached to the granting of such an order is often that the applicant will pay full costs to the person against whom it was made, if it turns out to be inappropriate. A typical commercial dispute can take 18-24 months to reach a judgment, starting from the time legal action is first initiated.
A number of enforcement mechanisms are available. These include the Warrant of Execution (which allows a County Court Bailiff to request payment from the debtor) and the Writ of Fieri Facias for debts exceeding GBP 600, under which a High Court Enforcement Officer can make a levy on goods to the equivalent value of the judgment debt (for subsequent sale at auction and offsetting against the amount due).
As a member of the European Union, the UK has adopted several enforcement mechanisms for decisions rendered in other EU countries. These include EU payment orders which are directly enforceable in domestic courts and the European Enforcement Order, for undisputed claims. Judgments issued in non-EU countries are recognised and enforced if the issuing country has an agreement with the UK. If no such agreement is in place, an exequatur procedure is provided by English Private International?Law.
Administration is intended as a rescue mechanism which enables companies (wherever possible) to continue with their business operations. The procedure is initiated either by applying to the court for an administration order, or by filing papers with the court documenting the out-of-court appointment of an administrator.
The CVA is an informal but binding agreement, between a company and its unsecured creditors, in which the company’s debts are renegotiated. It can be used to avoid or support other insolvency procedures, such as administration or liquidation. It provides for a restructuring plan which imposes the support of dissenting creditors.
The Creditor’s Scheme of Arrangement is a court-approved compromise or arrangement, between a corporate debtor and all classes of its creditors, for the reorganisation or rescheduling of its debts. It is not an insolvency procedure and does not include a moratorium on creditor action. It can, however, be implemented in conjunction with formal insolvency proceedings, (administration or liquidation). It can also be implemented on a standalone basis by the debtor company itself.
There are three types of receivers. The first of these is a receiver appointed with statutory powers. The second type of receiver is one who is appointed under the terms of a fixed charge or a security trust deed. The third category is an administrator (who is appointed under the terms of a floating charge over all, or a substantial share, of the debtor company’s property.
A company can enter voluntary or compulsory liquidation. Voluntary liquidations can be either a “members’ voluntary liquidation” or a “creditors’ voluntary liquidation”. Both of these proceedings are initiated by the company itself, by passing a resolution during a meeting of members. The company then ceases trading and a liquidator collects the company’s assets and distributes the benefits to the creditors so as to satisfy, as far as possible, the company’s liabilities.
Last updated: November 2023
Source: COFACE
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