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What standing does a bankrupt beneficiary have to request and receive information about a trust?
In Erceg v Erceg[1] the New Zealand Court of Appeal ruled on the standing of bankrupt beneficiaries to bring claims against trustees. In …
Valuable guidance on recovering costs after the removal of an invalidly appointed trustee
In a recent decision of the Royal Court of Jersey (In the Matter of the Piedmont Trust and the Riviera Trust [2016] JRC016), the Court delivered its …
London High Court considers defence of illegality in claim for beneficial ownership
In Hniazdzilau v Vajgel [2016] EWHC 15 (Ch), the English High Court held that a claim for beneficial ownership in a company was not defeated by a defence …
English High Court considers circumstances in which a beneficiary can sue on behalf of an un-administered estate
In Haastrup v Okorie [2016] EWHC 12 the English High Court held that a beneficiary was not entitled to sue on behalf of a deceased's estate where a …
Law Commission (England and Wales) to reconsider will-making regime
The England and Wales Law Commission is considering plans to reform the will-making regime, including the rules for validity of wills and testamentary …
The High Court of England and Wales denies full recovery of trust litigation costs where co-claimants had separate representation
In Ong & Ors v Ping [2015] EWHC 3258 (Ch), the High Court of England and Wales (Chancery Division) limited the legal costs recoverable by a mother …
The Proposed Automatic Exchange of Financial Information by the Inland Revenue Department with other Governments
The Hong Kong Government proposes to introduce draft legislation early this year in respect of a new information collecting regime from banks, …
Hong Kong's profits tax exemption for offshore private equity funds
From 1 April 2015 an existing profits tax exemption benefiting non-residents ("offshore funds") was extended to effectively allow offshore private equity …
New safeguards needed for Hong Kong's aged dementia sufferers
As Hong Kong’s population ages and the incidence of dementia increases, the need for effective and efficient long-term care and support systems for …
The insolvent oligarch: the English High Court provides much needed guidance on quantifying liabilities in a deceased insolvent's estate
In Lockston Group Inc v Nicholas Stewart Wood [2015] EWHC 2962 (Ch), the English High Court held that foreign currency claims and claims for interest in …
Hong Kong Court refused to make a grant of administration ad colligenda bona for lack of special circumstances and special justification
In Re Oung Chi Lian Fang (HCMP2347/2015), the Hong Kong High Court refused an ex parte application for a grant of administration ad colligenda bona under …
Where's Wally – what happens when a trustee cannot locate the beneficiaries?
In Wah Ying Cheong Co Ltd v Chan Kwok Ping & Ors [2015] HCMP 3059C/1997, the Court held that where a trustee is unable to locate beneficiaries under …
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