Can trustee also be a beneficiary while setting up a trust in India?

Family Trust

The following article was first published in the Mint newspaper on 17th January, 2023. The same was written by our Private Client team at Cyril Amarchand Mangaldas, who frequently publish their comments and opinions in the Mint. The online version of the article can be found here.

‘Should I write a will or form a trust to distribute my assets?’, mentioned setting up a trust with a daughter as trustee and adding one more person as trustee and beneficiary. As far Read the rest

Former McDonald’s CEO Charged with Lying to Investors

When Stephen Easterbrook was first fired from his position as CEO of McDonald’s, the firing was listed as “without cause,” which allowed Easterbrook to keep his severance pay, including shares in the company. But that was before McDonald’s found out about the extent of Easterbrook’s alleged misconduct.

At the time he was fired, Easterbrook allegedly denied having any inappropriate relationships with any of his employees, except for one relationship, which he claimed had not been physical. Afterwards, an internal investigation … Read the rest

Wedded to The Law – striking marital discrimination failure explained (UK)

As the next in our occasional series of posts about The Law, here is a new Employment Appeal Tribunal decision so morally unjust that even the Judge himself didn’t want to make it.

Mrs Bacon was married to the majority shareholder of their joint employer, Advanced Fire Solutions Limited.  She was also employee, director and shareholder of AFS.  When she told her husband that she wanted to separate (but from him, not it) , he promptly demonstrated beyond reasonable argument … Read the rest

Frank Burke Inducted Into National Academy of Distinguished Neutrals

Happy 2023! I am pleased to announce that I have been inducted into the National Academy of Distinguished Neutrals (NADN) for both mediation and arbitration. I am thrilled to be invited to join such an elite group of mediators and arbitrators. 

The National Academy of Distinguished Neutrals is a professional association whose membership consists of ADR professionals distinguished by their hands-on experience in the field of civil and commercial conflict resolution. Membership is by invitation only and all Academy members … Read the rest

Res Judicata Bars Second Suit in E.D. La., Notwithstanding “New” Claim

Today we ponder “do-overs,” a timely topic as the House of Representatives struggles, over and over, to elect a speaker.  As we write, the seventh unsuccessful vote has just concluded.  We have learned that the record stands at 22 votes before the beleaguered candidate finally prevailed.  This was in 1820, as John W. Taylor, an outspoken abolitionist, ran against a pro-slavery opponent for the seat vacated by Henry Clay, who resigned after shepherding the Missouri Compromise to victory.  All kinds … Read the rest

Overview: TPA’s Boundary of Insurance Activities in China

I. Introduction

When referring to insurance, the first term that comes up with one’s mind is likely to be insurers, which are mostly known to operate insurance businesses. Nowadays, with the growth of the insurance industry, other entities also emerge such as insurance agents, brokers, and loss adjustors. These entities play different roles to prosper the industry in many ways, for example, to provide more value-added services to their clients and to ensure the smooth process of insurance. Among them, … Read the rest

One last look at 2022’s Top Ten

— OPINION —

With but a few hours remaining, it’s time to look back at the important food safety events and trends of 2022. While Food Safety News stories are the source of much of what was important during the year, we like to think our approach is more meaningful than the “top stories” approach. So, with time being short, let’s get started with a look at some of the news from the past year.

No. 1 – Chaos theoryRead the rest

Top 7 Gambling Trends to Look Out for in 2023

Going from a few billion dollars to over $ 81 bn in a matter of a decade is astronomical for any industry. Such is the case of the online gambling industry. And with 5G in coming years, there is no stopping this industry from growing even further.

In this blog, we will analyse the gambling trends you need to look out for in 2023.

A Quick Recap of Major Gambling Events in 2022:

Let’s have a look at the top

Read the rest