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Legal Framework

16. Jurisdiction of the Court

LEGAL ENTITIES LEGISLATION

REGULATIONS

COMPANIES REGULATIONS

GENERAL PARTNERSHIP REGULATIONS

LIMITED PARTNERSHIP REGULATIONS

LIMITED LIABILITY PARTNERSHIP REGULATIONS

NON-PROFIT INCORPORATED ORGANIZATIONS REGULATIONS

FOUNDATIONS REGULATIONS

TRUST REGULATIONS

PART 1: GENERAL

PART 2: CHOICE OF GOVERNING LAW; PLACE OF ADMINISTRATION

PART 3: JUDICIAL AND NON-JUDICIAL PROCEEDINGS

15. Role of the Court in administration of Trust

16. Jurisdiction of the Court

17. Application to and certain powers of the Court

18. Payment of costs

19. Sections 20 to 25: Interpretation

20. Application of powers under sections 21 to 25

21. Power to set aside a transfer or disposition of Property to a Trust due to mistake

22. Power to set aside a transfer or disposition of Property to a Trust exercised by fiduciary power

23. Power to set aside the exercise of powers in relation to a Trust or Trust Property due to mistake

24. Power to set aside the exercise of fiduciary powers in relation to a Trust or Trust Property

25. Applications and orders under sections 21 to 24

26. Savings in respect of applications made under sections 21 to 24

27. Sections 28, 29 and Schedule 1: Interpretation

28. Arbitration of Trust disputes

29. Powers of the arbitral tribunal

PART 4: CREATION, VALIDITY AND MODIFICATION OF AN AIFC TRUST

PART 5: THE BENEFICIARIES OF AN AIFC TRUST

PART 6: PROTECTIVE TRUSTS AND CREDITORS’ CLAIMS

PART 7: OFFICE OF TRUSTEE

PART 8: DUTIES AND POWERS OF TRUSTEES

PART 9: LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH A TRUSTEE

PART 10: AGENTS, NOMINEES AND CUSTODIANS

PART 11: RESERVED AND RESTRICTED POWERS, EXPRESSIONS OF WISHES, AND INCAPACITATION

PART 12: PROVISIONS APPLICABLE TO A FOREIGN TRUST

INTERPRETATION

SCHEDULE 1

INSOLVENCY REGULATIONS

NETTING REGULATIONS

PAYMENT SYSTEM SETTLEMENT FINALITY REGULATIONS

COMMON REPORTING STANDARD REGULATIONS

PERSONAL PROPERTY REGULATIONS

RULES

WAIVERS AND MODIFICATIONS

OTHER

FINANCIAL SERVICES LEGISLATION

POLICIES AND POLICY STATEMENTS

16. Jurisdiction of the Court

The Court has jurisdiction where:
(a) the Trust is an AIFC Trust;
(b) a Trustee of a Foreign Trust is an AIFC Participant;
(c) any Trust Property of a Foreign Trust is situated in the AIFC but only in respect of Property so situated; or
(d) administration of any Trust Property of a Foreign Trust is carried out in the AIFC.

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16. Jurisdiction of the Court