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What's On

In this webinar, the speakers will explain:

1. What is a family trust?
2. What are the key benefits of a family trust?
3. Comparing and contrasting different trust holding structures.
4. Latest Trends of family trusts – the increasing demand for family trusts being driven by
      (i) Impact of Covid;
      (ii) Increasing number of IPOs on the HK Stock Exchange;
      (iii) China-US conflict driving Chinese companies listed in the US relocating back to HK;
      (iv) Environmental/climate change issues (ESG, green finance/investments, sustainable trusts);
      (v) Immigration planning vs tax planning.
5. Challenges – increasing regulation (AML/CFT, CRS, FATCA, economic substance) and more complex international tax laws.

DISCLAIMER
Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.

Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.

Speaker(s)

Michael Shue, LL.B. CTP, Managing Director of Tricor Trust

Michael is a widely experienced lawyer who has practised for more than 25 years. A large part of Michael's legal practice involves corporate and trust structures, assisting clients with asset protection, estate and family succession and tax planning. Previously, Michael was the Executive Director of a major trust company, providing advice on the structuring, establishment and ongoing administration of onshore and offshore trusts, estate and family succession plans, family office governance, pre-IPO trusts, employee benefit trusts and employee share option plans. He has extensive experience with various onshore and offshore trust jurisdictions, including Hong Kong, Singapore, BVI, Cayman, Jersey, Guernsey, Labuan, New Zealand and Samoa, as well as different types of trust structures.

Michael holds a New Zealand law degree, and is a current Executive Committee member and a former Chairman of the Hong Kong Trustees' Association (“HKTA”). He is Co-chairman of the China Development Sub-Committee jointly set up by the HKTA and STEP Hong Kong. He is also a member of the Hong Kong Trade Development Council Financial Services Advisory Committee and the Hong Kong Monetary Authority’s Process Review Committee.

Yie-ying Tan, Executive Director of Tricor Trust

Yie-ying has a wide range of experience in the financial industry, which includes audit, management, financial control and trust administration. Her vast technical knowledge and extensive practical experiences were acquired from working in Switzerland, Singapore and Hong Kong, with KPMG, corporate, private bank, and independent trust and fiduciary company. For more than 12 years, She advised, structured and administered trusts for clients with net worth ranging from USD2 million to over USD200 million. By using different tools such as Trusts, PTC and insurance in conjunction with different trust jurisdictions such as BVI, Cayman, Jersey, Labuan, Singapore, Hong Kong, Cayman and Samoa, Yie-ying has been able to execute the best outcomes for the different needs and purposes in each of her client’s unique situations. She has experiences in private trusts for asset protection, succession planning, tax planning and pre-IPO planning. She also assists in setting up corporate trust for employee and senior management award schemes.

Yie-ying holds a Bachelor’s Degree in Accountancy and a Master’s Degree in Finance. She is also a Certified Trust and Estate Practitioner. She is proficient in English, Mandarin and Cantonese.

 

Language English
Date and Time 2021/02/05 15:00 to 16:00
Venue This event will take place online via Zoom
Media Closed to media
Enquiries Cathy Chan
Tel: 28231282
Email: cathy@chamber.org.hk
Fee Members @ HK$100 / Non-Members @ HK$200
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- No refund will be made for last minute cancellations or no-shows. If the booking is cancelled at least 7 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.