Comparing ethics education in medicine and law: combining the best of both worlds

This article compares various models of ethics education and how these models are employed by both medical schools and law schools. The authors suggest ways in which each profession can enhance their ethical teaching and argue that ethics education in both medicine and law should combine the best elements of each education model, thereby producing graduates who are more knowledgeable and appreciative of ethical issues in practice.     

The "refined" performance evaluation monitoring system: best of both worlds

The computer is proving itself to be an almost limitless resource: it can easily refine your performance appraisal system simply by using weighted normalized ratings. A consultant explains his system and how it can save a company both money and mistakes.     

The Bahamas: New legislation to accommodate private trust companies ('PTCs')

The existence of private trust companies in the jurisdictionhas, in recent years, become an important factor in attractingclients to that jurisdiction. Although private trust companiesare not a new idea, they have been frequently restricted tothose with a high minimum capital which has not made them worthwhilefor some trusts. The attraction of a PTC is that the settlor can establish hisown trustee as a separate legal person and thereby, probablyin conjunction with beneficiaries, enjoy more involvement inthe trust's administration. The representation of the settlorsand beneficiaries on the board of the directors of the PTC shouldavoid many of the conflicts which might arise between settlorsand beneficiaries and the trustees.     

Private equity: fashion cult or new religion? A challenge for the trust investment advisor

Trustees, in considering their investment policy, need to considerall types of investment. The balance between capital growthand income is a matter requiring constant appraisal and thisfrequently requires an examination of alternative investments.A current type of investment, on which there is much attention,is that of private equity. Is this something which should beconsidered as a trustee investment? The author examines thisquestion and places private equity in context.     

Amendment to new regulations enabling exempt private trust companies to be established in the British Virgin Islands

The Financial Services (Exemptions) (Amendment) Regulations,2007 (the ‘Amendment Regulations’) were made bythe British Virgin Islands Cabinet on 27 December 2007.¹ The Amendment Regulations amend the Financial Services (Exemptions)Regulations, 2007² by extending until 31 July 2008 the periodduring which paragraphs (c) and (d) of Direction 7 of the Banksand Trust Companies (Application Procedures) Directions, 1991(the ‘Directions’) apply. The effect     

The United States as an offshore asset protection trust jurisdiction--the world's best kept secret

This article concerns the use of US asset protection trustsby non-US settlers. After considering the basics of US assetprotection trusts, it examines key issues including fraudulenttransfers, revocability, powers of appointment and the income,gift and estate tax consequences for non-US settlers beforefinally turning its attention to the issues of jurisdictionand the recognition and enforcement of foreign judgments.     

A judge's three worlds: proof, philosophy, and the prison

Tensions between the world of science and the world of law may arise because of their differing viewpoints and philosophies. Disagreements may center around such questions as what constitutes proof, around human behavior, and around the use of the insanity defense in criminal cases. The just deserts model is examined and is criticized as being harsh and possibly unrealistic in today's society.     

Voice Over IP services: Regulatory perspectives from the developed and the developing worlds

As the technology for Internet telephone service (“Voice Over IP” or “VOIP”) matures, and the quality of service improves, regulators in developed and developing countries are encountering significant and very different regulatory challenges. This article looks at the issues faced by regulators in developed country markets with a history of extensive service competition. A follow-up article will contrast the issues faced in developing country markets, particularly those where service competition is limited.     

The emergence of the Islamic trust

The Islamic trust, governed by both the laws of the jurisdictionunder which it is written and by Shari'ah law, has become apopular financial and devolution planning vehicle for assetsheld by Muslims. This article examines how these trusts havedeveloped.     

论信托法的源流

一、罗马法的“遗产信托” 最初的信托发生在古代罗马法.罗马法中的信托只限于“遗产信托”.这和发源于中世纪的近代英国信托制度和已普及两大法系国家的现代信托制度虽有共同的地方,但远不如它们趋于成熟和完备的程度,笔者认为罗马法中的“遗产信托”还只能被认为是信托制度的萌芽状态.……     

Chasing the Dragon: trust assets caught by the divorce courts

The recent Court of Appeal decision in Charman v Charman [2007]EWCA Civ 503 provides the latest analysis of the courts' approachin apportioning assets in ‘big money’ divorce casesand pays particular attention to the treatment of assets settledinto offshore trusts.     

Attacking the assets of a trust: the courts use of freezing orders

Freezing orders are a powerful tool in the hands of the courtand particularly applied when the court finds an arrangementa sham, or that there is a reason for piercing the trust veil.William Richmond-Coggan discusses the main issues.