Interim Measures by Mainland China Courts Applicable to Hong Kong-seated Arbitrations
The Interim Measures Arrangement marks a new milestone in the Governments’ effort in safeguarding interests of arbitration parties.
The Interim Measures Arrangement marks a new milestone in the Governments’ effort in safeguarding interests of arbitration parties.
Valuation of artworks is the first step that an investor should think about as it has deep consequences in wealth and estate planning, as well as in case of future divorce proceedings.
Common issues for art law include valuation, how to protect and acquire ownership of Intellectual Property Rights in art, cross-border transfer and more.
A brand-new interest in art as an asset class has pushed growth in the Chinese art market and High Net Worth Individuals in China have begun to invest in art as an asset
It is reassuring for settlors to know that the Hong Kong courts hold professional trustees to a very high standard when exercising their fiduciary duties. Strong protection from the courts may be another reason why professional trustees may be preferred.
If you would like to carry on your family business for successive generations and you feel that the retention of such shares is of utmost importance and that you do not want a third-party trustee to interfere with the management of the business, then a PTC or a VISTA Trust may be the solution for you.
The major hurdle is finding the right trustee since there is no standard answer as the wishes of the settlor, family circumstances and asset picture or holding structure can all affect the choice of trustee.
There are different types of trusts for different purposes depending on the settlor’s needs and goals, while the essential characteristic of all trusts is the separation of legal and beneficial ownership.
In the modern days when even chivalry has been pronounced dead by many, trusts remain relevant, especially for those who wish to protect family wealth and plan for succession.
While abuse cases reporting in Hong Kong is on the increase, statistical figures are just the tip of the iceberg of what’s really happening. Injunctive relief is only part of the solution with much more to do left to social policies and legislation.
Sometimes the judgements can only be satisfied after they are enforced, and the winning party has different options how to do this in Hong Kong.
Basic 101 guide to litigation in Hong Kong: before and during the trial, including the eventuality of appeal and guidance about legal costs.
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