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Advised an ultra-high-net worth Hong Kong family on the set-up, under Jersey law, of various family and baby trusts to hold financial assets, properties (in Hong Kong and the United Kingdom) and listed company shares for asset protection on behalf of the children. Drafted pre-nuptial agreements and advised on the effectiveness of such agreements in Hong Kong as well as the treatment of trust assets on divorce.
Advised a Hong Kong entrepreneur on the set up of a pre-IPO trust with application of the Virgin Islands Special Trust Act (VISTA) provisions to hold shares in his company which was to be listed on the Hong Kong Stock Exchange (HKEX). Helped to devise guidelines on the membership to, and succession mechanism for, a committee with powers to appoint directors to the VISTA company; advised on the HKEX disclosure requirements for parties involved with the trust; further advised on the distribution mechanism for the minor beneficiary, as well as revised the Memorandum and Articles of Association of companies held directly and indirectly by the trust to enable tighter control.
Advised a Hong Kong client on the use of a trust governed by Hong Kong law to hold her business for succession planning; assisted with the formation of a Hong Kong company as private trust company to act as trustee of the family trust; as well as advised on the succession mechanism for membership to the trustee company.
Hong Kong, 1995
England & Wales, 1995
‘Implementation of Common Reporting Standard in Hong Kong - Implications for Family Trust with a Private Trust Company as Trustee’, Lexology - Dec 2016
‘Wealth and Succession Planning: Lessons Learned From the Winding Up of Yung Kee Holdings Limited’, Lexology - Mar 2016
‘What does "property under my name" really mean?’, Lexology - Dec 2015
‘Passing your estate to a discretionary trust by will - pitfalls to avoid’, Lexology - Oct 2015
Society of Trust and Estate Practitioners (STEP), Hong Kong
Hong Kong Ballet Company, Governor and Honorary Secretary
Hong Kong Ballet Group, Board member
Agricultural and Fisheries Department of the Hong Kong SAR Government , Advisory Committee
War Memorial Pensions Appeal Board of the Hong Kong SAR Government, member
‘A Panel Discussion on Divorce - Proofing and Trust - Busting: Practical Measures for Trustees’, STEP, Hong Kong - Nov 17, 2015
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