|The Physical Object|
|Number of Pages||316|
Analyses of the Guernsey Law of Trusts [Raymond Ashton] on *FREE* shipping on qualifying offers. analysis of the legal principles underpinning Guernsey trust law; and where there is no clear Guernsey authority on a particular point of law it gives a reasoned view on the point, drawing on the relevant legal principles, together with a broad assessment of the confidence of which the authors hold that view. Trusts terminology. The settlor of the trust is the owner of the assets to be placed on trust. The settlor creates the trust and may also benefit under its terms. Subject to certain conditions, a settlor may also act as a trustee of the trust (though this . The current Trusts (Guernsey) Law, came into force on the 17 th March (“the Law”). A Trust is defined as where: A person or company (a “Trustee”) holds or has vested in him, or is deemed to hold or have vested in him, property which does not form, or which has ceased to form, part of his ownFile Size: 82KB.
Laws of Guernsey is the first textbook of modern times to introduce the core areas of Guernsey law and court procedure. It is essential reading for the many individuals and entities with business either in Guernsey or governed by Guernsey law.5/5(2). (3) For the purposes of subsection (1)(a), where the proper law of a. trust is expressed (in whatever terms) to be the law of the Bailiwick of Guernsey, without further particularity, the proper law of the trust shall be deemed to be the law. of Guernsey. Relevant Sections of the Trusts (Guernsey) Law (as amended) (the Law) Section 26(1) of the Law requires a trustee, subject to the terms of the trust and at the written request of any beneficiary (among others), to provide information as to the state and amount of the trust property. File Size: KB. The authoritative text of the enactment and of the amending instruments may be obtained from Her Majesty's Greffier, Royal Court House, Guernsey, GY1 2PB. An electronic version of the original enactment is available - Trusts (Guernsey) Law,
Ownership is an essential feature of trusts that serves as a useful analytical and comparative tool in order to cross legal traditions and compare different legal institutions, which to a greater or lesser extent serve similar socio-economic and legal : Daniel Clarry. (2) A trust the proper law of which is the law of Guernsey is referred to in this Law as a " Guernsey trust ". (3) For the purposes of subsection (1) (a), where the proper law of a trust is expressed (in whatever terms) to be the law of the Bailiwick of Guernsey, without further particularity. | Guernsey Trusts | 4 of 7. Like a number of offshore jurisdictions and more than a dozen US states, Guernsey is a. jurisdiction in which a client can establish a self-settled trust for his or her own benefit, with. a legitimate goal of protecting the trust assets from creditor claims. 3. “Extending the constructive trust to cover bribes and secret commissions, which are obtained by a fiduciary, is an example of the courts fulfilling their role in Equity.” Critically discuss. 4. “There is no truly satisfactory explanation of the resulting trust in the law of England and Wales. Several models of the resulting trust have.