Participants will receive access to the recorded sessions of the course.
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Cyprus law has a long history on trusts with two separate trust laws, one being for local trusts and another one for internation trusts. Its first law was based on the UK Trustee Act of 1925 and is dated back to 1995, before the Cyprus independence from the Crown in the 1960s.
Being a common law jurisdiction Cyprus follows the doctrine of equity as it is applied in England and Wales and follows the precents of the Cyprus courts and of other common law jurisdictions. For any trust practitioner it is imperative to be aware of these and of recent developments.
There are different types of trusts, with different characteristics, and each trust can adopt its own provisions provided there is no breach of the law. Trusts today have assumed a critical role in succession and estate planning, and it is important for all those practitioners advising on trusts or acting as trustees to avoid any pitfalls that will either affect the validity of the trust or trigger huge responsibilities on the trustees.
Therefore, the need of the course is to provide to the trust professionals the basic knowledge of how to set up and administer a trust, how a trust operates in practice, and to also ensure compliance with the various regulatory and legal requirements.
Training Objectives
By the end of the programme, participants will be able to:
- Understand the main characteristics of a trust and how it operates
- Understand the different types of trusts
- Comprehend the specific duties of the trustees and of the protectors
- Be aware of the rights of the beneficiaries – if any and to what extent
- Understand the extent to which the Settlor can reserve powers
- Identify the risks when setting up and administering a trust
- Know the main provisions that should be included in a Trust Deed
- Be aware of related laws that should be taken into consideration when setting up a trust
Training Outline
- Common Law, Equity and Trusts
- Main requirements for setting up a trust
- Complexities and risks to consider in setting up and administering a trust
- Legislative and regulatory requirements to consider in relation to trusts
Who Should Attend
The programme is ideal for:
- Professionals dealing with trusts
- Lawyers, accountants, auditors and bank officers
- Officers of family offices
- Welfare and equality Officers
- Business Executives
Training Style
The programme is designed to deliver knowledge and enhance participants’ knowledge in setting up and administering Cyprus trusts via short presentations and lectures, case-studies and practical examples and case law.
Most of the training’s time will be invested in analysing the practicable considerations in applying the relevant laws and regulations and real-life case examples that will help participants be aware of the risks entailed when setting up and administering a trust.
CPD Recognition
This programme may be approved for up to 5 CPD units in Law. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership. The course has been approved and verified by the Cyprus Bar Association (CyBAR). The Summary of CyBAR’s Updated CPD Guidelines Based on the Operational Framework of the Cyprus Bar Association (CBA) Academy can be found here.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Training Objectives
By the end of the programme, participants will be able to:
- Understand the main characteristics of a trust and how it operates
- Understand the different types of trusts
- Comprehend the specific duties of the trustees and of the protectors
- Be aware of the rights of the beneficiaries – if any and to what extent
- Understand the extent to which the Settlor can reserve powers
- Identify the risks when setting up and administering a trust
- Know the main provisions that should be included in a Trust Deed
- Be aware of related laws that should be taken into consideration when setting up a trust
Training Outline
- Common Law, Equity and Trusts
- Main requirements for setting up a trust
- Complexities and risks to consider in setting up and administering a trust
- Legislative and regulatory requirements to consider in relation to trusts
Who Should Attend
The programme is ideal for:
- Professionals dealing with trusts and estate succession planning
- Lawyers, accountants, auditors and bank officers
- Officers of family offices
- Welfare and equality Officers
- Business Executives
Training Style
The programme is designed to deliver knowledge and enhance participants’ knowledge in setting up and administering Cyprus trusts via short presentations and lectures, case-studies and practical examples and case law.
Most of the training’s time will be invested in analysing the practicable considerations in applying the relevant laws and regulations and real-life case examples that will help participants be aware of the risks entailed when setting up and administering a trust.
CPD Recognition
This programme may be approved for up to 5 CPD units in Law. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership. The course has been approved and verified by the Cyprus Bar Association (CyBAR). The Summary of CyBAR’s Updated CPD Guidelines Based on the Operational Framework of the Cyprus Bar Association (CBA) Academy can be found here.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
