The Gibraltar private client and trust industry has welcomed an important wave of new legislation which promises to enable practitioners to offer clients further services and solutions. In line with the practice in other leading financial centres, the new legislation, the bulk of which came into force on 17th September 2015, will enable Gibraltar to offer purpose trusts, private trust companies and control the determination of questions regarding Gibraltar trusts in international courts. To complete the current developments, legislation enabling clients to establish foundations in Gibraltar is on the horizon, and is expected to become effective within the next few months.
Read more about it here in an article produced by trainee solicitor Tania Rahmany at Hassans. private-client-legislation-update-associated-with-Hassans