Drafting Cayman Islands Trusts

(Hardback, 2nd edition)

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Description

Written in a straightforward, modern style and providing a comprehensive set of trust precedents this book is a value-adding reference work on key areas of trust law for private client practitioners.

Containing a detailed discussion of administrative provisions, some of which are not generally dealt with in conventional textbooks on English trust law, it provides answers (with appropriate reasons and authority, where available) to a number of important questions for practitioners, such as: Are forfeiture clauses valid, and do automatic flee clauses work How should a drafter provide for the trust's proper purpose, and
would STAR trusts be recognised in other jurisdictions How can one validly restrict a beneficiary's right to information and trust documents, and what indemnities should retiring trustees request from their successors

The Second Edition reflects important new case law (in the Cayman Islands, England and other leading trust jurisdictions), legislative changes, changes to drafting practice and includes fully updated precedents which are also supplied as an accompanying electronic download. The meaning and, where relevant, the source of each provision used in the precedents is explained in the book, with suggested wording for common alternative options, as well as discussions of some common drafting mistakes and traps to avoid.

This title is included in Bloomsbury Professional's Banking and Finance Law online service.

Reviews

a valuable edition for anyone concerned with the drafting of Cayman Islands trusts or understanding their particular role in international asset planning arrangements.This is a great addition to practical trust literature -- John Goldsworth * Trusts & Trustees, 2007, Vol. 13, No. 2 (Review of 1st edn) *

Author Bio

James Kessler KC, Barrister, Old Square Tax Chambers, UK
Tony Pursall, Consultant, Mourant Ozannes, UK