Full Description
As globalisation continues, opportunities are arising for practitioners in trust jurisdictions that did not exist a few years ago. Growth continues in the traditional trust jurisdictions, especially in civil law jurisdictions where trusts have previously been used in a limited capacity. In parallel, the concept of the foundation has been adopted by a number of common law jurisdictions that until recently have relied exclusively on the trust.The fourth edition of 'Trusts in Prime Jurisdictions' features fully updated chapters plus new chapters on Quebec, Hong Kong, Singapore, Israel, what it means to be a fiduciary, Islamic (waqf) trusts, and trusts in relation to divorce, among others. The new edition, produced in association with STEP, provides a solid grounding in the use of trusts in a wide range of important jurisdictions. It also examines related topics, including trust taxation, anti-money-laundering laws, the OECD initiative and the notion that countries are entitled to collect taxes beyond their borders.Featuring chapters by leading professionals and recognised academics, many of whom are STEP members, the fourth edition of 'Trusts in Prime Jurisdictions' is an important handbook for all lawyers, trust practitioners and banking professionals working in the field.
Contents
Preface 7Geoffrey ShindlerOld Trafford Consulting Ltd; Nova Private Client LLPIntroduction 9Alon KaplanAdvocate and NotaryBarbara R HauserIndependent Family AdviserAbout STEP 13David HarveySTEPPart One: IntroductionThe Hague Convention on the Law Applicable to Trusts and their Recognition 17Hein KoetzMax-Planck Institut fur auslandisches und internationales Privatrecht; International Academy of Comparative LawThe Hague Convention on Trusts and the Uniform Trust Code 27Michael W GalliganPhillips Nizer LLPPart Two: Jurisdictional overviewAustralia 47Allan BlaikieNatalie HickmanClayton UtzBahamas 67Peter D MaynardPeter D Maynard Counsel & AttorneysBritish Virgin Islands 85Vanessa KingChris McKenzieO'Neal WebsterCanada 107Rachel BlumenfeldMartin RochwergMiller Thomson LLPCayman Islands 123Nigel PorteousMaples and CalderCyprus 145Emily YiolitisHarneys Aristodemou Loizides Yiolitis LLCEngland and Wales 159Martyn GowarZiva RobertsonMcDermott Will & EmeryGibraltar 185Moses AnahoryWayne FortunatoJames Levy QCHassansGuernsey 201Natasha KappNina SilvaCarey OlsenHong Kong 219Philip MunroWithers LLPIndia 231Ravi NathRajinder Narain & CoIsrael 245Lyat EyalAronson Ronkin-Noor Eyal Law FirmAlon KaplanAdvocate and NotaryJapan 255Makoto AraiChuo University, TokyoJersey 273Justin Harvey-HillsMourant OzannesLiechtenstein trusts and foundations: creation and operation 287Dietmar LoretzDavid Vogt & Partner Trust regLuxembourg - fiduciary contracts and trusts 301Paulo PanicoPaolo Panico's Law Chambers - Private Trustees SAMalta 311Priscilla Mifsud ParkerChetcuti Cauchi AdvocatesNew Zealand 327Michael ReynoldsAnchor Trustees LimitedQuebec 341Marilyn Piccini RoyRobinson Sheppard Shapiro LLPScotland 361Paolo PanicoPaolo Panico's Law Chambers - Private Trustees SASingapore 381David CheeSeah Ching LingDrew & NapierTrusts in Switzerland: core implications for the Swiss estate planning environment 397Dominique JakobUniversity of ZurichPeter PichtMax Planck Institute for Innovation and Competition; University of ZurichSwitzerland 415Daniel BaderDaniel LeuBaer & Karrer LtdUnited States 431Barbara R HauserIndependent Family AdviserThe use of US trusts in international estate planning 451Stanley A BargKozusko Harris DuncanPart Three: Special TopicsAsset protection trusts 457Gideon RothschildMoses & Singer LLPInternational trust litigation, jurisdiction and enforcement 483David I FaustFaust Oppenheim LLPThe trustee as fiduciary: some practical considerations 505David I FaustFaust Oppenheim LLPFiduciary responsibility: the trustee role and its risks 519Susan R SchoenfeldWealth Legacy Advisors LLCTrusts, trustees and family businesses 531Christian StewartFamily Legacy Asia (HK) LimitedWaqf as a form of trust 551Judge Mohammad Abu ObiedJudge in the Shariah Court in Nazareth and Baqa, IsraelSettlor control and influence through the use of settlor-reserved powers and private trust companies 559Paul MatthamsCarey OlsenThe UK tax treatment of offshore trusts 571Maggie GonzalezBuzzacott LLPTrusts and money laundering 619Yehuda ShafferDeputy State Attorney (financial enforcement), IsraelInternational family governance: integration with family trusts 637Barbara R HauserIndependent Family AdviserTrusts and divorce 647Ziva RobertsonMcDermott Will & EmeryTrustees' mistakes: England and elsewhere 663Adam S Hofri-WinogradowHebrew University of Jerusalem; University of Connecticut School of LawGad WeissHebrew University of JerusalemThe trust protector - a mini-revolution in trust law 673Alexander A Bove JrBove & Langa Law FirmTrusts under attack - privacy, transparency and conflict with the taxman 703Filippo NosedaWithersAbout the authors 713
