Just when trustees are feeling safe to go back into the water after the Hong Kong Court of Final Appeal spoke in Zhang Hong Li v. DBS Bank (Hong Kong) Ltd [2019] along comes Ivanishvilli v. Credit Suisse Trust Ltd [2023]...more
3/25/2024
/ Asset Management ,
Breach of Duty ,
Business Litigation ,
Corporate Governance ,
Fiduciary Duty ,
Financial Institutions ,
Hong Kong ,
Immunity ,
Investment Management ,
Investment Portfolios ,
Portfolio Managers ,
Trustees ,
Trusts ,
Wealth Management
News in the Chinese sensationalist media sent a shuddering ripple across many estate planners in China and Hong Kong concerning the viability of offshore trusts: a receiver had been appointed over bank accounts held in the...more