TQR: September 2023

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Banner picture for tqr issue 3 2023

TQR: September 2023

In Issue 3 of the Trust Quarterly Review, we explore the concept of saisie judiciaire following a recent UK Privy Council decision in the Jersey case of Fang; provide an overview of new legislation clarifying the tax treatment of trusts in Brazil; look at new trust reporting rules and guidance in Canada; and offer an analysis of the tension between ethical investment theory and traditional trustee investment duties, with a focus on New Zealand.Plus, we look at some of the latest trust developments across the globe.

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Taxonomy avoidance

Foreword: ‘Time spent on reconnaissance is never wasted,’ ran the 1909 British Army Field Manual, probably repeating a long‑standing maxim. But for the lawyer, the dictum has to be: ‘Time spent on precise definition is essential’.

Sharper Fangs

Continuing the fight against cross-border financial crime

Measure for measure

New proposed legislation clarifies the tax treatment of trusts in Brazil

Ethical dilemma

The tension between ethical investment theory and traditional trustee investment duties

Untangling the web

New trust reporting rules and guidance in respect of the CRS and FATCA in Canada