Switzerland: The Swiss Government's imminent ratification of the 1985 Hague Convention on Recognition of Trusts will allow the country to compete on a global level in the competitive trusts market. Stephen Pallister, Lyndsey West and Philippe Freund report
Switzerland is the world’s leading private wealth location and one of the most attractive offshore centres from which to run trusts. Yet the concept of trusts is virtually unknown in Swiss law. As a civil law country, its courts have wrestled with trusts over the years, attempting – with difficulty – to identify the local legal entity they most closely match.
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