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Charitable Control

The Diocesan School  Cayman investmentcontroversy invites consideration of what it is that a charity is and does.  Registered charities receive tax concessions and commonly also receive donations and bequests.  The donors may perceive a higher level of accountability or investment caution, as a result of that charitable status. However, that assumption (even if founded on the belief … Continue reading

Empty Table

In the Matter of the Representation of First Island Trustees Limited raises interesting considerations about the position of a trustee who finds itself in a situation where the family who was to benefit has effectively disavowed the Trust.  The decision also highlights the practical aspect of anti-money laundering obligations and client due diligence where there … Continue reading

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