• Part 12: Part 12: Provisions Applicable to a Foreign Trust

    • Article 62 – Enforceability of a Foreign Trust

      (1) Subject to Article 60(2), a Foreign Trust will be regarded as being governed by, and will be interpreted in accordance with its Governing Law.
      (2) A Foreign Trust will be unenforceable in the QFC:
      (A) to the extent that it purports:
      (i) to do anything which is contrary to the laws of the QFC; or
      (ii) to confer any right or power or impose any obligation the exercise of which is contrary to the laws of the QFC; or
      (B) to the extent that the QFC Court declares that the Trust is immoral or contrary to policy.
      Amended (as from 24th December 2017).