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

Upcoming webinar – Testamentary freedom – alive & well? Lessons from the UK Supreme Court and across the common law world

On Tuesday 25 April 2017 (9.30am – 10.30am BST/4.30pm – 5.30pm HKT), Richard Norridge, Joanne Caen and Gareth Keillor will deliver a webinar for Herbert Smith Freehills clients and contacts looking at developments in relation to testamentary freedom. The recent decision of … Continue reading

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Filed under Estates disputes, Private wealth and trusts

Court resolves dispute between parties as to who should hold the power to appoint trustees following settlor’s death

The English High Court has recently approved an application to change the provision of a trust deed relating to the appointment of new trustees.[1] The change was necessary because the original power was reserved exclusively for the settlor, who had … Continue reading

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Filed under London, 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

Akers v Samba: Trusts over foreign assets

The UK Supreme Court has held that the extinction of a company's beneficial interest under a trust on the transfer of an asset by the trustee to a bona fide purchaser without notice does not constitute a "disposition" under section … Continue reading

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Filed under Private wealth and trusts, Trust disputes

Is a register of beneficial ownership of companies coming?

As part of the global transparency push, the G20 has committed to implement rules requiring the disclosure of beneficial ownership of legal entities (in addition to automatic exchange of financial account information and the BEPS related transparency measures). On 13 … Continue reading

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Filed under Australia, Offshore, 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