UBS unveils family trust solutions in China
It is reportedly the first foreign bank to provide the services onshore
It is reportedly the first foreign bank to provide the services onshore
It will provide advice on a range of issues including succession planning and cross-border estates
But only 14% are aware of the rules on IHT liabilities
Firm has an ‘ambitious expansion strategy’ with plans to create an ‘international’ group
Company ‘identified a wish’ among private clients to work with a independently-owned business
Not all roads lead to court but litigation can be necessary
Proceeds will be used to ‘fund organic growth opportunities and further support’ its M&A strategy
‘Clients rightly have an expectation of privacy in the conduct of their financial affairs’
Clients will ‘embrace having their assets protected’ in the country opposed to other ‘offshore centres’
Investors ‘have a new structure in which to hold their assets efficiently and with full legal recognition’
Disputes can turn ugly if wishes are unclear, as evidenced by one particularly grisly showdown in Taipei
‘Case is a cautionary tale’ as brother ordered by court to pay back £1.7m