Hong Kong and Singapore

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

Hong Kong Court of Appeal affirms law on express, constructive and resulting trust

The Hong Kong Court of Appeal ("CA") in Ip Fung Kuen v Sam Kee Frozen Meat Co Ltd and others (CACV 107/2016) recently affirmed the well-established principles of express, constructive and resulting trust under Hong Kong law. As well as … Continue reading

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Filed under Hong Kong and Singapore, Private wealth and trusts

Government launches consultation on enhancing transparency of beneficial ownership of Hong Kong companies

The Government has launched a two month consultation exercise on proposals to enhance the transparency of beneficial ownership of Hong Kong incorporated companies. This is part of a number of reform proposals aimed at bringing Hong Kong in line with … Continue reading

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Filed under Hong Kong and Singapore, Private wealth and trusts

Court of Appeal considers dispute over mother’s mental capacity

The Court of Appeal of Hong Kong has recently upheld a decision appointing a son to be the Committee to take care of his incapacitated mother's affairs[1]. This was despite protest from the son's sibling, who claimed the son was … Continue reading

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Filed under Hong Kong and Singapore, Private wealth and trusts

Family dispute over the setting-up of a trust rejected because plaintiff consented to the trust at the time of establishment

In a recent case, the Singapore High Court has held that a plaintiff's agreement to the setting-up of a trust to protect a family's wealth (including the assets of a deceased family member) was a valid defence for a defendant … Continue reading

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

Hong Kong Court rejects case that shares were held on trust, finding that evidence adduced was inconsistent

The Hong Kong High Court has recently held that Eric Hotung had not imposed a trust in his favour when he gave HK$2,000,000 to Ho Yuen Ki in 1961 for the purchase of shares in a Macau gambling business.1 Whilst … Continue reading

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Filed under Hong Kong and Singapore, Trust disputes