Post by Sapphire Capital on Jul 11, 2008 23:25:04 GMT 4
Since Switzerland has adopted the Hague Convention on Trusts they implemented Trusts as possible legal vehicle into the financial and general business community in the form of a seperate entity.
link: for a discussion see: www.cr-law.co.uk/resources/pdf/Private_Client__Switzerland_gets_the_trust_bug_-_article_in_CR_briefing_note_format_May_2006.pdf
However there are no current Swiss Asset Protection Trust forms, most use Non-Swiss Trusts established in banking and finance in Switzerland.
If you want to use such vehicle in banking in Switzerland it is necessary to engage legal counsel in detail and structuring because there are various open questions and traps for the unsuspecting
Legal Services are expensive in Switzerland but worth the "good night sleep".
Switzerland is not for the unsophisticated investor.
For the pre- Hague law look at www.jstor.org/view/00205893/ap030003/03a00080/0
recognition of foreign trusts: www.secretantroyanov.com/shared/publications/Swiss%20recognition%20of%20foreign%20trusts.pdf?PHPSESSID=1f82bff7ccdc0d4cb328ada9c87d9d50
a general guide to Swiss law:http://www.llrx.com/features/swiss2.htm
legalese: tandt.oxfordjournals.org/cgi/content/extract/12/10/1
link: for a discussion see: www.cr-law.co.uk/resources/pdf/Private_Client__Switzerland_gets_the_trust_bug_-_article_in_CR_briefing_note_format_May_2006.pdf
However there are no current Swiss Asset Protection Trust forms, most use Non-Swiss Trusts established in banking and finance in Switzerland.
If you want to use such vehicle in banking in Switzerland it is necessary to engage legal counsel in detail and structuring because there are various open questions and traps for the unsuspecting
Legal Services are expensive in Switzerland but worth the "good night sleep".
Switzerland is not for the unsophisticated investor.
For the pre- Hague law look at www.jstor.org/view/00205893/ap030003/03a00080/0
recognition of foreign trusts: www.secretantroyanov.com/shared/publications/Swiss%20recognition%20of%20foreign%20trusts.pdf?PHPSESSID=1f82bff7ccdc0d4cb328ada9c87d9d50
a general guide to Swiss law:http://www.llrx.com/features/swiss2.htm
legalese: tandt.oxfordjournals.org/cgi/content/extract/12/10/1