Authorised trustees (and fiduciary mandataries and administrators of private foundations) may only offer CSP services to persons to whom trustee services are being offered and not to persons that are not also the recipients of trustee services.

Environmental, social, and governance (ESG) investing is increasingly on the agenda in the trust arena as beneficiaries and settlors are increasingly incorporating ESG data into decisions...

For tax years ending on or after December 31, 2021, new reporting rules established by the Canada Revenue Agency (the "CRA") will require heightened disclosure and transparency for trusts.

During 2015, the Conduct Supervisory Unit within the MFSA embarked on an extensive desk based compliance review of Trusts and Fiduciaries following a thematic questionnaire where data was collected from a number of authorised persons.

Malta holds a respected position in international wealth planning, offering a legal framework that combines robust asset protection, strategic flexibility, and EU-aligned regulatory oversight.

In a recent article for Trusts & Trustees, Carey Olsen Bermuda's Ashley Fife considers certain aspects of the economic substance requirements relevant to private client structures

Following on from our previous article; An update to Isle of Man Trust Law, when we discussed the new act in bill form, the much anticipated Trusts and Trustees Act 2023...

In 2014, Malta introduced Private Trust Company provisions into its trusts legislation through the introduction of the concept of a trustee acting for a family trust, as the corporate equivalent...

On July 27, 2018, Finance Canada released Legislative Proposals, and Explanatory Notes relating to those Legislative Proposals that deal with, among other topics, the Reporting Requirements for Trusts as announced in Budget 2018.

The Trusts and Trustees Act (Fees) (Amendment) Regulations 2024 (the "Regulations"), published on 24th December 2024 through Legal Notice 372 of 2024...

The recent decision of the Ontario Court of Appeal in Penman v. Penman serves as a good reminder to trustees of their duties and responsibilities when acting as trustee.

The draft Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021 have been laid before parliament and are due to come into effect on 1 October this year.

Trustees are routinely faced with difficult situations that require carefully crafted solutions.

This article was originally published in December 2019 for the Trusts & Trustees Journal (Vol 25, No 10, pp 1025-1032), under the title ‘To reserve or not to reserve? That is the question – Part I'.

The Internal Revenue Service issued new guidance providing a safe harbor for certain investment trusts and grantor trusts that engage in staking of digital assets.

On the 8th of August 2023, the Malta Financial Services Authority ("MFSA") published a consultation document outlining proposed amendments to the Rules for Trustees of Family Trusts...

On 5th December 2024, the MFSA launched a consultation period on a proposed new Rulebook for Trustees and other Fiduciaries (the "New Draft Rulebook"), ending on the 31st January 2025.

A High Court judgment examines whether trustees can exercise their power of advancement to allow the 8th Marquess of Bath to add his son, born via surrogacy in the USA, as a beneficiary of the Longleat Estate family trusts. The case explores fundamental questions about the meaning of "benefit" in trust law and the interpretation of terms like "child" and "issue" in historic trust documentation, while also considering the implications of recent case law on trustees seeking court approval for momentous decisi