The baseless rumors that New Zealand has become a popular location for foreign trusts was debunked in a 2012 online posting by financial expert Geoffrey Cone. As principal of the law firm Cone Marshall, along with principal Karen Marshall, Cone has extensive experience in the industry and with foreign investors. His article, posted on multiple social media sites, detailed the many appeals New Zealand has to investors. These includes the stable economy and legal system, the transparency of the banking institution and a professional infrastructure.
These reasons are also why the Cone Marshall Law firm has also been so successful since it was established in 1999. The firm advises foreign investors and establishes trusts, partnerships and companies for these families. The firm is unique in that it does not seek out individual clients. Instead, it works with family financial advisers, attorneys and others representing families.
Both Geoffrey Cone and Karen Marshall are graduates of the University of Otago, New Zealand. Cone practiced in both Auckland and Christchurch for numerous years until he relocated to the British West Indies for two years where he worked as a litigator. Upon his return to New Zealand he spent two more years in practicing in Auckland before opening his private law firm.
Marshall spent 10 years in London working in the commercial litigation department of a law firm before returning to New Zealand. In 2006, a year after starting at the firm, she was made a principal of the company. Marshall has extensive experience working with trusts and concentrates on drafting documentation and providing advice to clients about their needs.
Cone Marshall specializes in international trust and tax planning and is the only firm in the country to offer only this service. Geoffrey Cone was described in the Law Firm and Experts directory as the quintessential tax lawyer. Both principals believe it is their adherence to providing only the most reliable advice and the highest level of transparency to all of their clients that has made them consistently successful throughout their history. It is this transparency and reliability that Cone believes they share with the financial industry of New Zealand.