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A Trust is a fiduciary relationship in which one party, known as a settlor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary. The trustee can professionally manage the settlor’s property in accordance with his or her instructions.

Trust is widely recognized around the world. Overseas courts and prestigious financial institutions also recognize such structure. In Hong Kong, a trustee is not only bounded by Hong Kong Trust Law (Trustee Ordinance Cap.29 and Recognition of Trusts Ordinance Cap. 76) but also the Hague Convention of International Law.

The Law of Trust developed in the United Kingdom hundreds of years ago. In the past, it was constructed as part of the equity which helped to reduce the strictness of the Common Law. Nowadays, all these past judgements have become the main source of law in Hong Kong and other Commonwealth countries.