Malta has updated its legislation, firstly to accelerate setting up trusts and secondly to bolster i...
Malta has updated its legislation, firstly to accelerate setting up trusts and secondly to bolster its consumer protection regulations. The Trusts and Trustees Act 2004 now gives Malta courts wide powers to deal with dispute resolution and abuse. Regulatory approvals will require absolute transparency from trust creators and administrators. Dr Max Ganada who headed the team that researched and drafted the legislation, said: "Trusts law is always better when it is framed to enhance clarity in the creation of a trust particularly in areas such as inheritance, commercial transactions, ba...
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