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Legal support of restructuring of managing family business with the use of the trust institution.

For the interests of the client, the specialists of the Law Firm "YUST" conducted a comprehensive comparative legal analysis of trust regulation in several foreign jurisdictions, including the Republic of Cyprus, the British Virgin Islands, the Isle of Man, Luxembourg, the Cayman Islands, for the purpose of subsequent restructuring of family asset management. Protection of the assets from dawn raids was one of the goals of the reorganization.

As a result of the analysis, the scheme of family asset management (with the use of the trust institution) was elaborated and implemented in a foreign jurisdiction, which was the best suited to the goals and tasks set by the client. The use of the trust mechanism permitted creation of the management structure that is both convenient from the point of view of business management optimization and secure in the defense of the rights of the beneficiary and the heirs.

Since the family business assets are located in several jurisdictions, elaboration and implementation of the scheme of its management required involvement of leading family, international and corporate law specialists.

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