Tag Archives: Trust laws reform

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

How should trustees react to foreign divorce proceedings?

In the matter of the Representation of HSBC Trustee International Limited [2011] JRC 167 and [2014] JRC 254A Facts The case concerned a divorcing couple.  The Husband was a successful businessman in Hong Kong operating his business through a large … Continue reading

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Filed under Private wealth and trusts

Hong Kong High Court finds trust on basis of co-habitants’ enforceable oral agreement

The High Court of Hong Kong in Ching Chi Sau v. Yip Woon Yin Judy And Another has found in favour of a non-registered owner claiming beneficial interests in properties against its legal owner. The Defendant, the legal owner of the … Continue reading

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Filed under Hong Kong and Singapore, Private wealth and trusts

Misplaced Trust

At our last private wealth seminar, we took an in-depth look at charities.  A recent UK case has highlighted some of the curiosities which can arise in this context. Back in 1927, the UK national debt reached 160% of GDP … Continue reading

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Filed under Hong Kong and Singapore, Private wealth and trusts

New Hong Kong Trust Law to come into effect on 1 December 2013

On 17 July 2013, the Hong Kong Legislative Council passed the Trust Law (Amendment) Bill 2013, which will come into operation on 1 December 2013. The purpose of the amendments is to modernise Hong Kong trust law, which is considered … Continue reading

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Hong Kong trusts law reform takes a step forward

After a number of years in gestation, the Trust Law (Amendment) Bill was gazetted on 8 February 2013. The Bill is widely regarded as a necessary modernisation of Hong Kong’s trusts laws, which have remained largely unchanged for decades. This was … Continue reading

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Filed under Hong Kong and Singapore, Private wealth and trusts