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Legal Professional Courses

RECENT STATUTORY CHANGES TO HONG KONG’S

LAWS OF TRUST (Ref: TL0514)

 

Speaker:

Mr. Steven Gallagher, Associate Professor in Practice of Law

 

 

Date: 23 May 2014 (Friday)       Fee: HK$1,200                   CPD Points: 3 CPD points

Time: 2:30pm to 5:45pm                 Level: Intermediate      Language: English

Venue: United Conference Centre, 10/F., United Centre, 95 Queensway, Admiralty, Hong Kong

 

Speaker:

Steven Gallagher, Associate Professor in Practice of Law, The Chinese University of Hong Kong

Steven Gallagher was awarded a first class LL.B. He was called to the Bar of England and Wales in 2006 by Gray’s Inn. Steven has taught Equity and Trusts, Land Law and Company Law at undergraduate level and International Corporate Liquidation and International Corporate Governance at masters’ level in England and Hong Kong.  Steven teaches the Equity and Trusts courses for undergraduate students and the Principles of Equity and Trusts course on the Juris Doctor course at the Chinese University of Hong Kong. Steven’s research interests include equity and the law of trusts, cultural heritage law and legal history, and he has published articles on equity and the law of trusts, cultural heritage law, and the law and the dead, and books on equity and the law of trusts and business law.  He is currently researching into the origins of the law of trusts.

 

Course Objective:

This three hour seminar will consider the changes to Hong Kong’s trust law that came into effect on 1st December 2013.  On 1 December 2013 the Trust Law (Amendment) Ordinance 2013 amended the Trustee Ordinance (Cap.29) and the Perpetuities and Accumulations Ordinance (Cap. 257). Among the important amendments to Hong Kong’s trust law will be the introduction of a statutory duty of care for trustees, changes to the statutory powers of delegation of the trustee’s duties, the restriction of exclusion of liability clauses by trustees, and the abolition of the rule against perpetuities This seminar will consider the existing trust law in these areas and the effect of the statutory changes.

 

Course Outline:  

 

Recent Statutory Changes to Hong Kong's Law of Trusts 

Ø   The introduction of a Statutory Duty of Care for trustees

Ø   Restrictions on forced heirship

Ø   Changes to Statutory Powers of Delegation

Ø   Professional trustees’ remuneration

Ø   Trustees’ power to insure trust property

 

 

 

 

Ø   the use of exclusion of liability clauses 

Ø   the power of beneficiaries to retire trustees and nominate new trustees:

Ø   The abolition of the rule against perpetuities;

Ø   The abolition of the rule against excessive accumulation of income; and,

Ø   The abolition of the rule against inalienability.

 

Application Form

Course: Recent Statutory Changes to Hong Kong's Law of Trusts  (Ref: TL0514)

 

 

Name:_______________________________  Firm/Company:____________________________________ Post:_____________________

 

 

Year of Admission:______________________ Tel:__________________________ Email:_________________________________

 

 

Signature:__________________________________(by signing this form, you agree to the booking terms and conditions set out below)

 

Booking Terms

1. You may apply to our course by sending to us (by fax/email followed by post) a duly completed application form and a cheque in the sum of the relevant course fees. We will confirm to you in writing via email or fax when your application is accepted by us (“a booked course”).

2. If you cannot attend a booked course, your written notification must be received by us 2 business days before the date of the booked course and you may either: a. transfer your booking to a replacement delegate; or b. transfer, up to 2 times, your booking to another course organized by us of same value within 6 months of your written notification. Otherwise the course fee paid will be forfeited. No refund will be arranged in any event.

 

3. We may reschedule, vary details of, cancel, or change/replace the speaker(s) of a course, at any time without liability. If we cancel or reschedule the course (with the exception of bad weather) a credit voucher will be issued or course fees refunded

4. We reserve the right to change the venue of the course at our absolute discretion

5. The course will be cancelled if a No. 8 typhoon signal or black storm warning is raised within 2.5 hours before the start of course registration or during the course. In the event of cancellation due to bad weather, the course may be rescheduled at our discretion, or a credit voucher may be issued. No refund will be given.

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For enrolment, please send a duly completed Application Form together with a cheque in the sum of

 HK$1,200  to “Legal Professional Courses Limited”

Address: P.O. Box no. 3567, General Post Office, Hong Kong  Fax: 3007 9137 Tel: 3749 9177 Email: info@hklpc.com