ABSTRACT
In many respects both Trusts in Prime Jurisdictions and Modern International Developments in Trust Law are complementary works that are essential references to understand the use of trusts in the modern globalised economy. The first text looks at the use of trusts in 15 countries where trusts are used. Trusts are used for a variety of reasons such as asset protection, forced heirship issues and for tax and estate planning. Trusts are also used for other specific purposes. Both Trusts in Prime Jurisdictions and Modern International Developments in Trust Law contain a revision of Professor Hayton’s Amakasu lecture on ‘The Use of Trusts in the Commercial Context’. In Trusts in Prime Jurisdictions Douglas James has written an interesting chapter that focuses upon the use of UK trusts for holding works of art and chattels. In most Western economies trusts will also be the vehicle for holding pension funds.
