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Trusts & Trustees Advance Access originally published online on May 25, 2009
Trusts & Trustees 2009 15(5):311-315; doi:10.1093/tandt/ttp039
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© The Author (2009). Published by Oxford University Press. All rights reserved.

Antigua and Barbuda: the International Foundations Act 2007—anything new?

Verlyn L Faustin*

*Verlyn L. Faustin, Manager, ABI Trust Ltd, Antigua, LLB (Hons), LLM (Corp. and Comm.), LLM (Bank. and Fin.), Manager, ABI Trust Ltd, 156 Redcliffe Street St John's, Antigua, West Indies. Tel: +1 268 480 6434; Fax: +1 268 480 2750; Email: vfaustin{at}abifinancial.com; Website: www.abifinancial.com.

On 17 January 2009, the long awaited International Foundations Act became law. Antigua now joins a growing list of common law jurisdictions to embrace the concept of the foundation. However, the coming into force of the Antiguan legislation does beg the question—does the new law offer anything different to international financial planning? Are there any specific advantages for the asset protection planner? This article focuses on issues relating to the administration of the Antiguan foundation and explores the asset protection features that the law offers.


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