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April 4, 2017

Well planned and managed trusts can be a huge help in managing family business wealth and legacy but what happens when the relationship between trustees and beneficiaries breaks down? Richard Manyon, disputes resolution partner at Payne Hicks Beach, takes a look.

Well planned and managed trusts can be a huge help in managing family business wealth and legacy but what happens when the relationship between trustees and beneficiaries breaks down? Richard Manyon, disputes resolution partner at Payne Hicks Beach, takes a look.

January 22, 2012

In the American comedy series Curb Your Enthusiasm, Larry David greets pieces of obvious information that reflect badly on him by throwing up his arms and crying: “Who knew?” In truth Larry David always did know, of course.

In the American comedy series Curb Your Enthusiasm, Larry David greets pieces of obvious information that reflect badly on him by throwing up his arms and crying: “Who knew?” In truth Larry David always did know, of course. It’s funny because he’s a grown man who just can’t ever accept that he’s ever done anything wrong. He’s a big kid who wants to avoid responsibility. His need to remain a child is, a psychiatrist might say, a way of refusing to be a moral agent.

January 6, 2011

Hyundai Group, the South Korea-based conglomerate controlled by the Chung family, had its bid to block the sale of Hyundai Engineering & Construction to rival Hyundai Motor rejected by a court in Seoul on 4 January.

Hyundai Group, the South Korea-based conglomerate controlled by the Chung family, had its bid to block the sale of Hyundai Engineering & Construction to rival Hyundai Motor rejected by a court in Seoul on 4 January.

The ruling leaves Hyundai Motor, which is controlled by a rival branch of the Chung family, free to acquire the 35% share of Hyundai E&C both sides of the family had been bidding for.

February 2, 2010

Turkey’s Dogan family, owners of one of the country's biggest conglomerates, has won a small victory after a court revoked part of a huge set of tax fines against the media arm of its empire.

Turkey's Dogan family, owners of one of the country's biggest conglomerates, has won a small victory after a court revoked part of a huge set of tax fines against the media arm of its empire.
 
Tax inspectors alleged that Dogan Yayin Holding AS had falsified the sale date of a 25% stake in the group's TV unit to Axel Springer AG of Germany. The court has now cancelled a fine worth 772.5 million Turkish lire ($516 million).
 

November 1, 2006

Harry is a hard-working man who built a successful business by sweat, ingenuity and force of will. He was good at understanding what people wanted and used that talent to build a company in the US that manufactured luxury items for successful businessmen and others who wanted to make a statement. The company, ImageMaster, grew quickly, possibly too quickly. ImageMaster needed to rapidly expand to meet the growing demand for its specialty products. The business seemed to be growing faster than Harry's ability to manage it effectively.

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