Cayman Financial Review :: A trustee's Endnotes


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“Government versus Markets: The Changing Economic Role of the State” A future without money About CICA Accounting evolution for investment companies Canada TIEA establishes a new era for Cayman captives Cayman by the numbers Cayman Finance Cayman’s captives continue impressive growth Chapter 15 Update: “I’m in a New York state of mind” Conversation with...Duncan Taylor Corruption and the Cayman Islands Divide and conquer: Exchange of tax information between Cayman and Argentina FATCA and its impact on foreign banks – now it gets serious Germany in the European (dis)Union Growing focus on corrupt activities Growth, competition and playing fields Investing 101 – Setting the parameters Offshore financial centres and international development: Perversion of securities safe harbours for Ponzi schemes in bankruptcy Profiting in secular bear markets Quarterly update Reading money Real estate: The third pillar of Cayman’s economy Rethinking central banking in the 21st century: Special Economic Zone Law explained Stateless income and offshore financial services centres The age of compliance The disconnect between financial reporting and financial information needed for the preparation of US tax returns The evolution of Cayman banking The future of money. What is it? The future of offshore financial centres: The Omega Point of economic life (or how to end the Keynes vs. Hayek debate) The Technology of Money Towards a global asset-backed currency Towards an alternative global currency Unit trusts: Forget-me-not Why gold? Why sanctions compliance is an imperative Will “cost savings” now constitute proceeds of crime under United States legislation? Will the huge overhang of government debt be monetised?	A trustee's Endnotes TOPIC: Link Story July 23, 2010 > Comment on this story Main Story: A trustee’s top three [2006] CILR 307 [2003] 2 WLR 1442 which provides that “Where in the management or administration of any property vested in trustees, any…transaction is in the opinion of the Court expedient, but the same cannot be effected by reason of the absence of any power for that purpose vested in the trustees by the trust instrument, if any, or by law, the Court may, by order, confer upon the Trustees…the necessary power”. Such variations to the beneficial entitlements can be achieved by way of compromise of a genuine dispute or under the court’s statutory jurisdiction, under s. 72 of the Trusts Law, to approve variations on behalf of minor, unborn or unascertained beneficiaries, which will then take effect if all adult beneficiaries have also consented. Share your Comment We welcome your comments on our stories. Comments are submitted for possible publication on the condition that they may be edited. IMPORTANT IDENTITY INFORMATION: You will be able to create a ‘nickname’ which will allow you to remain anonymous, however, whilst we collect login information from you, this information will be kept confidential and only used to contact you directly, if required. We require a working email address - not for publication, but for verification. Please login to comment on our stories. Log In \| Register


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