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The first of this three-part series reviewed some of the issues with which Cayman based trustees have been grappling during the recent period of economic uncertainty. During the first half of 2010, a renewed sense of optimism developed among clients and practitioners alike. While 2009 appeared to be dominated by restructuring work and problem solving, by most accounts private client practitioners in the Cayman Islands are busier setting up new trusts and fielding fresh inquiries.
As we return to the idea that it is “business as usual” there is more time to focus on some important recent trends and developments in case law and legislation and what they may mean for trustees.
The second part of this series will therefore examine three important topics in respect of which there are likely to be developments in the near future that may affect local trustees.
The third part of this series looks at fundamental principles to which a trustee should have regard in its day to day interactions with settlors and beneficiaries and other recent developments, both in case law and in legislation. Click here to access Part 3.
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A Trustee’s Top Three: Watch This Space