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The Settlor's surviving spouse subsequently decided that she no longer wished to use the family home as her personal residence and, together with the rest of the family...

With Asia driving the global economy, the wealth management industry in Singapore is currently witnessing a huge increase.

The Companies, Business Trusts & Other Bodies (Miscellaneous Amendments) Bill was passed by Parliament on 9 May 2023.

A trust is best described as a relationship; an arrangement under which assets are transferred from one person (the settlor) to another person or entity (the trustee)

On 15 December 2022, the Ministry of Law ("MinLaw") announced that various COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings) Orders which enable various...

I looked at the risks to which settlors of trusts in Singapore can be exposed if they take advantage of Section 90(5) of the Trustees Act to reserve for themselves "any or all powers of investment or asset management functions".

On 12 September 2022, the Business Trusts (Amendment) Bill ("Bill") was tabled in Parliament for First Reading. The Bill seeks to amend the Business Trusts Act 2004 ("BTA")...

Singapore is increasingly considered by HNWIs worldwide as the preferred location for trust setups.

Here, Carey Olsen managing partner Anthony McKenzie and counsel Rachel Yao from our Singapore office reflect on Singapore's legal landscape, discussing the considerations for foreign law firms...

The tax treatment of Singapore trusts is dependent on the residency of the trust.

The COVID-19 crisis fallout has caused Asian high net worth (HNW) families to rethink their business continuity plans and has acted as a catalyst for many to take stock of their wealth succession plans.

A well-planned trust structure is an increasingly popular option for high-net-worth Asian families.

Family businesses form the backbone of the Asian economy, with 85% of the companies in the Asia Pacific region owned by a family group.

High-net-worth (HNW) families with personal financial assets between USD1 million and USD50 million and ultra-high-net-worth (UHNW) families...

Asia is now home to more than a quarter of the world's 2,754 billionaires and this portion is predicted to rise to one-third by 2023, according to Wealth-X's 2021 Billionaire Census.

In recent years, there have been several proposed buyout deals involving REITs and Business Trusts, the most recent being the proposed privatisation exercise by Croesus Retail Trust (CRT).

The Singapore High Court has issued a landmark ruling that both rescued a family trust through implied terms and struck down a protector clause for ousting judicial oversight. The decision in Fereydoon Mossanen v Julius Baer Trust Co raises critical questions about the enforceability of arbitration clauses in trust deeds and the limits of protector powers in Singapore trusts.

Entrepreneurial vision, energy and determination may be the key ingredients for initial success in starting a family business.