Hong Kong and Singapore

Regulators around the world become more vocal regarding the potential risks associated with ICOS

On 4 September 2017, seven major regulators governing the finance and technology sectors in China (collectively, the Chinese Regulators), jointly published an announcement prohibiting initial coin offerings (ICOs) in China. The following day, the Hong Kong Securities and Futures Commission … Continue reading

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Filed under Hong Kong and Singapore, South East Asia

Richard Norridge has been named as a leading lawyer in the Citywealth Leaders List

We are delighted to announce that Richard Norridge, our Head of Trust & Estates Disputes and Head of Private Wealth – Asia, has been named as a leading lawyer in the Citywealth Leaders List.

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Filed under China, Hong Kong and Singapore, Private wealth and trusts, South East Asia

IFC Awards 2018 – shortlist now released

The IFC Awards 2018 has announced the finalists.  We are thrilled to have been shortlisted in Law firm of the Year – Asia.  There are many other trustees and firms who have been shortlisted across different categories. If you wish … Continue reading

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Filed under Hong Kong and Singapore, Private wealth and trusts, South East Asia

HKMA and PWMA in Hong Kong collaborate to develop a Treat Customers Fairly Charter for the PWM industry

On 8 June 2017, the Hong Kong Monetary Authority (HKMA) announced that it has been working together with the Private Wealth Management Association to develop a Treat Customers Fairly Charter (the Charter) to further promote a customer-centric culture in the … Continue reading

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Filed under Hong Kong and Singapore, Private wealth and trusts

OPEN LETTERS REVEAL DISPUTE OVER THE ESTATE OF THE FORMER SINGAPOREAN PRIME MINISTER

On 23 March 2015, Lee Kuan Yew (LKY), the former Prime Minister of Singapore (and father of the current Prime Minister of Singapore, Lee Hsien Loong ("LHL")) passed away, leaving behind a will. The will included a clause concerning LKY's … Continue reading

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Filed under Hong Kong and Singapore, Private wealth and trusts

Herbert Smith Freehills awarded “Outstanding Contribution to Thought Leadership Award” at the WealthBriefing Asia Awards 2017

Herbert Smith Freehills was awarded Outstanding Contribution to Thought Leadership at the Fifth WealthBriefingAsia Awards on 1 June 2017. Showcasing ‘best of breed’ providers in the global private banking, wealth management and trusted advisor communities, the awards were designed to … Continue reading

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Filed under Hong Kong and Singapore, Private wealth and trusts

Ilott v The Blue Cross and others – testamentary freedom and financial provision for family members around the common law world

On 25 April 2017 Richard Norridge, Joanna Caen and Gareth Keillor delivered a webinar on the state of the law relating to testamentary freedom and financial provision for family members following the landmark English Supreme Court decision in Ilott v … Continue reading

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Filed under Australia, Estates disputes, Hong Kong and Singapore, London, Private wealth and trusts

Herbert Smith Freehills shortlisted for the WealthBriefingAsia Awards 2017

Herbert Smith Freehills, Chambers Asia-Pacific Law Firm of the Year, has been shortlisted for the WealthBriefingAsia Awards 2017 in two categories: Legal Team – Great China; and Outstanding Contribution to Wealth Management Thought Leadership (Company). Showcasing ‘best of breed’ providers … Continue reading

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Filed under Hong Kong and Singapore, Private wealth and trusts

Widow removed as administratrix after persistent breaches in administering the estate

The Hong Kong Court has recently ordered the removal of an administratrix, who was the widow of the deceased, after finding she had misappropriated and converted the estate to her own use, repeatedly breached Court orders and had failed to … Continue reading

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Filed under Estates disputes, Hong Kong and Singapore, Private wealth and trusts

Deceased’s “husband” and daughter both unable to obtain letters of administration

The English High Court has recently refused to grant letters of administration to a deceased's daughter (the "Claimant") despite her having the highest entitlement to the deceased's estate.[1] The dispute involved a challenge by the alleged widower of the deceased … Continue reading

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Filed under Estates disputes, Hong Kong and Singapore, Private wealth and trusts