The Government of Jersey has released its response paper in relation to amendments proposed to be made to the Trusts (Jersey) Law 1984.
This follows a consultation process which ran from 11 April to 4 July 2016, with the consultation paper drawing upon the work of the Jersey Finance Trusts Law Working Group.
The response paper confirms that a number of helpful amendments are to be made to the Trusts Law: these will be introduced as Amendment No. 7.
Offshore law firm Bedell Cristin said that whilst recognising the importance of preserving the flexibility and reputation of the legislation, the changes wi...