More information is now available on the BVI trust law reforms announced last week, notably the Trustee (Amendment) Act 2021's new opt-in rules allowing the High Court to vary the terms of a trust, including the dispositive provisions, without the consent of adult beneficiaries if expedient in the circumstances. It also grants the High Court statutory powers to set aside trustee mistakes to preserve the Hastings Bass principle in BVI law; while the Probates (Resealing) Act 2021 extends the High Court's power to reseal foreign grants of probate or letters of administration to more than 60 jurisdictions...

原新聞出處：【STEP 2021/03/18】