England & Wales Law Commission to re-examine trust law

The Law Commission is to make recommendations to amend the trust law of England and Wales, with a view to attracting new business to the UK in a competitive world.

The current legal framework, based on the Trustee Act 1925, has been left behind by the development of new legal structures elsewhere in the world – not least the British overseas territories and Crown Dependencies, as well as Singapore and New Zealand.

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