Legal Professional Courses

23 May 2014

RECENT STATUTORY CHANGES TO HONG KONG'S LAW OF TRUSTS

Speaker:  Mr. Steven Gallagher, Associate Professor in Practice of Law, The Chinese University of Hong Kong

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

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 change.







Course Outline: 

  • The introduction of a Statutory Duty of Care for trustees
  • Restrictions on forced heirship
  • Changes to Statutory Powers of Delegation
  • Professional trustees’ remuneration
  • Trustees’ power to insure trust property
  • the use of exclusion of liability clauses 
  • the power of beneficiaries to retire trustees and nominate new trustees
  • The abolition of the rule against perpetuities
  • The abolition of the rule against excessive accumulation of income; and
  • The abolition of the rule against inalienability.

If you are interested in this seminar, please go to our website www.hklpc.com to have more information and get the application form.

 

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