Jersey trust law tinkering — some improvements
On 2 November 2012, the Trusts (Amendment No 5) (Jersey) Law came into force, making a number of changes to the Trusts (Jersey) Law 1984.
While none of the amendments are particularly profound, they are nevertheless significant in so far as they look to create greater certainty for both professional trustees and their clients in a number of areas where, to date, there has been some doubt. The net effect of the changes will, hopefully, be to make the administration of Jersey law trusts simpler and cheaper.
This article briefly reviews a number of the amendments that are likely to have the greatest impact upon practitioners, settlors and beneficiaries…
If you are registered and logged in to the site, click on the link below to read the rest of the Appleby briefing. If not, please register or sign in with your details below.
News from Appleby
News from The Lawyer
Briefings from Appleby
The law in Jersey relating to the consequences of receiving a bribe has recently been clarified.
FATCA’s implementation is now on a tight timeline, and there are steps that must be taken by each CLO Issuer and its Board of Directors in short order.
Analysis from The Lawyer
Offshore law firms have long supplemented their legal offerings with fiduciary business, but will that model last?
Business is booming in the Isle of Man, a small jurisdiction that thinks big