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Bermuda
Kennedys Law LLP
It has been said that the narrow view of protector consent provisions has the effect of limiting the role of the protector.[1] To this, Kawaley AJ in X Trusts said:
Kennedys Law LLP
It is worth noting as a starting point that there is no requirement to appoint a protector. It has been suggested that the concept has been more popular in relation to offshore trusts because ...
Kennedys Law LLP
In this mini-series of articles, we explore the role of protectors insofar as the same can be identified in general terms, although it will, of course, always be necessary to have regard to the express terms of the trust instrument ...
Kennedys Law LLP
Ultimately, the protector's role in relation to any given trust will be determined with regard to the express terms of the trust instrument. The powers granted to a protector can be broadly categorised as "positive" powers and "veto" powers.
Conyers
Bermuda is a British Overseas Territory with a parliamentary legislature and has been largely self-governing since 1620. It has economic, legal and political stability...
Carey Olsen
This guide to Bermuda's private client sector includes commentary on tax, trusts, foundations and private wealth structures used within the jurisdiction...
Carey Olsen
Section 47 of Bermuda's Trustee Act 1975 provides trustees of Bermuda trusts with a very useful and flexible tool for varying trusts in the absence of the necessary power...
Appleby
Cornelius Vanderbilt died in 1877 with legendary wealth, which his son quickly doubled, becoming the richest man on earth — yet, within a generation...
Conyers
In Bermuda, our most popular posts and publications brought you insight into our Corporate practice, along with regulatory updates, reflections on trust disputes and immigration news.
Kennedys Law LLP
Given the contents of the letter of wishes might shed light on the trustee's reasoning, there is no automatic entitlement on the part of the beneficiaries to disclosure outside the litigation context.
Kennedys Law LLP
This second essay addresses the extent to which it is possible to amend or replace a letter of wishes and the effect of the same.
Ocorian
Frederica Evans, Client Director for Ocorian Trust Services, discusses all things Bermuda master trusts and sub-trusts from what they are to how they work...
Kennedys Law LLP
This essay is the first in a three-part mini-series which will consider: the status of a settlor's letter of wishes, including the extent to which the trustee is bound by the settlor's wishes and the circumstances ...
Conyers
Bermuda is a popular and highly regarded jurisdiction for managing the offshore family assets of wealthy, international families due to several favourable characteristics.
Conyers
The Trusts (Regulation of Trust Business) Act 2001, as amended (the "Act") was passed as a direct result of recommendations of the KPMG Report on Bermuda and aims to regulate persons...
Conyers
Bermuda has a substantial charitable, or not-for-profit, sector which provides assistance for the domestic community. As of July 2023, there are approximately 290 charities fully registered pursuant...
Appleby
I was on the accounting route (studied economics for 4 years and then worked at PWC) but changed tack at the last minute to study law which I thought would be far more sexy.
Worldwide
Appleby
Advisers based in the UK were recently shocked by the government's announcement of far-reaching changes to the way in which non-domiciled individuals...
Conyers
Welcome to the 9th edition of the Conyers Private Client and Trust Bulletin with updates from Bermuda, the BVI, the Cayman Islands and Hong Kong.
Conyers
Welcome to the festive edition of the Conyers Private Client & Trust Bulletin, where we update on recent matters of interest from our jurisdictions of Bermuda, BVI and the Cayman Islands.
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