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
Never content to be left out of the competition for wealth management of ultra-high-net-worth families from Singapore and Dubai, Hong Kong recently enacted a new tax concession regime (Inland Revenue (Amendment) (Tax...more
11/28/2023
/ Cayman Islands ,
Estate Planning ,
Family Trusts ,
Holding Companies ,
Hong Kong ,
Investment Funds ,
Investment Management ,
Investment Schemes ,
Private Equity ,
SFO ,
Singapore ,
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