Wednesday March 4, 2015 23:40
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Monday, 6 January 2014 0:03 | Author: Ian Brodie

EXCLUSIVE: JP Construction losses may top 5 million

MONACO BUSINESS, JP CONSTRUCTION: The scale of losses involved in the collapse of Monaco company JP Construction is becoming clear as new victims come forward. The total sum is now believed to be in excess of five million euros, most of it owing to clients with a significant proportion outstanding to suppliers and sub-contractors...

Tuesday, 10 December 2013 14:43 | Author: Ian Brodie

JP Construction victims meet in Monaco

MONACO BUSINESS, JP CONSTRUCTION: Several victims of Monaco company JP Construction met in Monaco today to consider detailed options following the collapse of the company and the disappearance of its owners. The first step decided at the meeting will be to spread the word in Monaco and across the Riviera in order to find more victims, with a view to appointing a lawyer and seeking legal redress...

Friday, 6 December 2013 10:46 | Author: Ian Brodie

Monaco Government starts JP probe

MONACO NEWS, MONACO BUSINESS: The Monegasque Government is investigating the circumstances surrounding the collapse of JP Construction, the Monaco-registered company that ceased work on its building sites two weeks ago leaving many clients out of pocket and in difficult circumstances. Inspectors have been instructed to visit the firm's offices to ascertain in the first place that it is no longer doing business, the Government says...

Friday, 29 November 2013 6:45 | Author: Ian Brodie

JP victims organise response

MONACO NEWS, JP CONSTRUCTION: Unhappy clients of JP Construction are directing their complaints to the Monaco Police after the Monaco-registered company ceased trading last week. Several customers of the firm appear to have lost large amounts, with total losses reaching seven figures. Meanwhile, the whereabouts of John Olsen and Peer Pedersen remain unknown. The company's mainly Polish workforce was laid off last week without notice and worksites were abandoned during the day on Thursday…

Thursday, 28 November 2013 7:35 | Author: Ian Brodie

Major losses in JP failure

MONACO NEWS, JP CONSTRUCTION: The losses to clients stemming from the collapse of Monaco-registered JP Construction are considerably higher than first feared. Although no total is known at present, one individual client lost a million euros. "I believe they were waiting to cash my cheque," he told Monaco Today

Tuesday, 26 November 2013 19:45 | Author: Ian Brodie

Building firm ceases to trade

MONACO BUSINESS, JP CONSTRUCTION: A building company registered in Monaco has ceased trading, leaving many clients out of pocket and very angry. JP Construction, registered at 20 blvd. Princesse Charlotte, as a Societe a Responsibilite Limitee, has laid off its workforce of about 100, many of them Polish, and no-one is working at the office it shares with another business after the company's secretary left after having to face several angry clients…

Michael Parets of Withers Worldwide to speak at Global High Net Worth 2015

Michael Parets of Withers Worldwide will be one of the main speakers at next week’s Global High Net Worth 2015 event in Monaco, organised by Monaco Life. Michael advises wealth owners, their families and the financial institutions that serve them, including private banks, trust companies, investment advisors and family offices.

His practice is primarily focused on international aspects of US taxation and multi-jurisdictional succession planning, including cross-border advice for Latin American families on matters related to wealth management and succession planning.

Michael also represents individuals and institutions on matters related to US tax compliance, including advising clients on the IRS Offshore Voluntary Disclosure Program (OVDP).

Michael is a frequent speaker at conferences, seminars and workshops on issues related to tax planning for non-US clients with US connections and on the impact of FATCA and tax information exchange agreements on wealth planning structures and financial institutions.

To attend the event in Monte-Carlo, on March 12 and 13, please send an email to Ian Brodie at


Thursday, March 12 and Friday, March 13, at the Salon Bellevue of the Cafe de Paris in Monte-Carlo, a two-day conference of professionals serving the HNW and UHNW sectors. Distinguished speakers from around the world will address the major issues of the moment. Organised by the publishers of More info:
To book a place:


Fraser Yachts chief to speak at Monaco's wealth forum

Roberto Giorgi, a leading figure in the global yachting sector, has been confirmed as a speaker at next month’s Global High Net Worth 2015 event in Monaco, the two-day Conference on March 12 and 13 organised by Monaco Life

Roberto Giorgi joined Fraser Yachts as Executive Chairman in September 2014. A long-term Monaco resident, Giorgi is named in Lloyd’s List One Hundred Most Influential People in Shipping. He remains Honorary President of V-Ships, managers of 1,100 ships.

Giorgi began his career in the maritime world at sea, sailing from Deck Cadet to First Officer before transferring to shore-based roles in 1980. He has held various senior roles within V-Ships and was responsible for launching the V-Ships Leisure brand in the cruise sector as well as running the V-Ships management operation from its Monaco office.

Fraser Yachts is the world’s leading full-service yachting company.

For more information about the Global High Net Worth 2015 event, please visit To attend the Conference, please email Ian Brodie at