Five key similarities between a South African Domestic Trust and a Channel Islands Foundation
South African trust law is based on the law of contract and particularly stipulatio alteri. This means the SA Trustee enters into an agreement with a settlor to hold trust assets for the benefit of the beneficiaries of the trust. This position is very different to the common law trusts of Guernsey and Jersey (“CI Trusts”), which are underpined by equitable principles.