APAC Monthly Private Wealth Legal Developments – June 2023

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

New UK Regulations on Russian Sanctions – Trusts Services

On 15 December 2022, the UK published the Russia (Sanctions) (EU Exit) (Amendment) (No. 17) Regulations 2022 (the “Regulations“) which amend the UK’s principal regulation imposing sanctions on Russia (the Russia (Sanctions) (EU Exit) Regulations 2019 (“Russia Regulations“)). This post just focuses on the impact of the amendments on trusts, however our colleagues in the … Read more

Landmark Privy Council ruling establishes scope and ranking of ex-trustees’ interest in an insolvent trust

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

Maryam Oghanna wins coveted STEP Young Practitioner of the Year Award

Maryam Oghanna, Associate in the firm’s Disputes practice, has won the Young Practitioner of the Year Award at the 15th annual STEP Private Client Awards 2020. The STEP Private Client Awards are seen as the hallmark of quality within the private client industry, and have been described as “…the Oscars of our industry and the one … Read more


The multiplicity of laws to be complied with if trust and company service providers (TCSPs) operate in various jurisdictions, and the ever-changing regulatory landscape more generally can make it difficult for TCSPs to navigate and keep on top of their regulatory compliance obligations. Consistent with this, a clear majority of survey participants cited “general regulatory … Read more