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Dawn raids – how to prepare for the unexpected
The continuing focus and scrutiny of regulators and law enforcement agencies on countering anti-money laundering and counter-terrorist financing …
FATCA: First-ever conviction signals increased enforcement risk
The former CEO of Saint Vincent-based Loyal Bank pleaded guilty and was convicted on 11 September of conspiring to defraud the United States by failing …
NEW ZEALAND COURT OF APPEAL PROVIDES GUIDANCE FOR THE TEST OF RECTIFICATION OF A VOLUNTARY SETTLEMENT AND FINDS THE USE OF THE "BACKDOOR" METHOD TO BE AN ABUSE OF PROCESS
In the two cases set out below, the New Zealand Court of Appeal considered the circumstances in which there may be rectification of a deed entered into …
Australian tax law bites trust law on franking credits
The High Court of Australia has restored sanity in a long running saga in which a trustee purported to separate franking credits from the underlying …
English High Court finds son entitled to family farm based upon proprietary estoppel
In Thompson v Thompson [2018] EWHC 1338, the High Court in London ruled in favour of a son who sought a declaration based on proprietary estoppel that …
Australian Board of Taxation reviews residency test for individuals
On 9 July 2018, the Board of Taxation (the "Board") released its self-initiated report ‘Review of the Income Tax Residency Rules for Individuals’ (the …
English High Court considers scope of beneficiaries right to request information from trustees
In the recent case of Lewis v Tamplin ([2018] EWHC 777 Ch) the London High Court was asked to exercise its jurisdiction to supervise trustees in the …
Herbert Smith Freehills Private Wealth Seminar - Jersey, 10 July 2018
Herbert Smith Freehills LLP is pleased to announce that we are holding a Private Wealth Seminar at lunchtime on 10 July 2018 in Jersey. …
New Zealand Court of Appeal grants reverse summary judgment in claims for dishonest assistance against solicitor
In McKay & Ors v Sandman [2018] NZCA 103, the New Zealand Court of Appeal granted a claim for summary judgment in relation to claims brought on the …
NEW ZEALAND COURT GRANTS INTERIM ORDER TO PREVENT CREMATION AFTER WEIGHING BALANCE OF CONVENIENCE
In Clark v Cottingham [2018] NZHC 773, the New Zealand High Court considered an oral and without notice application for an interim order to prevent a …
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 …
Cayman court rejects request to appoint receivers over a discretionary trust interest
The Grand Court of the Cayman Islands has held that a discretionary interest under a Cayman Islands law trust is not an asset over which a receiver can …
Showing 204 out of 362 results
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Richard Norridge
Partner, Head of Private Wealth and Charities, UK and EMEA, London
Anna Sutherland
Partner, Sydney