If you’re involved in trusts, attending this event is a must. The Trust SIG Mini Conference gets your year started on the right foot by arming you with the expert insights you need to get ahead.
Continuing the Trust SIG tradition of high calibre speakers, the mini conference on 27 February 8.00 am – 11.00 am brings three outstanding speakers presenting on current issues in trust law. All three speakers are highly regarded in their respective fields.
Justice Heath will be considering aspects of the recent Supreme Court decision of McIntosh v Fisk, and the broader issue of equity in the insolvency context and problems with constructive trusts in relation to preferential payments. Equity and insolvency have important ramifications for practitioners who are engaged not only with trusts, but also for those who work in the area of insolvency including liquidators and receivers. Justice Heath is highly respected, particularly in the area of insolvency law and the Trust Special Interest Group is very fortunate to have such an outstanding speaker.
The Supreme Court and Court of Appeal decisions of Clayton v Clayton were recently considered by the English High Court in MezhProm Bank v Pugachev  EWHC 2426, which is not a relationship property case but a case regarding New Zealand foreign trusts established by a multi billionaire for asset planning and creditor protection purposes. The trusts’ deemed settlor, while not a trustee was a protector. The “true effect” of the trust was found to be that beneficial ownership remained with the deemed settlor. In the alternative, the trusts were held to be shams. The decision will have a considerable impact in New Zealand. Senior barrister, Geoff Clews will be speaking on aspects of that English High Court decision.
Denham Martin is a well-known lawyer, whose areas of specialisation include taxation. He will be considering current taxation matters affecting trusts. This will include the recent Inland Revenue Exposure Draft Statement on the Taxation of Trusts and which is intended to replace the Commissioner of Inland Revenue’s original explanation of the trust rules. The Draft Statement covers how income derived by trustees is to be taxed and the compliance obligations imposed on settlors, trustees and beneficiaries of trusts under tax law.
The Trust SIG is an important event for all professionals either practicing in, providing advice or who have an interest in trusts.
To register, click here.