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family trust

June 27, 2021

Melia Hotels International announces bullish recovery plan, Lego builds on $400 million sustainability effort with recycled bricks, Christoph Mohn succeeds mother as new ‘speaker of the family’ at Bertelsmann.

Melia Hotels International announces bullish recovery plan

The Escarrer family principal of Melia Hotels International has declared flexible expansion, digitalisation and sustainability as the key drivers behind the Spanish hotel chain’s recovery from 15 months of Covid-19 restrictions.

January 31, 2020

Principal makes way for next gen succession at H&M, Louis Dreyfus Company heiress open to selling stake and Hong Kong headwinds hit LVMH.

Principal makes way for next gen succession at H&M

The billionaire Persson family principal of Sweden’s Hennes & Mauritz has called for his son to succeed him as chairman as the $1.7 billion fast fashion family business welcomes its first female chief executive in its 73-year history.

January 16, 2020

Next gen James Murdoch’s burning rift with father’s media empire, revamped Musgrave Group snaps up drinks distributor and the World Economic Forum hails Henkel as frontrunner in the fourth industrial revolution.

Next gen James Murdoch’s burning rift with father’s media empire

James Murdoch, heir of Rupert Murdoch, has publicly criticised his family’s media empire for climate change denial as lethal bushfires blaze in Australia.

July 4, 2017

The world’s financial centre of gravity is shifting to Asia and Asian family businesses are a major factor. But the family office concept is in its infancy compared to Europe and North America and western wealth managers struggle to forge enduring business relationships. Azlinda Ariffin-Boromand, partner at WithersWorldwide, says it all starts with chopsticks.

The world’s financial centre of gravity is shifting to Asia and Asian family businesses are a major factor. But the family office concept is in its infancy compared to Europe and North America and western wealth managers struggle to forge enduring business relationships. Azlinda Ariffin-Boromand, partner at WithersWorldwide, says it all starts with chopsticks.

June 20, 2017
In the second of a two part commentary, global advisory firm Maitland Group, considers a family trust as a financial institution or a non-financial entity.

In the second of a two part commentary, global advisory firm Maitland Group, considers a family trust as a financial institution or a non-financial entity.

No one likes to be a square peg in a round hole. It doesn’t feel right. However, for protectors of family trusts with an eye on the new Common Reporting Standard (CRS) requirements, it can often be better for the trust to wear the incongruous name of “financial institution” than the alternative of “passive non-financial entity”.

June 15, 2017

In the first of a two part commentary, global advisory firm Maitland Group, explains what the Common Reporting Standard means for protectors of family trusts.

In the first of a two part commentary, global advisory firm Maitland Group, explains what the Common Reporting Standard means for protectors of family trusts.

Being the protector of a family trust can seem a pretty thankless task. The role comes with a swathe of duties and obligations, albeit laudable, and will often be unremunerated. What’s more, protectors will frequently incur personal expense and inconvenience arising from their office.

April 4, 2017

Well planned and managed trusts can be a huge help in managing family business wealth and legacy but what happens when the relationship between trustees and beneficiaries breaks down? Richard Manyon, disputes resolution partner at Payne Hicks Beach, takes a look.

Well planned and managed trusts can be a huge help in managing family business wealth and legacy but what happens when the relationship between trustees and beneficiaries breaks down? Richard Manyon, disputes resolution partner at Payne Hicks Beach, takes a look.

February 27, 2017

Asia is home to a third of the world’s ultra-high net worth people and as a market can make or break a multinational’s bottom line yet family businesses are playing catch up to the west in formalising their family offices.

Asia is home to a third of the world’s ultra-high net worth people and as a market can make or break a multinational’s bottom line yet family businesses are playing catch up to the west in formalising their family offices.

May 28, 2015

Australia’s wealthiest woman, Gina Rinehart, has been order by the supreme court to pass control of the family trust to her daughter, ending a four-year feud with two of her children, and loosening her grip on the family firm.

Australia’s wealthiest woman, Gina Rinehart, has been order by the supreme court to pass control of the family trust to her daughter, ending a four-year feud with two of her children, and loosening her grip on the family firm.

The second-gen to a iron ore mining empire, Hancock Prospecting, Rinehart changed the vesting date of the multi-billion dollar Hope Margaret Hancock Trust in 2011 to 2068, just days before it was due to pay out.

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