Long-term Trends In Trust Law Favour IFCs

There is a global market for trust law, with jurisdictions competing to be the supplier of the governing law of trusts, as well as the location of the many service providers involved in creating and maintaining a trust. The rewards for the successful competitor include both indirect rewards such as the increased economic activity – lots of lawyers, accountants, investment managers, and other professionals earning and spending money in them – and direct revenue such as income from licencing and other regulatory fees. As IFCs have become ever more agile competitors in this market, they have moved into the driver’s seat in determining trust law’s future.

The Austrian Private Foundatio…