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Anti-Bartlett clause trumps trustees’ general supervisory duty: HK Court of Final Appeal

The Hong Kong Court of Final Appeal (HKCFA) handed down its final ruling on the Zhang Hong Li v DBS Trustee case, establishing the court’s approval for trustees to rely on the anti-Bartlett clause in the trust instrument to exempt them from any liability — including a possible “residual obligation” — for losses incurred in transactions by the trust’s underlying…

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