Copy and Edit

The Prometheus Trust - PIIL

Description

The Prometheus Trust mind map.
tony_seah
Mind Map by tony_seah, updated more than 1 year ago
tony_seah
Created by tony_seah over 9 years ago
40
0
0

Resource summary

The Prometheus Trust - PIIL
  1. Trust Funds
    1. Obligation to pay to Ricchezza Limited 2x per month?
      1. Move Funds out of Singapore DBS account to Trustee's HK a/c?
        1. Basis?
          1. Move to?
            1. How much?
              1. Approval by?
                1. When?
                  1. May attract a Freezing Order Application?
                  2. Obligation to pay legal fees
                    1. Past Legal Fees?
                      1. Current Legal Fees?
                      2. Obligation to pay Trustees?
                        1. Past Services?
                          1. Services to unwind the Trust?
                          2. Singapore Assets?
                          3. Legal status ?
                            1. Voidable?
                              1. On terms set by Court.
                                1. Trustee may retain its Fees paid out of the Trust Fund
                                  1. Deputies to undertake not to pursue beneficiaries who have received moneys
                                    1. Change of position defense available to beneficaries
                                  2. Void from start?
                                    1. Asialink Trust Limited - Resulting Trustee
                                      1. Return Trust Fund to Settlor / Deputies
                                        1. Full Amount
                                          1. Defense of quantum meruit
                                            1. Balance of Trust Fund
                                    2. Litigation Representative (GGK)
                                      1. Stay until deputy/ies appointed?
                                        1. Apply to withdraw on grounds of potential conflict of interest?
                                        2. Take directions from the Court?
                                          1. BVI?
                                            1. Judgment of Singapore Court non-binding.
                                              1. Trustee continues to operate in accordance with the Trust Deed and BVI law.
                                                1. Suit by?
                                                  1. Deputies?
                                                    1. Contempt of Court?
                                                  2. Trustee cease operations pending deputies taking legal action.
                                                    1. Suit by?
                                                      1. KBS
                                                        1. Deputy/ies?
                                                          1. Beneficiary (Ricchezza)?
                                                      2. Setting aside of the Trust?
                                                        1. How to do this?
                                                          1. Past Transactions?
                                                            1. Costs impact?
                                                          2. Singapore?
                                                            1. Submission to Court of Singapore?
                                                              1. Indemnification from?
                                                                1. KBS
                                                                  1. Appellants
                                                                    1. Beneficiary (Richezza)
                                                              2. Wait for deputy/ies to commence legal action against Trustee
                                                                1. Completed Transactions
                                                                  1. Charities
                                                                    1. Notify?
                                                                      1. Tracing Rules
                                                                      2. Payments made to
                                                                        1. Lawyers
                                                                          1. Trustee
                                                                            1. Beneficiary (Richezza)
                                                                            2. others? Fund Managers?
                                                                              1. DBS
                                                                              2. Asialink Trust Ltd
                                                                                1. Boardroom Corporate Services (HK) Ltd
                                                                                  1. Boardroom Ltd
                                                                                Show full summary Hide full summary

                                                                                Want to create your own Mind Maps for free with GoConqr? Learn more.

                                                                                Similar

                                                                                Creative Writing
                                                                                amberbob27
                                                                                Basic Spanish Vocabulary
                                                                                Alice McClean
                                                                                An Inspector Calls: Mr Arthur Birling
                                                                                Rattan Bhorjee
                                                                                Physics 1A - Energy
                                                                                Zaki Rizvi
                                                                                Roles of Education
                                                                                Isobel Wagner
                                                                                Maths
                                                                                xcathyx99
                                                                                PSBD TEST 2-2
                                                                                Suleman Shah
                                                                                Study Tips to Improve your Learning
                                                                                miminoma
                                                                                Using GoConqr to study English literature
                                                                                Sarah Egan
                                                                                Animal Farm CONTEXT
                                                                                Lydia Richards2113
                                                                                NSI / PSCOD/ ASSD
                                                                                Yuvraj Sunar
                                                                                Browse Library