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Cases :
HOTUNG v. HO YUEN KI
5 ITELR 556
A bare trustee’s duty is to convey the trust property to the beneficiary upon demand. The rules of equity do not require him to obey other instructions of the beneficiary, except to exercise votes of shares. (But NB this rule may be changed by statute).
HOTUNG v. HO YUEN KI
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HSBC v. SEC. FOR JUSTICE
3 ITELR 763
The Court gave approval to the trustee for placing the investment business of the trust with an associated company. A useful case for the trustee whose trust instrument does not contain an express power to do this.
HSBC v. SEC. FOR JUSTICE
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LI AND OTHERS v DBS BANK (HONG KONG) LTD AND OTHERS
[2019] HKCFA 45
“Anti-Bartlett”
clause effective
.
LI AND OTHERS v DBS BANK (HONG KONG) LTD AND OTHERS
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TANG YING LOI v TANG YING IP
Equity requires the fiduciary to disgorge a private profit
TANG YING LOI v TANG YING IP
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ZHANG HONG LI v DBS
[2018] HKCA 435
An ‘anti-Bartlett’ clause does not exclude the trustees’ supervisory duty.
Ji Zhang and her husband created a Jersey family discretionary trust with DBS Trustee as trustee, owning a BVI company (“Wise Lords”) of which Ji became investment adviser. She pursued a high-risk investment policy, which was initially successful but later disastrous.
ZHANG HONG LI v DBS
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