Abstract

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.