Our trusts law practice specialises in the creation of all types of BVI, Cayman and Cyprus trusts with particular emphasis on the creation of trusts to hold family trading and investment companies.
The BVI court recently considered the construction of the Trust Deed of a BVI administered trust (the Trust). The Trust Deed listed a number of beneficiaries under the Trust defined as Specified Beneficiaries. Each Specified Beneficiary was listed with... read more
Harneys Associate Will Burnell discusses Jersey's statutory provisions regarding the Hastings-Bass principle, and considers whether the British Virgin Islands should follow suit. read more
Our trust attorneys team is at the forefront of creating new and innovative trust solutions that seek to complement and safeguard the holding of assets by a BVI Business Company, Cayman Exempted Company or Cyprus Company.
We are frequently instructed by leading international law firms, professional trust companies, leading private banks and wealthy private families on all matters relating to BVI, Cayman and Cyprus trust law.
Our trusts practice has been recognised by both the Society of Trust and Estate Practitioners (STEP) and Citywealth in their 2013 awards shortlists. The trusts team was shortlisted as Legal Team of the Year for STEP’s Caribbean Awards, and as International Law Firm of the Year in the Citywealth Magic Circle Awards.
Our family trust law team is able to provide trust solutions that are tailored to a client’s individual needs and range from a simple trust to hold assets for one family generation, to a complex trust designed to last for multiple generations.
We have developed particular expertise in creating trusts, frequently using the VISTA (BVI), STAR (Cayman), and the Cyprus International Trust regimes, specifically for use in the holding of trading businesses, with an emphasis on the unique needs and requirements of wealthy private clients from India, Latin America, Asia and Russia.
Private Trust Companies and the Family Office
Our team is at the forefront of providing advice and assistance in the creation of private trust companies as an integral part of the establishment of a private family office, and has developed innovative solutions for the holding of shares in a private trust company. We can assist private trust companies with all aspects of trust administration, including accounting services or the preparation of meeting minutes and related documents.
We are regularly instructed to create non-charitable purpose trusts for commercial off-balance sheet purposes, and charitable purpose trusts for wealthy entrepreneurs who wish to make benevolent donations in a private and confidential manner, while avoiding the public registration and scrutiny encountered in their home jurisdiction.
Our team is experienced in the use of trusts for commercial financing solutions and the creation of unit trusts for both opened and closed end schemes. We have experience in the creation of employee trusts and insurance trusts.
Regulation of Trusts and Trust Companies
We regularly advise in relation to the statutory regulation of companies conducting trust business, whether as trustee, protector of a private family trust or a company acting as the manager of a mutual fund.
Our will lawyers can draft and prepare all types of wills, from a simple will disposing of shares in a BVI Business Company, Cayman Exempted Company or Cyprus Company to a complex will establishing a family trust.
International Estate Administration
Our team is able to assist in the process of obtaining probate to an asset held in the BVI, Cayman or Cyprus, and can assist in the practical administration of estates.