Family disharmony
Wenhao Han provides an offshore assessment of options for aggrieved beneficiaries in Asian family trusts, using the Cayman Islands and BVI as an example
Key points
What is the issue?
In Asia, there is often intense privacy in business and very substantial businesses remain family‑controlled through trusts, with many listed on Asian stock exchanges.
What does it mean for me?
The consequence of these Asian characteristics for trusts manifests itself offshore, since the legal infrastructure for trusts in developing countries is not reliable enough.
What can I take away?
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