When Offshore Goes Mainstream: IFCs’ Transformation Into Leading Trust Jurisdictions

As virtually every treatise on the subject reminds us, trusts are a quintessentially English invention. Texts often quote a French lawyer’s observation that “the trust is the guardian angel of the Anglo-Saxon, accompanying him everywhere, impassively, from the cradle to the grave” to reinforce this point [1]. But while trust law’s origins are certainly English, trust law’s centre of gravity has shifted and modern trust law is not only not exclusively English, but its most important developments take place in jurisdictions outside Great Britain, including in the Caribbean.

New Zealand’s High Wealth Indi…