Thursday, October 27, 2011

Living in the Past

As trustees, we are not only haunted by the things we do today, but also the things we and our predecessors did in the past. Now without details, this case may be a non-starter, but the summons', writs and general headaches of defending a suit is quite disruptive for any business, unless you're the litigators:

S 650/2011 (SUM 4502/2011)
KUNTJORO WIBAWA @ WONG KIN TJONG
(TOMMY CHOO MARK GO & PARTNERS)
(LING LEONG HUI)
V.
HARIANTY WIBAWA (WIDOW) & ORS
(RAJAH & TANN LLP)
(K MURALIDHARAN PILLAI)
NATURE: FOR INTERIM INJUNCTION

http://www.singaporelawwatch.sg/remweb/legal/ln2/rss/legalnews/73772.html?utm_source=web%20subscription&utm_medium=web&title=Indonesian%20man%20sues%20mother%2C%20five%20siblings%20to%20recover%20share%20of%20father's%20S%2457-million%20estate

A interesting case of cross-border heirship planning spanning Indonesia, Singapore and Jersey that started in 2003 by Peter Finch when he was at BNP. Ol' Peter (he of Singtrust and Singapore Trustees Association fame) alledgely smoothed talked a lady into creating a Jersey trust that to house the partiarch's money and apparently screwed the son of his "rightful" inheritance at the same time. Hence, he's suing BNP Paribas.

Welcome Mr Kenyon. Thank goodness he should be no stranger to lawsuits coming from the trust litigation capital, Jersey.

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