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 Trustwill be regarded as being governed by, and will be interpreted in accordance with its Governing Law.(2) A Foreign Trustwill 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 Courtdeclares that the Trustis immoral or contrary to policy. Amended (as from 24th December 2017).