Tag Archives: Fiduciary duties

Hong Kong Court of Final Appeal decides on directors’ duties and conflict of interest amid sushi and noodles

The Hong Kong Court of Final Appeal (CFA) has, in Poon Ka Man Jason & Ors v Cheng Wai Tao & Others, brought some closure to the long running dispute between siblings Jason and Daisy Poon and Ricky Cheng as … Continue reading

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Filed under Hong Kong

New safeguards needed for Hong Kong’s aged dementia sufferers

As Hong Kong’s population ages and the incidence of dementia increases,  the need for effective and efficient long-term care and support systems for the elderly is becoming more critical. Particularly under the spotlight is the protection and management of a … Continue reading

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Filed under Hong Kong, Private wealth and trusts

Hong Kong court dismisses investor’s counterclaim against bank for mis-selling of financial products

The Court of First Instance has recently handed down its judgment in DBS Bank (Hong Kong) Limited v Sit Pan Jit (HCA 382/2009).  This case concerns a claim by DBS Bank (Hong Kong) Limited (DBS) against its former customer, Sit … Continue reading

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Filed under Contract, Financial Services Regulation, Hong Kong

Hong Kong court rules on estate administrator’s breach of fiduciary duties

In Tang Ying Loi v. Tang Ying Ip alias Tang Ying Yip and others (HCA 2487/2009), the Court of First Instance held that the defendants, who were appointed as estate administrators, breached their fiduciary duties by (i) unlawfully withdrawing money … Continue reading

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Filed under Hong Kong, Private wealth and trusts

English Court of Appeal confirms account of profits available as remedy for dishonest assistance

Some, if not quite born trustees, are appointed as such at the outset of a trust. Some achieve trusteeship at some later stage. And some have some aspects of trusteeship thrust upon them. Within this third category are strangers to … Continue reading

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Filed under Private wealth and trusts