Abstract
The British Virgin Islands has recently introduced a substantial
number of reforms in relation to trusts and estates. These have
been made in addition to those innovations relating to variation,
reservation of powers and the jurisdiction's firewall
offering, which are considered in earlier articles in this
periodical.1 These further reforms include those
enabling foreign grants of representation to be resealed in the
jurisdiction, the reintroduction of ‘the old rule in
Hastings–Bass' and refinements to the territory's
highly popular private trust company offering.
Issue Section:
Article
In addition to its ground-breaking new provisions enabling the
dispositive provisions of a trust to be
varied,2 its new reserved power
provisions3 and the enhancements to the British
Virgin Islands' (BVI) firewall
offering,4 which were covered in earlier editions
of this periodical,5 the BVI has introduced a
significant number of further reforms6 relating to
trusts
