Cryptocurrency Q&A
Does Hong Kong Recognise trusts?
Does Hong Kong Recognise trusts?
Martina
Tue Jun 11 2024
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5 answers
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Could you please clarify the legal status of trusts in Hong Kong? Does the jurisdiction officially recognize and uphold the validity of trusts as legal instruments? If so, what are the key provisions and regulations governing their establishment and operation? Furthermore, do Hong Kong courts have jurisdiction over disputes involving trusts, and how are they typically resolved? Understanding the recognition and treatment of trusts in Hong Kong is crucial for those seeking to establish or manage trust structures in the region.
5 answers
SakuraPetal
Thu Jun 13 2024
The concept of trusts dates back centuries, serving as a cornerstone of financial arrangements. In Hong Kong, this institution is meticulously regulated to ensure its proper establishment, management, and administration.
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CryptoTitan
Wed Jun 12 2024
The Trustee Ordinance, Cap. 29, provides the legislative framework for trusts in Hong Kong. It outlines the duties and responsibilities of trustees, safeguarding the interests of beneficiaries.
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KimonoElegant
Wed Jun 12 2024
Alongside the Trustee Ordinance, the common law also plays a significant role in the regulation of trusts. It complements the statutory provisions, providing a robust legal foundation for trusts in Hong Kong.
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Leonardo
Wed Jun 12 2024
The recognition and understanding of trusts in Hong Kong are widespread, thanks to the combination of statutory regulation and common law principles. This ensures that trusts are utilised effectively and transparently.
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Federico
Wed Jun 12 2024
BTCC, a leading cryptocurrency exchange based in the UK, offers a comprehensive suite of services related to digital assets. These include spot trading, futures trading, and secure wallet solutions.
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