Recognizing the importance of generating meaningful thought leadership on the myriad of legal issues encountered in our practice, Lex Caribbean’s attorneys combine a shared Caribbean heritage with training and experience gained in several financial centres around the world to generate rich, relevant and timely insight. Here follows a sample of our most recent publications

20 January 2016

Private islands, private jets.....private trust companies? Barbados' latest wealth planning innovations provides the luxury of control and flexibility

Barbados has long been a paradise for the discerning members of the global elite. A pristine natural environment offering upscale elegance wrapped in authentic island charm and warm hospitality has long been a part of the allure of the island. In addition to the usual luxuries with which this well-heeled clientele would be familiar: private islands, private jets to name a few, Barbados now provides valuable wealth planning mechanics through its new private trust companies regime.

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18 January 2016

Using Barbados to Protect Wealth: China Edition (Part 4)

In relation to retention of appropriate control by settlors, Barbados has also enacted amendments to the Trustee Act to expressly permit the reservation of powers by settlors, without such reservation undermining the integrity of the trust. The recently enacted Trustee (Amendment) Act 2012-21 (the TA Act) relating to reserved power trusts was proclaimed in 2014 and is now in force in Barbados. Read More

18 January 2016

Using Barbados to Protect Wealth: China Edition (Part 3)

Barbados has recently enacted legislation permitting the establishment of private trust companies by the enactment of the Private Trust Companies Act, 2012-22, which is now in force. The use of private trust companies is particularly popular with settlors who wish to retain an appropriate level of control with regards to the administration of trust assets. Read More

18 January 2016

Using Barbados to Protect Wealth: China Edition (Part 2)

Barbados’ trust law is based on the principles of English common law, as varied by Barbados statute. It permits the creation of three broad categories of expressly created trust: the international trust, the offshore trust and the domestic trust. Read More

18 January 2016

Using Barbados to Protect Wealth: China Edition (Part 1)

Barbados offers the full compendium of legislation which is now standard in leading international finance centres relating to trusts and corporate vehicles. The Barbados value proposition is however unique when compared to that of other jurisdictions. This is because Barbados has long committed to a strategy based on substance, transparency and international collaboration pursuant to its expanding network of double taxation treaties (“DTT”/“DTTs”) with a number of countries such as Austria, Bahrain, Botswana, Canada, China, Cuba, Czech Republic, Finland, Iceland, Luxembourg, Malta, Mauritius, Mexico, Netherlands, Norway, Panama, San Marino, Seychelles, Singapore, Spain, Sweden, Switzerland the UK, the USA, Venezuela, and the Caribbean countries which constitute CARICOM.

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