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Wisdom Hon

Senior Associate  |  Ogier
JURISDICTIONS QUALIFIED IN

British Virgin Islands
Hong Kong
England and Wales

TOP 3 AREAS OF EXPERTISE

Succession planning
Asset protection
Administration of estates and trusts

Q&A

What has been the highlight of your practice over the past 12 months?

Over the past year, I have been advising Chinese clients on setting up or re-structuring offshore structures in BVI, Cayman Islands, Jersey and Guernsey. In one complex structure, it involved a Cayman foundation company, a BVI private trust company and a Guernsey trust to hold PRC business. The sequence and timing of putting the structure in place is a challenge itself to avoid adverse China tax implications.

I have also broadened my practice to advise clients on financial transactions involving trust structure. I advised a BVI licenced trust company acting as a trustee of a Guernsey trust on a complex and high value financial re-structuring providing expertise on the laws of multiple jurisdictions (Guernsey and BVI) and in multiple disciplines (banking and finance; trusts and private wealth; corporate).

What advice would you give rising stars/new lawyers in the private client world?

Your contacts are essential. Call them, take care of them, and make relationships. Private client’s work is all about knowing people.

What is your favourite quote?

"The important thing is to not stop questioning. Curiosity has its own reason for existing." – Albert Einstein