Welcome to Herbert Smith Freehills' monthly private wealth
industry updates in Asia.
Every month we survey ten Asian jurisdictions for legal
developments concerning trust and estate planning which are of
interest to the private wealth industry, and provide a succinct
summary in a table format. The jurisdictions covered in the
update are Hong Kong, Singapore, China, Taiwan, Japan, India,
Malaysia, Indonesia, Thailand and the Philippines. We hope that
these updates will prove to be a useful resource to keep private
clients, business people, and lawyers abreast of legal updates in
the region.
Hong Kong
HKEX issues guidance letter regarding SPAC escrow
accounts
The Hong Kong Exchanges and Clearing Limited (HKEX) issued a
guidance letter on the qualifications and obligations of a trustee
or custodian regarding the operation of the escrow account of a
special purpose acquisition company (SPAC) under Rule 18B.17 of the
Main Board listing rules. The guidance
