f) The Trust Law
Committee has proposed legislation adopting Florida's version of the Uniform Directed Trust Act.
The DIFC's established wealth management sector, comprising around 200 asset management companies and specialist advisers, stands to benefit significantly from the DIFC's new private wealth regime, inclusive of the newly proposed Trust Law
and Foundation Law regimes.
His Excellency Essa Kazim, Governor of DIFC and Chairman of the DIFC Authority Board of Directors, commented, "The proposed new Trust Law
and Foundations Law will significantly enhance DIFC's wealth management proposition by ensuring that lifetime and succession planning for families at the Centre will have a robust legal status.
Those circuits shifting the burden of proving causation to the defendant have done so by relying on trust law
Going to court and relying on trust law
to resolve a cohabitees' dispute over property should always be a last resort.
And while the trust law
changes didn't bring Exeter Trust to New Hampshire or create many jobs here, it is involved in the community, contributing to such organizations as Strawbery Banke, Henry said.
(16) For example, questions have been raised about the adequacy of due process protections in arbitration as well as the ability of arbitrators to handle the kind of complex, multiparty disputes that often arise in trust law
, (17) even though every other area of law has overcome these kinds of worries about the legitimacy of the arbitral process/s However, the root of the problem may simply be that "[m]any trust practitioners have never encountered arbitration." (19) While trust lawyers are often proud of the specialized nature of their practice, this may be one instance where the traditional isolation of the trust bench and bar has resulted in trust specialists' not being exposed to some of the more positive advances that have been made recently in arbitration law.
"We recognise REITs as an important investment asset class and we are positive that the unit trust structure would facilitate the establishment of a variety of innovative products, utilising the Financial Trust Law
of Bahrain in addition to the current CIU regulations.
Two Seas is a JV company licensed by the Central Bank of Bahrain (CBB) under the Financial Trust Law
The "Waaf" in Islamic law, which developed between the seventh and ninth centuries, bears a resemblance to trusts in English trust law
. For example, every Waaf was required to have a founder, trustee, judge and beneficiaries.
But Joshua Rosenkranz, a lawyer with HellerEhrman LLP in New York who represented the claimant, argued that trust law
, a higher standard, should prevail.
In August 1997, four respected leaders of the native Hawaiian community and a professor of trust law
publically accused the Bishop Estate's trustees with gross incompetence and severe trust abuse, to the point of being criminal, in a statement titled "Broken Trust".