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Basil Zirinis

Partner  |  Sullivan & Cromwell
JURISDICTION

United States (NY)

TOP 3 AREAS OF EXPERTISE

Complex cross border trust and tax planning
International trust and estates litigation
Family business governance and succession planning

Enhanced Q&A

What has been the highlight of your practice over the past 12 months?

Working with a team of leading English and offshore advisers on a series of complex restructurings of a network of large trusts to enable the settlor and beneficiaries to live wherever they wish, without adverse tax consequences.

How did you get into private client?

Good fortune!

What advice would you give rising stars/new lawyers in the private client world?

Culture – focus on understanding the cultures (both legal and national) of the jurisdictions with which you are working.

What is your favourite quote?

“Direct action… It beats legislation." Ernest Hemingway.

Do you have any outside interests or hobbies?

Tennis and shooting.

When the restaurants reopen, where would you like to go?

Oswald’s in London.

Where have you seen growth in your practice over the last year?

US Citizens who wish to create non-US offshore trusts as a safe haven in case of political unrest or similar instability, as well as clients leaving the US to relocate in Europe.

What is the main area of growth you predict for the next 12 months?

Review of trusts and similar structures to stress test them for the next crisis and to revise the structures as needed to be most flexible, durable and compliant with all reporting requirements.

Can you identify any new areas you have developed within your practice to further benefit your clients?

Expanding our ability to advise clients relocating on all the relevant jurisdictional needs, including the best advisors to add to their team so that advice is seamless and coordinated.