The Statute of Elizabeth

2015 07 01 | Category: Offshore Glossary

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The Statute of Elizabeth – It was enacted in 1576 by the Queen Elizabeth I. The Statute voids a transfer to a trust if the transfer could be interpreted as intention to hinder, delay, or defraud creditors, including potential future creditors. Some Offshore Financial Centers (i.e. Nevis) declared The Statute of Elizabeth null and void in their trust legislation.

EditorThe Statute of Elizabeth