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The Privy Council has handed down judgment in Investec Trust (Guernsey) v Glenalla Properties (2018 UKPC 7), in which the former trustees of the Tchenguiz Discretionary Trust had made loans of over GBP200 million to various BVI companies.

Trustees cannot simply brush aside beneficiaries' request for information

ESTATE DISPUTES: Hallyday family wins estate asset freeze while forced-heirship litigation continues

NETHERLANDS: Measures against 'letterbox companies' seek to improve country's reputation

The Japanese government's 2018 tax reform bill abolishes the recently introduced rule under which the heirs of a long-term resident foreigner who died outside Japan remain liable to Japanese inheritance tax (IHT) on estate assets anywhere in the world. The rule had threatened to derail the government's efforts to attract foreign talent to live and work in Japan, because it meant IHT liability could follow a foreign national for up to five years after leaving the country.

WEALTH MANAGEMENT - JERSEY: Success for plaintiffs in USD200 million Crociani case

INTERNATIONAL - HONG KONG: Multiple property stamp duty gap axed

INTERNATIONAL - MATRIMONIAL: Russian woman reportedly claims GBP11.6 billion from ex-husband

AUSTRALIA: New tax on foreign owners of unoccupied homes

INTERNATIONAL - Canadian notary must reimburse buyer stuck with non-resident seller's CGT bill