Qatar financial centre foundations

被引:1
|
作者
Jolk, Christophe [1 ,2 ]
Russell, David [3 ]
机构
[1] Barreaux Paris & Luxembourg, Luxembourg, Luxembourg
[2] BMH Avocats, 29 Rue Faubourg St Honore, F-75008 Paris, France
[3] Outer Temple, Outer Temple Chambers, AM QC, 222 Strand, London WC2R 1BA, England
关键词
D O I
10.1093/tandt/ttz040
中图分类号
D9 [法律]; DF [法律];
学科分类号
0301 ;
摘要
Like other Gulf Cooperation Council (GCC) jurisdictions, the Qatar Financial Centre (QFC) Foundation has very favourable private wealth and estate planning aspects, since it picks some of the best features in the common and civil law models and blends them into a single legal framework. One of the advantages of a QFC Foundation over a trust, for instance, is its legal personality and ability to own assets. Similar to other foundation laws within the GCC area, the QFC Foundation does not require a dedicated fund appropriated to a specified purpose' and also has a specific firewall' provision securing the asset dedications and benefits granted. Overall, the QFC Foundation is a favourable legal regime for estate planning and pretty standard compared to what other GCC foundations regimes offer. Settling for a specific jurisdiction and legal form should nevertheless be assessed on a case by case basis.
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页码:611 / 616
页数:6
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