LEGAL COUNSEL
INTERNATIONAL PRIVATE CLIENT
Trust Series
WEALTH TALKS
8 July 2020
Trustee Liability
In this webinar, we shall consider the potential liability exposure of Singapore trustees, settlors and protectors.
4 Case Studies will be considered:
Case Study No. 1
The first case study will consider whether Singapore trustees, settlors and protectors may validly exclude negligent liability, including “gross” negligence, and whether the settlor of a reserved power trust stands in a fiduciary position;
Case Study No. 2
The second case study will consider the effectiveness of a “Bartlett” clause where trustees effectively supervise the activities of underlying companies. The future use of Bartlett clauses will then be considered, particularly in light of recent FATF TCSP guidance;
Case Study No. 3
The third case study will consider the liability position of a private trust company (PTC) and its directors and basis on which trustee removal proceedings may be brought against a PTC;
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Case Study No. 4
The fourth and final case study will consider whether a trustee, settlor or protector may rely on a foreign law trust locally administered in Singapore to provide additional liability protections.
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Zac Lucas
Partner
McCarthy Denning
Vikna Rajah
Head, Tax, Trust & Private Client,
Rajah & Tann
Antonio Ribeiro
Partner,
Rhone Trustees
Tan Woon Hum
Partner,
Shook Lin & Bok
Yeoh Lian Chuan
Managing Partner, Sabara Law (Deloie Legal)
Meet the Speakers:
Listen to the podcast
View the recording
View the slides
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