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Innovative and impartial international tax planning, company, trust and pensions services in Gibraltar for private clients, their businesses and their families.
How to safeguard your assets against Litigation
Litigation in the professions is a factor that will not go away and with the continued selling of no-win, no-fee legal advice becoming more and more prevalent, along with continually increasing compensation payouts, it is now an important consideration for the hard-working professional to ensure that their past savings and wealth are not at risk from over-zealous lawyers.
Be it doctors, dentists, architects, engineers or any other trained professionals offering a service, there is now a greater risk than ever in carrying out that profession. In Malaysia, as with the remainder of South East Asia, it is no different with the number of claims for professional negligence rising rapidly along with the size of the compensation awarded.
In response to enquiries from a number of medical practitioners, STM Group has developed an Asset Protection Trust which takes advantage of Gibraltar’s Bankruptcy legislation which has been amended to incorporate Registered Dispositions and can be used to safeguard existing assets from future as yet unidentified creditors making claims. Gibraltar is an English colony and practises under the auspices of English Common Law and is therefore an ideal jurisdiction to preserve hard-earned wealth.
Click here for further details on how a Gibraltar Trust can help safeguard assets in the unfortunate event of professional negligence claims or litigation.
