Trusts
Trust may be a common concept known internationally. However, in the Cambodian legal context, trust is relatively new and involves different actors. The enactment of the Law on Trust in 2019 marks a significant development in the Cambodian trust-related legal framework designed to facilitate and safeguard the interests of investors engaging in trust-related businesses. It is important for the potential investors, trustors, trustees, and beneficiaries to understand the different types of trust and the legal requirements and benefits for each respective type of trust.
Notwithstanding the recent introduction of trust-related businesses and corresponding legal structures within Cambodia, our Trust Practice Group has been diligently assisting local and international clients in achieving compliance with the statutory requirements. Our team is very experienced in the sector, has successfully advised clients on a number of trust-related matters and registration, and is ready to provide legal support and assistance to contribute to your success.
The services of our Trust Practice Group cover the following:
- Drafting and reviewing relevant documents for trust related matters
- Issuing general legal advice for trust related matters
Tayseng Ly
Managing Partner
Mr. Ly is an experienced business lawyer with demonstrated focus and expertise in the practice areas of Corporate, Banking, Securities, Trusts, M&A, Mining and Energy, Real Estate, Tax, Insolvency, Arbitration, and Commercial Litigation.
Lyhout Yin
Partner
Head of Corporate & Commercial
Mr. YIN handles a broad range of corporate matters including incorporation of companies, change of company’s shareholder and director, increase of capital of the company, change of the company’s address and so on with the Council for the Development of the Cambodia, Ministry of Commerce and General Department of Taxation.
Vareap Say
Senior Associate
Before joining HBS LAW, Mr. Vareap has worked in the oil and gas unit of the government for the past 7 years. As the Head of office, he was responsible for the internal process of formulating laws and regulations to govern the petroleum activities of the country.
Peakdey Hieng
Attorney-at-Law
Ms. Hieng started her employment at HBS LAW in 2015, supporting the firm with regards to an extensive range of matters. She is a member of the General Corporate and Investment, Banking and Finance, and Dispute Resolution and Litigation Practice Groups.
Kunthea Ly
MP Assistant
Kunthea has obtained L.LB from Royal University of Law and Economic (“RULE”). She has participated in international commercial arbitration moot and participated in the leadership program as a volunteer.
Related Publications
Legal Brief July 2019: Creating a Will.
Deal Lists
- Facilitated our clients, inclusive of banks, legal entities, and individuals, in securing the requisite permits and licenses related to trust business operations from the Trust Regulator of Cambodia.
- Rendered a legal opinion on the legal aspects and procedure on the requirements under the trust law and regulations in force.
- Assisted our clients in the review of trust deeds and other relevant legal documents in connection with the first-ever issuance of trust fund unit in Cambodia.
- Prepared template trust deed in Khmer and English for clients’ use and operation.