Private Wealth and Trust Disputes Notes

Beware the conditional gifts – High Court rules children of beneficiary take gift subject to conditions subsequent in will despite lack of knowledge

A recent decision of the High Court clarified that where a beneficiary of a will predeceases the testator and the gift vests in the beneficiary's …

FATF Guidance in relation to the Risk Based Approach for Trust and Company Service providers – helping TCSPs design effective measures to manage money laundering/terrorist financing risks

The Financial Action Task Force (FATF) published updated guidance in relation to the Risk Based Approach (RBA) for Trust and Company Service Providers …

UK: Charity Commission freezes bank accounts pending investigation into grant-giving charities with common trustees

English court clarifies meaning and effect of "serious harm" requirement under Defamation Act 2013

The Supreme Court has held that the requirement to show “serious harm” under section 1(1) of the Defamation Act 2013 (the "2013 Act") not only raises the …

Private jets and yachts - issues and pitfalls

In this edition of the private wealth webinar series, our speakers provide specialist insight into the key issues which arise for ultra-high net worth …

Directors' company obligations trump family interests

(Great) legitimate expectation(s)?

Private equity and owner managed companies

In this webinar, specialists from our private wealth team will work through private equity options for family companies and owner managed businesses and …

Don't forget stamp duty - lessons on Stamp Duty Liability in Hong Kong for deceased estates

Inheritance tax has been abolished in Hong Kong since 2005. However, two recent decisions illustrate that tax liability may arise in the form of stamp …

Court of Appeal confirms test for dishonesty in dishonest assistance claims

In Group Seven Limited & Ors v Notable Services LLP & Ors [2019] EWCA Civ 614, the English Court of Appeal held inter alia (overturning a first …

Director of private trust company held personally liable for costs in trust dispute

In Guest v Guest & Ors [2019] NZCA 64, the New Zealand Court of Appeal (overturning a first instance decision) held that the appellant's costs should …

The Cup Trust: The Charity Commission demonstrates a robust regulatory approach with regard to tax planning arrangements

Earlier this year, the Charity Commission (the "Commission") published the results of its inquiry into The Cup Trust, a charity which participated in a …