IAG International Assembly

GOTHENBURG

22nd September 2000

MINUTES

Present:

AUSTRIA

Neudorfer Griensteidl Hahnkamper Helmut Neudorfer

& Stapf Vice Chairman

Lawyers, Vienna

BELGIUM

ERYV Sprl Etienne Laurent

Tax Counsel, Brussels

Simonet Kelder Philippe Luc Simonet

Domont Lories & Mertens

Lawyers, Brussels Jean-Pierre Domont

CANADA

Cain Lamarre Casgrain Wells Francois Tremblay

Lawyers, Quebec

CHANNEL ISLANDS

Edgerton Vernon & Partners Kiran Patel

Lawyers, Jersey

CZECH REPUBLIC

Mgr Monika Wetzlerova Monika Wetzlerova-Deisler

Advokata

Lawyers, Pilsen

DENMARK

Valentin law offices John Valentin Madsen

Lawyers, Odense

Fjelsted & Partners Hans Fjelsted

Lawyers, Copenhagen Inger Fjelsted

ENGLAND

Bentley Jennison Arthur Bailey

Accountants, Stoke on Trent Secretary

Leicester office Mike Higgins

Grundberg Mocatta Anders Grundberg

Lawyers, London Bernard Mocatta

Fredrik Lager

Lena von Finckenhagen

Shakespeares Charles Flint

Lawyers, Birmingham Chairman

Wollastons Richard Wollaston

Lawyers, Chelmsford Alan Wyatt

IAG Administration Office Christopher Whitamore

FINLAND

Borenius & Kempinnen Mika Salonen

Lawyers, Helsinki

FRANCE

Conseil & Expertise Sylvain Koskas

Accountants, Paris Treasurer

Lefèvre Pelletier & Associes Thierry Bernard

Lawyers, Paris Marie-Daphne Fishelson

GERMANY

HTG Handels-und Till Bartelt

Finanztreuhand GmbH

Accountants, Berlin

Fingerhut Karg Maul Mathias Schrder

Lawyers, Munich Committee Member

Thomas Maul

Dr Zacharias Predeek & Partner Heidi C. Wilden

Lawyers, Paderborn

ISRAEL

Shenav Elrom Konforti & Shavit Yaron Shavit

Lawyers, Tel Aviv

Koskas & Co Philippe Koskas

Lawyers, Tel Aviv
ITALY

Rubini Marzari Brendolan & Partners

(formerly Marzari Maestroni Maggiora Nicolini)

Lawyers, Verona Roberto Nicolini

Studio Legale de Capoa e Associati Simon Dix

Lawyers, Bologna
LIECHTENSTEIN

Juricon Trust Company Kerstin Schwald

Lawyers/Accountants

NETHERLANDS

Schipper Van der Mersch Peter van der Mersch

Lawyers, Rotterdam Committee member

NORWAY

Codex Advokat AS Espen Juul Haugan

Lawyers, Oslo

RUSSIA

Alrud Vassili Rudomino

Lawyers, Moscow

SCOTLAND

Morison Bishop James A. Millar

Lawyers, Glasgow

SWEDEN

HOST FIRM

Rosengrens Advokatbyrå Lars Rosengrens

Lawyers, Gothenburg Carl-Fredrik Furtenbach

Lennart Broden

Lennart Strom

Jan Wieselgren

Catharina Wolof

Ulf Saline

Ulrik Hägge

Nicolas Carling

Stefan Jevinger

Mikael Claes

Katarina Hallin

Yvette Rosen

Nicklas Gransmarker

Borås office Olle Lindeblad

Johan Hermansson

Anders Lewerth

Christian Andersch

Uddevalla office Susanne Wiklund

Gunnard & Co. Birger Gunnard

Lawyers, Stockholm Committee member

Asa Gunnard

Monika Nsberg

Mikael Holst

Jon Eklund

SWITZERLAND

Acton Treuhand AG Flavia Blum

Accountants/Tax Advisors, Zug

Staiger, Schwald & Roesle Michael Hamm

Lawyers, Zurich

USA

Allegaert Berger & Vogel LLP Christopher Allegaert

Lawyers, New York

Perkins Smith & Cohen LLP Harvey M. Burg

Lawyers, Boston & Washington DC Committee Member

PROSPECTIVE MEMBERS

ENGLAND

Ward Hadaway Robert Elliott

Lawyers, Newcastle-Upon-Tyne

ITALY

Studio Legale Diurni Amalia Diurni

Lawyers, Rome Antonio Diurni Jr.

USA

Gilliss & Valla Antonio Valla

Lawyers, Lafayette CA. Ann M. Dalsin

Novack & Macey Stephen Novack

Lawyers, Chicago

OBSERVERS

ITALY

Robert Stocco & Associati Michela Pellizer

Accountants,

Castelfranco Veneto (TV)

SWEDEN

Finnhammars Revisionsbyr Ola Spinnars

Accountants, Stockholm

Chairman’s welcome

The Chairman welcomed delegates, applicants and observers to the meeting.

1.  Minutes of the Dresden Assembly, 18th May 2000

The minutes of the last meeting were proposed, seconded and duly approved.

2.  Financial Report

The Committee presented their draft budget for the year to 31st December 2001, which had been previously circulated accompanied by a letter from the Secretary.

The inadvertent omission from the 31/12/2000 budget column, of an item of CHF 14,000 was pointed out, and it was noted that it did not affect the total.

The Secretary reiterated the Committee’s three main proposals for 2001, set out in his letter.

i)  That accounts for the year ending 31/12/00 will be produced in Euros, alongside Swiss Francs for comparative purposes

ii)  That subscription notices from 01/01/01 will be in Euros

iii)  That the subscription for 2001 will be EU 3350 and the joining fee EU 2000

(equivalent to CHF 5000 and CHF 3000 at current rates)

The Chairman invited questions or comments. None emerged.

The budget and accompanying proposals was formally proposed, seconded and duly approved and adopted.

3)  Membership matters

Applicants and Observers were asked to withdraw briefly and four applications were reviewed. The Chairman invited members to raise any questions, points or objections. He confirmed that the Committee recommended all four for ratification by the Assembly and the applications of

Ward Hadaway (lawyers, Newcastle upon Tyne, England)

Studio Legale Diurni (lawyers, Rome, Italy)

Gilliss & Valla (lawyers, Lafayette, California, USA)

Novack & Macey (lawyers, Chicago, Illinois, USA)

were duly ratified.

The Applicants and Observers were asked to return and the Chairman congratulated the four firms on becoming members of IAG.

He then invited the Observers to make presentations and both Michaela Pellizer, of Roberto Stocco e Associati, and Ola Spinnars of Finnhammars Revisionbyra, made interesting presentations on their respective firms, which were welcomed by the Assembly.

4)  Articles of Association

The Chairman introduced the set of draft changes to the Articles of Association which he had circulated, accompanied by an explanatory letter, dated 24th August 2000. He reminded the Assembly that there were three key areas of change proposed:

-  greater responsibility on Members to keep the Committee up to date with any changes in the member firm or its activities

-  bringing the application procedure for new members in line with the practice adopted by the committee some time ago

-  requiring an Agenda and relevant papers to be circulated 14 days prior to a meeting, shortening the period slightly.

A single typographical error was noted and the Chairman was asked to see that this and any other non-material corrections were made.

The revised Articles were then proposed, seconded, duly approved and adopted with immediate effect.

The Chairman also drew the Assembly’s attention to another area of his letter, although the newly revised Articles did not contain any changes to this effect. These were the possibilities of reducing the Chairman’s term to two years, altering the role of Vice Chairman to become ‘Chairman in waiting’, and allowing the Chairman or other officers to serve more than 6 years on the Committee. He asked members to consider the implications of these suggestions, and to send him any feedback informally, or discuss it with him as the opportunity arose.

5)  EEIGs

The Chairman reported briefly on the current position of the EEIGs.

Currently two tenders were under appraisal by the European Commission. The award of a further tender to a competitor, on what the EEIG board considered were unsound grounds, had been challenged and stayed in court. The final outcome remained in the balance, but he felt that winning the stay had helped to hold up the position of the IAG EEIGs in the market.

Options for the administration of the EEIGs were under review and would be reported on at the February meeting.

6)  Future meetings

The Assembly listened with eagerness to the plans of Roberto Nicolini, of Rubini Marzari Brendolan, for the February 2001 meeting in Verona, and to Yaron Shavit outlining the plans of his own and Philippe Koskas’ firms for the 2001 Assembly in Israel.

7-10) Product/ Services package cooperation and development

The Chairman suspended the formal element of the meeting, which moved into pre-allocated groups for the brainstorming and reporting elements outlined in separate briefing papers.

11)  Discussion of new meeting format and points for future meetings

The Assembly reconvened and the Chairman asked for views on the experiment of devoting much of the meeting to working together in small interactive ‘brainstorming’ groups.

Several views were expressed to the effect that, almost regardless of any practical outcome of the discussion, this principle was valuable simply for the opportunity to work actively on a business topic with a range of IAG colleagues, getting to know them as individuals and to understand more of the practicalities of their business culture. Where practical progress in furthering IAG’s aims could also be achieved, as it would on some but not all topics, this was highly valuable, so the principle was approved.

The Chairman emphasised that a rapid receipt and dissemination of reports from the groups would be important in seizing any practical opportunities.

He invited members to raise general points and suggestions, and several were made.

It was agreed that it would be desirable to continue the practice of sending out an advance/ draft attendance list with the meeting papers, so members could plan contacts they wished to make, but this should not revert to the previous practice of being bound into the papers as there were always a few changes by the actual meeting. Finalised attendance list would continue to be given out as delegates arrived.

Christopher Whitamore explained some intended improvements to the mechanics of the website, and confirmed that these would include the creation of password protected areas, as Tony Valla suggested. One immediate use would be the availability within the group of an email circulation list.

The Chairman thanked all present for their contributions to the success of the meeting, and closed the formal proceedings with special thanks to the host firm, Rosengrens Advokatbyra.

______

The two delegates who had notified topics for the Business Exchange Forum were then invited to speak, and the delegates heard brief presentations from Simon Dix of Studio Legal De Capoa e Associati, and from Vassili Rudomino of Alrud.

Finally a video, as background for the Israel Assembly, was shown to those delegates who had not already had the chance to see it in Dresden.

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