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A trust is an arrangement whereby a third party (trustee) is entrusted with assets given over by a person who establishes the trust (settlor or contributor) for the trustee to manage and distribute for the benefit of specified beneficiaries (or sometimes specified purposes). This article will help explain developments of that structure in the United Arab Emirates (UAE).

Author: James Bowden, Managing Director-Toronto, Special Counsel, UAE, Afridi & Angell

4 Pages
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Region: United Arab Emirates
Interest Area: Commercial and Contracts
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