Article 70 - Power of the QFC Court to give directions
(1) This Article applies if the QFC Court is satisfied:
(A) that if it gives a direction it will assist a Trust to administer its assets or to carry out its objects; or
(B) that it is otherwise desirable for the QFC Court to give a direction.
(2) The QFC Court may give a direction as to:
(A) the meaning and effect of a provision of the Terms of the Trust ;
(B) the manner in which a Trustee or Enforcer is required to carry out the administration of the Trust's assets or the carrying out of its objects;
(C) the functions of any other Person appointed under the Terms of the Trust ;
(D) the functions of a Trustee ;
(E) whether a Person is a Beneficiary ;
(F) the rights of Beneficiaries under the Trust as between themselves or as between themselves and the Trust ;
(G) such other matters as the QFC Court considers relevant to the Trust , the Terms of the Trust , the administration of its assets or the carrying out of its objects;
(H) the provision of a copy of the Trust Instrument or the Terms of the Trust to a particular Person .
(3) The QFC Court may, in addition to giving a direction under Article 70(2), make such an order as it thinks fit to give effect to the direction.
Inserted (as from 24th December 2017). |