Wildy Logo
(020) 7242 5778
enquiries@wildy.com

Book of the Month

Cover of Company Directors: Duties, Liabilities and Remedies

Company Directors: Duties, Liabilities and Remedies

Edited by: Mark Arnold KC, Simon Mortimore KC
Price: £275.00

Lord Denning: Life, Law and Legacy



  


Welcome to Wildys

Watch


NEW EDITION Pre-order Mortgage Receivership: Law and Practice



 Stephanie Tozer, Cecily Crampin, Tricia Hemans
Practical guidance to relevant law & procedure


Offers for Newly Called Barristers & Students

Special Discounts for Newly Called & Students

Read More ...


Secondhand & Out of Print

Browse Secondhand Online

Read More...


Luxembourg: A New Trust Jurisdiction


ISBN13: 9781901614220
ISBN: 1901614220
Published: June 2004
Publisher: Key Haven Publications PLC
Country of Publication: UK
Format: Paperback
Price: £75.00



Despatched in 9 to 11 days.

As of 1st January 2004 the Hague Convention on the Law applicable to Trusts and on their Recognition of 1st July 1985 came into force in the Grand Duchy of Luxembourg. Trusts have therefore obtained a full right of citizenship in a further civil law country, after the successful experiences of Italy, the Netherlands and Malta.

By the same token, the domestic regulation of Luxembourg fiduciary contracts was amended in such a way to fit the definition of “trusts” under the Hague Trusts Convention and therefore to qualify as the civil law equivalent to a trust.

A pragmatic and effective legislation allows to consider the Luxembourg fiduciary contract as a possible alternative to other international fiduciary arrangements, especially in a financial context. This book provides an accurate and updated coverage of Luxembourg fiduciary contracts and their main applications in the context of banking transactions, financial security arrangements and securitisation.

The alternative forms of fiduciary set-ups available under Luxembourg law are equally surveyed with a comparative perspective. At the same time, the book provides an extensive coverage of the use of trusts in Luxembourg, with a specific focus on case law, tax issues and banking practice.

The taxation of trusts under the European savings Directive 2003/48/EC of 3rd June 2003 is specifically dealt with, as well as the interplay between the Luxembourg banking secrecy requirements and disclosure duties under the “know your customer” regulations currently in force. Some practical issues as regards banking operations involving trusts are dealt with in some detail.

Subjects:
European Jurisdictions
Contents:
Chapter 1 : The Luxembourg Legal System: A Few Historical Remarks
Chapter 2 : Fiduciary Relationships in Luxembourg Prior to the Hague Trusts Convention
Chapter 3 : Trusts and Fiduciary Contracts in Luxembourg under the Law of 27th July 2003
Chapter 4 : Fiducie Sureté and Transfer of Title by way of Security
Chapter 5 : Tax Treatment of Trusts and Fiduciary Contracts under Luxembourg Law
Chapter 6 : Trusts, Banking Secrecy and “Know Your Customer” Rules in Luxembourg
Chapter 7 : Securitisation and Security Trustees in Luxembourg under the Law of 22nd Mar 2004