Jersey firm Mourant has sent a private wealth team to Dubai to help develop a training programme on trust practice, based on the Dubai International Finance Centre legislation.
The Jersey team delivered a two day course to local finance professionals who are about to enter the newly created DIFC trust industry. The DIFC established its own trust legislation in 2005 and the first home grown trust company is expected to be licensed later this year. Those on the course included in house legal counsel, senior relationship managers from private banks and family office representatives from local Dubai organisations. The training programme is a joint venture between Mourant Private Wealth and Emirates law firm Al Tamimi.
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