Tempest Legal Services

All of our legal advisers have many years of experience working with businesses in Monaco and advising on Monaco’s corporate law. We assist companies with their day-to-day corporate legal requirements and provide strategic guidance.

Our legal advisers are also well-recognised for their abilities to advise on mergers and acquisitions, and restructurings of businesses operating in and around Monaco.

We work with entrepreneurs and corporate clients across a wide range of industry sectors and at various stages of development, and we advise them on all types of corporate and M&A matters, including:

• Setting up regulated and non-regulated businesses in Monaco
• Liaising with regulators and professional operators
• Advising on choice of entity and restructuring of operations
• Drafting contracts and general corporate advice in liaison with professionals, including notaries
• Advising on the launch of Monaco-based e-commerce and new technology businesses
• Assisting with internet site law, disclaimers and Data Protection issues
• Health and Safety advice and manuals
• Drafting internal rules, including employee handbooks and contracts
• Due diligence and data rooms
• Capital increases
• Restructurings
• Spin-offs
• Joint ventures
• Buyouts
• Corporate governance

Our partner William Easun is recognised as one of the leading legal advisers in Monaco advising private clients and families, including entrepreneurs, sports personalities, investors, hedge fund managers and brokers. As a result, Tempest is one of the most experienced firms in the Principality when it comes to establishing Single and Multi-Family Offices and dealing with the associated structuring and estate planning issues that arise.

Many of our private clients now choose to employ the services of Multi-Family Offices to meet their private banking and wealth management requirements. In the last few years, Monaco has passed laws to regulate the activity of Multi-Family Offices in the Principality, with a view to encouraging more foreign residents of Monaco to favour local MFOs.

Our experts provide integrated advice across the establishment, structuring and management of Single and Multi-Family Offices, as well as working on the estate planning, wills and probate, trusts and regulatory issues involved. We are very well-placed to advise on the launch of Multi-Family Offices under the new Monaco regulations, including those that require authorisation from the regulator, the Commission de Contrôle des Activités Financières (CCAF), and from the Monegasque government.

Family Offices can serve as important vehicles for protecting personal wealth through the generations, and we deliver independent Monegasque legal advice as well as strategic guidance to private individuals and families, with a focus on integrity, professionalism and confidentiality.

Tempest is well-equipped to advise insurers, brokers and agents on all aspects of conducting insurance activities in Monaco, including liaising with regulators and assisting clients in compliance with the latest EU and local regulation.

We regularly work with European insurance companies extending their licences into the Principality of Monaco, and can advise on Monaco law issues in relation to:

• Preparation of licence extension files
• Authorisation for insurance and brokerage activities
• Contract review
• Role, remit and powers of Authorised Agents and Fiscal Representatives
• Questions relating to Anti-Money Laundering and Data Protection compliance
• Creation of authorisation files
• Review of distribution contracts
• Legal opinions on marketing insurance activities in Monaco
• Issues related to professional indemnity insurance for operators