Guernsey is on the brink of introducing its Foundation Law. Hannah Beecham reports on what a Foundation is and why Guernsey believes its new legislation will earn this latest product a place in the premier division
Offshore finance centres thrive on their ability to deliver niche products to their markets. And today’s global client-base means jurisdictions like the Channel Islands must ensure their windows display a complete oeuvre appealing to all client persuasions and traditions. Which is exactly the purpose of Guernsey’s latest product development - foundations. A foundation fits within the fiduciary range of tools, improving upon the trust model as it slots more readily into civil law jurisdictions’ understanding of such devices. Guernsey Finance CEO Peter Niven explains that the new...
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