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China Has Released Guidelines on Outbound Investment

Four key Chinese authorities, i.e. the National Development and Reform Commission (NDRC), the Ministry of Commerce (MOFCOM), the People’s Bank of China (PBOC) and the Ministry of Foreign Affairs (MFA), jointly issued the Notice on Further Guiding and Regulating the … Continue reading

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Australian Tax Office takes action on assurance for Private Groups

The Australian Tax Office’s ("ATO") focus on large privately owned and wealthy groups ("Private Groups") is in full swing with no sign of slowing down in the 2017 year. With the top 320 large Private Groups holding A$112 billion of net … Continue reading

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Filed under Australia, Tax, Uncategorized

France’s Trust Ownership Registry

According to French law, as a trustee (officially referred to as an "administrator"), you may have a disclosure obligation to the French Tax Administration that involves two declarations: an annual declaration (2181-TRUST 2 Form) including an inventory of the net … Continue reading

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Jersey court exercises its power to set aside the actions of a settlor and ratify those of a purported trustee

In the recent decision of the Royal Court of Jersey In the Matter of the Z Trust [2016] JRC 048, the Royal Court declared voidable and set aside the appointment of trustees based in the UK by the settlor of … Continue reading

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Filed under Offshore, Private wealth and trusts, Trust disputes, Uncategorized

Herbert Smith Freehills publishes final White Paper – “Trusts – Where are we now?”

Herbert Smith Freehills has published the final of our white papers in the run-up to the Transcontinental Trusts: International Forum 2016, taking place in Bermuda on 9 & 10 May 2016. Herbert Smith Freehills is the Thought Leadership Partner to the … Continue reading

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Filed under London, Offshore, Private wealth and trusts, Uncategorized

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 and Singapore, Uncategorized

English Court of Appeal confirms wide jurisdiction in divorce case

The English Court of Appeal in Sekhri v Ray ([2014] EWCA Civ 119) confirmed that a husband and wife were both legally domiciled in England, despite the fact that the couple had married in India and lived in Singapore since they … Continue reading

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Filed under Private wealth and trusts, Uncategorized

The Year of the Dragon – a litigator’s review of key cases and developments

As the Year of the Dragon draws to a close we summarise in this e-bulletin some key cases and developments which are likely to be of interest to clients. We also provide (in so far as possible) an indication of … Continue reading

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Filed under ADR, Contract, Disclosure, Employment, Funding, Hong Kong and Singapore, Interim applications, Private wealth and trusts, Reviews, Uncategorized