Hong Kong rules that trustees are protected under anti-Bartlett clauses

Hong Kong has said that trustees are protected by anti-Bartlett clauses, in a decision bound to reverberate through the private wealth and trusts world. Hong Kong Court of Final Appeal (CFA) established that so-called anti-Bartlett clauses in the trust deed of a Jersey family trust exempted the trustees from any liability for losses incurred in transactions by the trust's underlying investment company, in what was know as the Zhang and Ji v DBS Trustee case. The Court of Final Appeal reversed the Court of Appeal's findings and ruled that the anti-Bartlett clause contained in the trust...