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Offshore Trusts Report: British Virgin IslandsThe Trustee (Amendment) Act, 2003 This Act was introduced with a view to making BVI trusts significantly more attractive in the commercial context, including a new section (which will only apply if there is a statement to this effect in the trust instrument) which enables trustees to create various forms of charges of trust assets in favour of creditors. The legislation made a substantial number of other amendments to the Trustee Act, including the following:
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