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Offshore Trusts Report: GibraltarLegislation, Regulation and Supervision Gibraltar's asset protection trust legislation has traditionally fallen under the provisions of the Bankruptcy Amendment Ordinance 1990. This is unusual for offshore asset protection, which is dealt with under the law on fraudulent conveyancing laws in most offshore jurisdictions, as for instance in the Cayman Islands and the Bahamas. For a settlor to avail himself of the protection of the Bankruptcy (Amendment) Ordinance 1990 each transfer to the trust must be registered. Prior or subsequent unregistered transfers are not protected by this Act. Registration of settlements is regulated by the Bankruptcy (Register Dispositions) Regulation (99v) which permit registration only if:
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