Full Description
There has been insufficient literature focusing on the world-changing rise of Asian wealth. Private wealth in Asia is very substantial, with 33 per cent of the global population of high-net-worth individuals based in Asia. Yet, there is a dearth of legal analysis of Asian wealth, particularly by texts written in English. This collection aims to fill that gap, with chapters on legal issues in relation to Asian wealth transmission, investments in international real estate, familial disputes, family offices and private trust companies. A substantive section of this book also focuses on the changing legal context with chapters exploring trusts and cryptoassets, constructive trust, trustee's discretion and decision-making, changing regulatory environment and abuse of trust structures. This collection of essays on trusts and wealth management presents a focus on Asian wealth and the changing legal context, and follows the related publication, Trusts and Modern Wealth Management (Cambridge University Press, 2018).
Contents
1. Introduction Richard Nolan, Tang Hang Wu, Yip Man and 2. Family trusts today Lady Mary Arden; Section 1. The Rise of Asian Wealth: 3. Asian wealth in the United States: Some legal answers and policy questions Thomas P Gallanis; 4. Regulation of residential property in the west: The impact of Chinese money Edward S W Ti; 5. An Asian approach to mental capacity for wills and lasting powers Lusina Ho; 6. Testamentary freedom and wealth disputes in Hong Kong Rebecca Lee; 7. Crazy rich families in Singapore: Property, trust and business disputes and the incompatibility of English principles Yip Man and Tang Hang Wu; 8. Family offices, private trust companies and trust integrity issues: Problems and solutions Vincent Ooi and Chan Ee Lin; Section 2. The Changing Legal Context: 9. Trusts of cryptoassets Kelvin F. K. Low; 10. Pragmatic modernisation? Judicial directions in trusts and wealth management James Lee; 11. Decision making in trusts - applying Wednesbury reasonableness following Braganza David Pollard; 12. Trustee decision-making in the Australian superannuation context Tobias Barkley; 13. Trusts and UWOs: Unpacking the 'holding' requirement puzzle Simone Wong; 14. Constructive trusts on express trusts: Principles under threat Jessica Palmer; 15. Abuse of trust Graham Virgo.
