Hong Kong is a conundrum. It's a regional centre for wealth management, yet it utilizes foreign companies and trusts rather than its own. It is a model of capitalism, yet it's part of China. Its future is uncertain, yet is maintains its strong regional presence. Recent times have been turbulent yet business continues as usual. Despite all of these contradictions, Hong Kong remains remarkably successful in the wealth management space. The speaker will provide his insights to explain these features, discuss the pros and cons of Hong Kong from a wealth management perspective, and address the thorny issue of 2047.

Deep dive into the correct methods behind bringing a trust to an end, and all of the issues relevant to a termination.

• Do the obligations differ and how do you interpret the requirements? What will the information gathered be used for?
• Identifying potential exposure and the practical steps that can be taken next to minimise risks

Since the time of Banks v Goodfellow (1870) LR 5 QB, challenges concerning testamentary capacity have been a common issue arising before the courts. The Court of Final Appeal has recently provided guidance on testamentary capacity in the case concerning the estate of Au Kong Tim in FAMV No. 47 of 2018, which affirmed the views of the Court of Appeal in CACV No. 177 of 2017.
This seminar will cover the mental capacity and its practical issues when practitioners are drafting and attesting Wills for the elderly and vulnerable; and issues regarding instruction of medical practitioners in assessing testamentary capacity will also be discussed.

Questions remain as to whether the information on the registers will become publicly available and, if so, on what conditions and to what extent:

• Who are the beneficial owners of a company when a trustee of a trust directly or indirectly owns the company
• Differences between the approaches of each of the UK, Overseas Territories and Crown Dependencies
• How is it affecting planning?

• The recent impact of challenges to legal professional privilege
• Multi-jurisdictional analysis of losing legal privilege across the US, UK offshore and civil jurisdictions
• Situations in which privilege can be eroded

In this lively session the panel will examine prevalent cases which have recently erupted from around the world, considering the following impact on your practice and clients in Asia:

• Prevention planning
• Identifying the risk factors
• Reputational issues to consider