Familybusiness plays a very important role in the global economy. However, it is noteasy to generate wealth, and even harder to keep it. When a family business isfaced with a generational transition, if it is not well-planned, there mightoccur events such as competition for management right, division of assets, dilutionof shareholding, a decline of the company scale, and competition for familyproperty. Moreover, in the era of globalization, the assets of family businessowners or high-net-worth individuals are spread across various jurisdictional territories,even involving multiple nationalities, which makes family estate planning amatter of complex legal issues.

Thefamily governance and corporate transition team at Formosan Brothers has endeavoredin the family governance and corporate transition fields for many years. Ourteam consists of experienced litigatious and corporate lawyers and tax expertswith certification in estate planning and rich experience in a diversity ofrelevant spheres such as corporate transition and equity planning, familygovernance mechanism planning, family charter and closed enterprise planning,domestic and overseas trust structure planning, family philanthropy planning,prenuptial agreement, divorce agreement, and will drafting. On April 7, 2023,Formosan Brothers signed a memorandum of cooperation with Hua Nan Bank toestablish a cross-industry alliance. Through this alliance and FormosanBrothers’ global cooperation network, we are ready to provide enterprises with comprehensiveservices in intergenerational transition planning and cross-border assetplanning.