Private Wealth and Trust Disputes Notes

LANDMARK UK SUPREME COURT RULING HOLDS THAT MEMBERS OF CHARITABLE COMPANIES HAVE FIDUCIARY DUTIES AND FALL WITHIN THE COURT’S JURISDICTION

The UK Supreme Court has held that members of charitable companies have fiduciary duties and that the court has jurisdiction to direct members of a …

APAC Monthly Private Wealth Legal Developments - July 2020

Welcome to Herbert Smith Freehills' new monthly private wealth industry updates in Asia. Every month we survey ten Asian jurisdictions for legal …

APAC Monthly Private Wealth Legal Developments - June 2020

Welcome to Herbert Smith Freehills' new monthly private wealth industry updates in Asia. Every month we survey ten Asian jurisdictions for legal …

REGULATORY COMPLIANCE IN FOCUS

High Court offers sympathy but no remedy to trustee facing unexpected tax bill

In Mackay v Wesley [2020] EWHC 1215 (Ch), the Claimant, who was instructed by her father to become a trustee of a family trust as part of a tax scheme, …

ANTI-MONEY LAUNDERING IN FOCUS

Private Wealth & Charities Podcast EP11: Trust Companies Survey – Anti-Money Laundering

Tax Treaty Interpretation: The Limits of Fiction

In Fowler v HMRC [2020] UKSC 22, the Supreme Court determined that a statutory fiction created by a deeming provision of UK tax law did not affect how …

Cyber security in focus

Private Wealth & Charities Podcast EP10: Trust Companies Survey – Cyber security

APAC Monthly Private Wealth Legal Developments - May 2020

Welcome to Herbert Smith Freehills' new monthly private wealth industry updates in Asia. Every month we survey ten Asian jurisdictions for legal …

HSF TRUST COMPANIES SURVEY - TAX INSIGHTS