Start a conversation ↗

Description

Usufruct and Bare Ownership – Level 2: Advanced Structuring, Trade-Offs and Risk Control

Handle complex split-ownership situations: quasi-usufruct, corporate shareholdings and contentious exits

  • 1 day — 7 h
  • In-person or virtual
  • Expert
  • Up to 6 participants

Beyond standard arrangements, splitting ownership between usufruct and bare ownership creates situations that basic tools do not resolve: quasi-usufruct over a sum of money with no written agreement, transfer of the split onto a replacement asset, distribution of reserves in a company whose shares are held under split ownership, or a disposal by holders who no longer pursue the same objective.

This one-day programme extends Level 1 into these demanding areas. It is built around complete client files and addresses the drafting of the agreements that prevent a structure from being challenged and that avoid disputes between holders of rights.

Learning objectives

  • Qualify a quasi-usufruct and organise the restitution claim by written agreement
  • Secure the transfer of the split onto new assets on a disposal or reinvestment
  • Handle split ownership of company shares where reserves are distributed
  • Weigh temporary usufruct, sale of bare ownership and successive gifting arrangements
  • Anticipate the grounds on which a split-ownership structure may be challenged
  • Organise the unwinding of the split where holders disagree

What makes this programme different

Work on complete, complex client files rather than isolated textbook cases
Guided drafting of quasi-usufruct and reinvestment clauses with commentary
Analysis of the warning signs that make a structure vulnerable under review

Programme

1Quasi-usufruct and the restitution claim

Framing usufruct over consumable assets

  • Identifying the situations that give rise to a quasi-usufruct
  • Content of the agreement and evidence of the restitution claim
  • Guarantees required from the quasi-usufructuary and use of the funds
  • Treatment of the restitution claim on the death of the usufructuary
  • Consequences of the absence of any written formalisation

2Split ownership and companies

Running a company whose shares are held under split ownership

  • Allocation of voting rights between usufructuary and bare owner by type of resolution
  • Allocation of profit and distribution of reserves built up before the split
  • Articles of association adapted to shares held under split ownership
  • Contribution of a split-ownership asset to a company and transfer of the split
  • Disposal of split-ownership shares and allocation of the proceeds

3Trade-offs, exits and risk control

Choosing the arrangement and preparing its conclusion

  • Comparison of arrangements according to the objective pursued and the time horizon
  • Reinvestment of sale proceeds and preservation of each party's rights
  • Early termination by waiver or by reunification of the rights
  • Preventing and resolving disagreements between holders
  • Documenting the arrangement and ensuring consistency across successive deeds

Who is it for

Wealth advisers, accountants, private wealth lawyers and notarial professionals already familiar with split-ownership arrangements.

Prerequisites

A working command of the basic mechanics of split ownership and of usufruct valuation methods.

Dates & locations

36 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.