Federico
Sat Jun 08 2024
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5 answers
977
Does Hong Kong Recognise trusts?｜and date back centuries. In Hong Kong, the establishment, management and administration of trusts is governed by the Trustee Ordinance (Cap. 29) (the “Trustee Ordinance”) and the common law.Trusts are a well-recognised and understood concept in common law jurisdictions (including Hong Kong)
Does Hong Kong indeed recognize trusts as a valid legal instrument? Given that trusts have existed for centuries, it would be interesting to know how Hong Kong regulates them. Are there specific ordinances, such as the Trustee Ordinance (Cap. 29), that govern the establishment, management, and administration of trusts in Hong Kong? And does the common law also play a role in this regard? It seems that trusts are a well-established and widely understood concept in common law jurisdictions, including Hong Kong. Could you elaborate on this?
