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British Virgin Islands High Court
JANUARY 2014 BRITISH VIRGIN ISLANDS HIGH COURT Appleby Corporate Services (BVI) Limited - BVI DISCRETIONARY TRUST - SOLE ASSET v- Citco Trustees (BVI) Limited Claim No. ENTIRE ISSUED SHARE CAPITAL OF INVESTMENT BVIHC (Com) 156 of 2011 COMPANY - MANAGEMENT OF INVESTMENTS DELEGATED TO PROFESSIONAL MANAGERS - ALMOST ENTIRE VALUE OF TRUST FUND LOST - DUTIES OF TRUSTEE - WHETHER TRUSTEE UNDER A DUTY TO REVIEW - PERFORMANCE OF MANAGERS - APPROACH TO THE ASSESSMENT OF EQUITABLE COMPENSATION - COURT’S POWER TO AWARD INTEREST IN EQUITY In this case the current trustee of a BVI discretionary trust, to information giving cause for concern about the management Appleby Corporate Service (BVI) Limited (“Appleby”) sought an of the Company’s assets but also to inform itself at appropriate Order requiring the former trustee, Citco Trustees (BVI) Limited intervals on the state of the Company’s portfolio and the manner (“Citco”) to reconstitute the trust fund by compensating the trust in which it was being managed. for losses, which it claims were suffered by the trust as a result of the negligence of Citco. The sole asset of the trust was the The Court held that among the duties owed by Citco to the entire issued share capital of an investment company. The beneficiaries of the Trust was a duty to take reasonable steps to investments were delegated to professional managers who satisfy itself at appropriate intervals that the investment disregarded contractual investment guidelines with a resultant guidelines were being observed and that the overall value of the loss of almost the entire value of the trust fund. fund had not been affected by any abuse on the part of investment manager of its delegated authority. -
Interim Report 2019 Corporate Information & Key Dates
20201919 QUICK FACTS 53 countries & territories 46,000+ employees worldwide 70M ft² land & facilities 10,000+ self-owned operating vehicles CONTENTS 02 Corporate Information & Key Dates 03 Financial Highlights 05 Management Discussion and Analysis Results Overview 05 Business Review 06 Financial Review 12 Staff and Remuneration Policies 12 GLOBAL NETWORK 13 Corporate Governance and Other Information 25 Independent Auditor’s Review Report 27 Interim Financial Statements 54 Definitions CHINA FOCUS ASIA SPECIALIST 1 INTERIM REPORT 2019 CORPORATE INFORMATION & KEY DATES KERRY LOGISTICS NETWORK LIMITED COMPANY SECRETARY (Incorporated in the British Virgin Islands and continued Ms LEE Pui Nee into Bermuda as an exempted company with limited liability) AUDITOR PricewaterhouseCoopers BOARD OF DIRECTORS Executive Directors LEGAL ADVISER Mr KUOK Khoon Hua (Chairman) Davis Polk & Wardwell Mr MA Wing Kai William (Group Managing Director) Mr NG Kin Hang REGISTERED OFFICE Victoria Place, 5th Floor, 31 Victoria Street Non-executive Director Hamilton HM 10, Bermuda Ms TONG Shao Ming CORPORATE HEADQUARTERS AND Independent Non-executive Directors PRINCIPAL PLACE OF BUSINESS IN HONG KONG Ms KHOO Shulamite N K 16/F, Kerry Cargo Centre, 55 Wing Kei Road Ms WONG Yu Pok Marina Kwai Chung, New Territories, Hong Kong Mr YEO Philip Liat Kok Mr ZHANG Yi Kevin PRINCIPAL SHARE REGISTRAR AND TRANSFER AGENT AUDIT AND COMPLIANCE COMMITTEE Estera Management (Bermuda) Limited Ms WONG Yu Pok Marina (Chairman) Victoria Place, 5th Floor, 31 Victoria Street Ms TONG Shao Ming -
Notary Public Register Isle of Man
Notary Public Register Isle Of Man Elwyn is aspiring and snooker dominantly while pathetic Uri enrobes and mizzles. Jackie shutter her mainmasts distinguishably, drooping and monarch. Bread-and-butter and malarious Austin embracing her animus lyrist reorientating and posits fustily. A Notary Public until a trust of Isle of Man lawyer and public official whose. The document must be issued in silver State of California signed by an authorized corporate agent or notarized before our local notary public need be bare for the. Our Isle of industry process server will advertise your case promptly and efficiently. And future Crown Dependencies of the Isle of mob and Channel Islands. South African Attorney Notary and Conveyancer 1994 Registered Legal Practitioner Isle of Man 199 to date Notary Public Isle of Man 2003 Admitted as a. Practice History John Wright Advocate. Advocate Nadine Roberts were both granted Notary status after satisfying the. EX-54 SECgov. Isle of authorities law society. They were Alexandria Colindres civil aviation liaison the public relations. Corbridges Advocates Solicitors and Notaries Public. CEN Cooperation of Central European Civil Law Notaries Croatia Austria Slovakia Slovenia. Conveyancing advocates isle of man TJ Sokol Kounice. All Isle of Man companies must link a registered office abort the Isle of Man. Notarial Services Simcocks. For the purposes of foreign courts registries public authorities suspect other notaries. Isle of Man Steampacket Company's steamers 227 Scale and Car Fares. Appleby's Isle of prominent office Appleby Isle of Man LLC is old of the longest established legal. Final draft Isle of Man Financial Services Authority. -
Final Report
Transport and Housing Bureau The Government of the Hong Kong SAR FINAL REPORT Consultancy Services for Providing Expert Advice on Rationalising the Utilization of Road Harbour Crossings In Association with September 2010 CONSULTANCY SERVICES FOR PROVIDING EXPERT ADVICE ON RATIONALISING THE UTILISATION OF ROAD HARBOUR CROSSINGS FINAL REPORT September 2010 WILBUR SMITH ASSOCIATES LIMITED CONSULTANCY SERVICES FOR PROVIDING EXPERT ADVICE ON RATIONALISING THE UTILISATION OF ROAD HARBOUR CROSSINGS FINAL REPORT TABLE OF CONTENTS Chapter Title Page 1 BACKGROUND AND INTRODUCTION .......................................................................... 1-1 1.1 Background .................................................................................................................... 1-1 1.2 Introduction .................................................................................................................... 1-1 1.3 Report Structure ............................................................................................................. 1-3 2 STUDY METHODOLOGY .................................................................................................. 2-1 2.1 Overview of methodology ............................................................................................. 2-1 2.2 7-stage Study Methodology ........................................................................................... 2-2 3 IDENTIFICATION OF EXISTING PROBLEMS ............................................................. 3-1 3.1 Existing Problems -
Property Management Revenue from Property Management for 2003 Increased by 11.0% Over 2002 to HK$94 Million
032 Executive management’s report Property review This caused revenue from investment properties for the year of our properties further and establishing them as a to decline slightly by 1% over 2002 to HK$888 million. benchmark for the industry in Hong Kong. Our staff performed outstandingly during the period of SARS For Two IFC, the quality of the office building and its to ensure shoppers’safety and mitigate the effects of the management enabled MTR to attract tenants despite the outbreak on public confidence. We also supported tenants lingering cautious sentiment resulting from SARS, the war in through aggressive promotion campaigns, including an Iraq and the weak economy. Considerable effort was taken attractive rebate promotion. Within this context, we took full to explain to potential tenants, agents and the business advantage of the relaxation of travel restrictions on tourists community the merits of the building, which is ideally suited from Mainland China through proactive, tailor-made to the sophisticated needs of multi-national corporations. programmes, such as organising shopping tours, designed The decision by Swiss banking giant UBS to lease seven floors to bring high spending Mainland visitors to our shopping represented one of the largest and highest profile relocations centres. These programmes proved successful in boosting of an office tenant in Hong Kong in 2003. UBS joined a growing the business turnover of our tenants. list of leading institutions in the building, including the Hong The Total Quality Service Regime, our pioneering customer Kong Monetary Authority, reinforcing Two IFC’s position as the service enhancement programme, and our computerised building of choice for top-tier corporations. -
COVERAGE LIST GEO Group, Inc
UNITED STATES: REIT/REOC cont’d. UNITED STATES: REIT/REOC cont’d. UNITED STATES: NON-TRADED REITS cont’d. COVERAGE LIST GEO Group, Inc. GEO Sabra Health Care REIT, Inc. SBRA KBS Strategic Opportunity REIT, Inc. Getty Realty Corp. GTY Saul Centers, Inc. BFS Landmark Apartment Trust, Inc. Gladstone Commercial Corporation GOOD Select Income REIT SIR Lightstone Value Plus Real Estate Investment Trust II, Inc. Gladstone Land Corporation LAND Senior Housing Properties Trust SNH Lightstone Value Plus Real Estate Investment Trust III, Inc. WINTER 2015/2016 • DEVELOPED & EMERGING MARKETS Global Healthcare REIT, Inc. GBCS Seritage Growth Properties SRG Lightstone Value Plus Real Estate Investment Trust, Inc. Global Net Lease, Inc. GNL Silver Bay Realty Trust Corp. SBY Moody National REIT I, Inc. Government Properties Income Trust GOV Simon Property Group, Inc. SPG Moody National REIT II, Inc. EUROPE | AFRICA | ASIA-PACIFIC | MIDDLE EAST | SOUTH AMERICA | NORTH AMERICA Gramercy Property Trust Inc. GPT SL Green Realty Corp. SLG MVP REIT, Inc. Gyrodyne, LLC GYRO SoTHERLY Hotels Inc. SOHO NetREIT, Inc. HCP, Inc. HCP Sovran Self Storage, Inc. SSS NorthStar Healthcare Income, Inc. UNITED KINGDOM cont’d. Healthcare Realty Trust Incorporated HR Spirit Realty Capital, Inc. SRC O’Donnell Strategic Industrial REIT, Inc. EUROPE Healthcare Trust of America, Inc. HTA St. Joe Company JOE Phillips Edison Grocery Center REIT I, Inc. GREECE: Athens Stock Exchange (ATH) AFI Development Plc AFRB Hersha Hospitality Trust HT STAG Industrial, Inc. STAG Phillips Edison Grocery Center REIT II, Inc. AUSTRIA: Vienna Stock Exchange (WBO) Babis Vovos International Construction S.A. VOVOS Alpha Pyrenees Trust Limited ALPH Highwoods Properties, Inc. -
British Virgin Islands About Appleby
OFFICE DESCRIPTION BRITISH VIRGIN ISLANDS ABOUT APPLEBY APPLEBY IS ONE OF THE WORLD’S LEADING INTERNATIONAL LAW FIRMS. OUR GLOBAL TEAMS OF LEGAL SPECIALISTS ADVISE PUBLIC AND PRIVATE COMPANIES, FINANCIAL INSTITUTIONS AND PRIVATE INDIVIDUALS. We are regularly recognised for our professionalism, integrity and excellence, “Appleby is a firm and these are the values we pride ourselves on and are at the core of our that you can put your business. complete trust in to find a solution” We are a full service law firm providing comprehensive, expert advice and - Legal 500 services across Corporate, Dispute Resolution, Property, Regulatory and Private Client and Trusts practice areas. We work with our clients to achieve practical solutions whether from a single location or across multiple jurisdictions. Through Appleby Global Services, Appleby provides a range of administration, reporting and fiduciary services focused on corporate structures. Our dedicated teams of experienced professionals work closely with our legal specialists to provide our clients with an integrated legal and corporate administration offering. “A respected firm We have offices in ten highly regarded, well-regulated global locations, with an unparalleled operating in nine and practicing the laws of eight jurisdictions. Our office global network” locations include the key international jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Isle of Man, Jersey, Mauritius, and - Chambers & Partners the Seychelles, as well as the international financial centres of Hong Kong and Shanghai. Our global presence enables us to provide comprehensive, multi-jurisdictional legal advice at the times most beneficial to our clients. 2 BVI Office Description applebyglobal.com OVERVIEW ABOUT THE BRITISH VIRGIN ISLANDS THE BRITISH VRIGIN ISLANDS IS AN INTERNATIONALLY RESPECTED FINANCIAL CENTRE CONNECTING MARKETS, FACILITATING INVESTMENT, TRADE AND CAPITAL FLOW. -
Appleby Global Services Mauritius
BROCHURE MAURITIUS About Appleby Global Services (Ags) .................................................................................... 3 Appleby Global Services Mauritius ........................................................................................ 4 Why Mauritius .............................................................................................................................. 5 Ease of Doing Business: ............................................................................................................ 5 CONTENTS Type of Entities............................................................................................................................. 6 About Appleby Global Services ............................................................................................... 7 2 Appleby Global Services Mauritius global-ags.com ABOUT APPLEBY GLOBAL SERVICES (AGS) Appleby Global Services (AGS) provides a range of administration, reporting and fiduciary services primarily focused on corporate structures. KEY CONTACTS Funded with significant development capital and owned by Appleby with equity participation by the key leadership team, our strategy has a long term focus to build the business sustainably through: • A continued investment in people • Developing long term client relationships • Investment in technology and processes to deliver operational excellence • Maintaining strong risk management practices • Augmenting growth and service depth through strategic opportunities MALCOLM MOLLER Group Managing -
Directors and Senior Management
Directors and Senior Management Executive Directors Mr KUOK Khoon Chen, aged 55, Mr HO Shut Kan, aged 61, has been has been an Executive Director of the an Executive Director of the Company Company, the Chairman of the Board since 1998. Mr Ho is an executive and the chairman of the Remuneration director of Kerry Properties (H.K.) Committee of the Company since Limited, the principal Hong Kong 2008. He has been a senior executive property company of the Group, and of the Kuok Group since 1978. He is is responsible for the Group’s property currently the deputy chairman and developments and infrastructure managing director of Kerry Group investments. Mr Ho is also responsible Limited, the chairman and managing for overseeing the operation of the director of Kerry Holdings Limited project companies and the projects of and a director of a number of Kuok the Group in Shenzhen, Chengdu and Group companies. Both Kerry Group Nanchang. Mr Ho is a non-executive Limited and Kerry Holdings Limited director of Eagle Asset Management are the controlling shareholders of the (CP) Limited, the manager of Company. Mr Kuok is an executive Champion Real Estate Investment director of China World Trade Center Trust, which is listed in Hong Kong. Co., Ltd. which is listed on the Shanghai Stock Exchange. Mr Kuok holds a Bachelor’s degree in Economics Mr MA Wing Kai, William, aged from Monash University in Australia. 48, has been an Executive Director Mr Kuok is the brother-in-law of Mr of the Company since 2004. Mr Bryan Pallop Gaw whose biography is Ma is the deputy chairman and the set out in the section headed “Senior managing director of Kerry Logistics Management” of this annual report. -
Annual Report 2018 Corporate Information & Key Dates
QUICK FACTS 53 countries & territories 40,000+ employees worldwide 60M ft² land & facilities 10,000+ self-owned operating vehicles CONTENTS 02 Corporate Information & Key Dates 03 Financial Highlights 05 2014-2018 Financial Summary 06 Logistics Facilities GLOBAL NETWORK 13 Chairman’s Statement 14 Management Discussion and Analysis 14 Results Overview 15 Business Review 20 Financial Review 20 Staff and Remuneration Policies 21 Environmental, Social and Governance Report 33 Awards and Citations CHINA FOCUS 39 Corporate Governance Report 57 Directors and Senior Management 73 Report of Directors 99 Independent Auditor’s Report 108 Statement of Accounts 198 Definitions ASIA SPECIALIST 1 ANNUAL REPORT 2018 CORPORATE INFORMATION & KEY DATES BOARD OF DIRECTORS COMPANY SECRETARY Executive Directors Ms LEE Pui Nee Mr YEO George Yong-boon (Chairman) Mr MA Wing Kai William (Group Managing Director) AUDITOR Mr KUOK Khoon Hua PricewaterhouseCoopers Mr NG Kin Hang LEGAL ADVISER Non-executive Director Davis Polk & Wardwell Mr CHIN Siu Wa Alfred REGISTERED OFFICE Independent Non-executive Directors Canon’s Court, 22 Victoria Street Ms KHOO Shulamite N K Hamilton HM12, Bermuda Mr WAN Kam To Ms WONG Yu Pok Marina CORPORATE HEADQUARTERS AND Mr YEO Philip Liat Kok PRINCIPAL PLACE OF BUSINESS IN HONG KONG Mr ZHANG Yi Kevin 16/F, Kerry Cargo Centre, 55 Wing Kei Road AUDIT AND COMPLIANCE COMMITTEE Kwai Chung, New Territories, Hong Kong Ms WONG Yu Pok Marina (Chairman) PRINCIPAL SHARE REGISTRAR AND Mr CHIN Siu Wa Alfred Mr WAN Kam To TRANSFER AGENT Mr ZHANG Yi -
Vista, Sista & Traditional Trusts: 'O Le Fogava'a E Tasi
VISTA, SISTA & TRADITIONAL TRUSTS: ‘O LE FOGAVA’A E TASI LAWS 542: OFFSHORE TRUST LAW RESEARCH PAPER FACULTY OF LAW 2018 Beatrice Tabangcora STUDENT ID: 300463444 Word count: 7458 Special Trusts in the BVI & Samoa Table of Contents I Introduction 3 II Special Trusts in the British Virgin Islands 4 A The Prudent Investor Rule 4 B Non-Legislative Alternatives to VISTA Trusts 5 C Key Features of the Virgin Islands Special Trusts Act 2003 7 III Special Trusts in Samoa 12 A Background on the Samoan Offshore Financial Centre 12 B The Samoan International Special Trust Arrangement 13 IV Special Trusts in Practice 14 A Setting up a Special Trust 14 B Advantages of Special Trusts 15 C Criticisms of Special Trusts 16 V Are Special Trusts still Trusts? 17 A Traditional Trust Principles 17 B Questioning the Validity of Special Trusts 18 C Special Trusts are still Trusts? 19 VI Conclusion 20 2 Special Trusts in the BVI & Samoa I Introduction When the Panama papers were released, the British Virgin Islands (“BVI”) and Samoa were implicated as the first and sixth most popular tax havens for companies. The BVI are a self-governing overseas territory of the United Kingdom located in the Caribbean. The BVI are home to about 35,000 people and a lucrative offshore finance centre. Offshore financial services generate more than half of the total of Government revenues.1 Over 12,000 kilometres away from the BVI are the Samoan islands, an independent nation in the South Pacific Ocean. Samoa is home to about 200,000 people and a modest offshore finance centre. -
Kerry Properties (H.K.) Limited
KERRY PROPERTIES LIMITED (Incorporated in Bermuda with limited liability) 嘉里建設有限公司 Press Release Kerry Properties and Sino Land Awarded the Wong Chuk Hang Station Package Two Property Development Project (Hong Kong, 5 December 2017) Kerry Properties Limited (HKEx: 683) and Sino Land Company Limited (HKEx: 083) are pleased to announce that they have been awarded the tender for the Wong Chuk Hang Station Package Two property development project by MTR Corporation Limited. Located at the southwestern part of the Wong Chuk Hang Station property development project, the site is designated for private residential purposes. The project is expected to deliver two residential towers, offering a total of about 600 residential units. The site occupies an area of about 92,269 square feet, generating a buildable gross floor area of approximately 492,991 square feet. Kerry Properties Limited is delighted to have been awarded the project, and has full confidence in the potential of this above-station property development on Hong Kong Island. The company believes that the bid is reasonable, considering the plot’s Island South location and its direct connection to the public transport network. With the quality pledge of Kerry Properties and Sino Land, the project shall promise an ultimate urban living environment for residents in pursuit of top quality homes. About Kerry Properties Kerry Properties (HKEx: 683) is a leading property investment and development company in Mainland China and Hong Kong. Leveraging on its decades of experience, expertise and brand equity in property development, the company focuses on building high-quality residences and mixed-use projects in prime locations of the major cities.