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Welcome to Herbert Smith Freehills’ monthly private wealth industry updates in Asia. Every month we survey ten Asian jurisdictions for legal developments concerning trust and estate planning which are of interest to the private wealth industry, and provide a succinct summary in a table format. The jurisdictions covered in the update are Hong Kong, Singapore, … Read more
Proprietary estoppel arises in the context of property and creates a proprietary interest in that property in circumstances where: (i) a promise in respect of the property is made to by one person to another who relies upon the promise to their detriment; and (ii) there is a failure to keep that promise that causes … Read more
Jersey law ruling will have far reaching ramifications for trust administration in common law jurisdictions The Judicial Committee of the Privy Council (the Privy Council) in Equity Trust (Jersey) Ltd (Respondent) v Halabi (in his capacity as Executor of the Estate of the late Madam Intisar Nouri) (Appellant) (Jersey) ITG Ltd and others (Respondents) v Fort … Read more
Welcome to Herbert Smith Freehills’ monthly private wealth industry updates in Asia. Every month we survey ten Asian jurisdictions for legal developments concerning trust and estate planning which are of interest to the private wealth industry, and provide a succinct summary in a table format. The jurisdictions covered in the update are Hong Kong, Singapore, … Read more
If you start a claim in England against a party in another country, you usually need the Court’s permission to serve the claim on them. The court rules set out the bases on which you can apply for permission. This is the first step when serving a claim. The Civil Procedure Rule Committee has approved … Read more
The High Court has recently found that an executor was in contempt of court and sentenced him to a 4-month custodial sentence. The executor had failed to comply with a court order which had the effect of keeping the beneficiaries out of their share of the estate for almost three years. The judgments in Totton … Read more
The County Court has recently examined the law on mutual wills as well as providing a brief reminder of the law of testamentary capacity and undue influence. This decision provides a helpful summary of the law on mutual wills and explains the requirements and formalities in order to create a mutual will. Simply put, mutual … Read more
Welcome to Herbert Smith Freehills’ monthly private wealth industry updates in Asia. Every month we survey ten Asian jurisdictions for legal developments concerning trust and estate planning which are of interest to the private wealth industry, and provide a succinct summary in a table format. The jurisdictions covered in the update are Hong Kong, Singapore, … Read more
Welcome to Herbert Smith Freehills’ monthly private wealth industry updates in Asia. Every month we survey ten Asian jurisdictions for legal developments concerning trust and estate planning which are of interest to the private wealth industry, and provide a succinct summary in a table format. The jurisdictions covered in the update are Hong Kong, Singapore, … Read more
