Hong Kong and Singapore

HONG KONG COURT OF APPEAL REAFFIRMS NATURE OF BEDDOE APPLICATIONS

The Court of Appeal in Hong Kong has recently reaffirmed the nature of the Beddoe jurisdiction in Jong Yat Kit (as Sole Administrator of the Estate of Li Chung (Deceased) v Lee Man For and Ors (unrep, CACV 147/2017, [2018] … Continue reading

Leave a Comment

Filed under Hong Kong and Singapore, Trustee directions

Hong Kong: New licensing regime for trust and company service providers to come into force on 1 March 2018

The Companies Registry announced on 25 January 2018 that a new licensing regime for trust and company service providers (“TCSPs”) will come into force on 1 March 2018 under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (“AMLO”). A … Continue reading

Leave a Comment

Filed under Hong Kong and Singapore

Regulators around the world become more vocal regarding the potential risks associated with ICOS

On 4 September 2017, seven major regulators governing the finance and technology sectors in China (collectively, the Chinese Regulators), jointly published an announcement prohibiting initial coin offerings (ICOs) in China. The following day, the Hong Kong Securities and Futures Commission … Continue reading

Leave a Comment

Filed under Hong Kong and Singapore, South East Asia

Richard Norridge has been named as a leading lawyer in the Citywealth Leaders List

We are delighted to announce that Richard Norridge, our Head of Trust & Estates Disputes and Head of Private Wealth – Asia, has been named as a leading lawyer in the Citywealth Leaders List.

Leave a Comment

Filed under China, Hong Kong and Singapore, Private wealth and trusts, South East Asia

IFC Awards 2018 – shortlist now released

The IFC Awards 2018 has announced the finalists.  We are thrilled to have been shortlisted in Law firm of the Year – Asia.  There are many other trustees and firms who have been shortlisted across different categories. If you wish … Continue reading

Leave a Comment

Filed under Hong Kong and Singapore, Private wealth and trusts, South East Asia

HKMA and PWMA in Hong Kong collaborate to develop a Treat Customers Fairly Charter for the PWM industry

On 8 June 2017, the Hong Kong Monetary Authority (HKMA) announced that it has been working together with the Private Wealth Management Association to develop a Treat Customers Fairly Charter (the Charter) to further promote a customer-centric culture in the … Continue reading

Leave a Comment

Filed under Hong Kong and Singapore, Private wealth and trusts

OPEN LETTERS REVEAL DISPUTE OVER THE ESTATE OF THE FORMER SINGAPOREAN PRIME MINISTER

On 23 March 2015, Lee Kuan Yew (LKY), the former Prime Minister of Singapore (and father of the current Prime Minister of Singapore, Lee Hsien Loong ("LHL")) passed away, leaving behind a will. The will included a clause concerning LKY's … Continue reading

Leave a Comment

Filed under Hong Kong and Singapore, 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

Leave a Comment

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

Leave a Comment

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

Leave a Comment

Filed under Hong Kong and Singapore, Private wealth and trusts