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).