Lighthouse on Nevis: Trusts, LLCs, and Multiform Foundations

Table of
Contents.

References are to paragraph (¶) numbers. Each chapter opens at its overview paragraph.

The Detailed Contents lists every section and subsection.

Part INevis and Its Legal System

Chapter	Title	Begins at
1	Nevis as a Financial Center: The Federation, the Constitution and the Island's Legislative Competence	¶ 101
2	Sources of Law: Ordinances, Revised Editions, the Common Law and English Authority	¶ 201
3	The Courts: The High Court (Nevis Circuit), the Eastern Caribbean Court of Appeal and the Privy Council	¶ 301
4	Regulation: The Financial Services Regulation and Supervision Department, Registered Agents and Service Providers	¶ 401

Part IIInternational Exempt Trusts

Chapter	Title	Begins at
5	The Nevis International Exempt Trust Ordinance: Scope, History and the Register of Trusts	¶ 501
6	Creating an International Trust: Settlors, Capacity, Formalities, Governing Law and Validity	¶ 601
7	Trustees: Qualification, Powers, Duties, Liability and Removal	¶ 701
8	Beneficiaries and Their Interests: Discretionary, Protective and Spendthrift Trusts	¶ 801
9	Protectors, Reserved Powers and Settlor Control	¶ 901
10	Purpose Trusts and Charitable Trusts	¶ 1001
11	Variation, Migration, Change of Governing Law and Termination	¶ 1101

Part IIILimited Liability Companies

Chapter	Title	Begins at
12	The Nevis Limited Liability Company Ordinance: The 2017 Ordinance, Formation and Foreign LLCs	¶ 1201
13	Members, Managers and the Operating Agreement	¶ 1301
14	Fiduciary Duties, Exculpation and Indemnification	¶ 1401
15	The Charging Order: Section 60, the Exclusive Remedy and Tax Payments	¶ 1501
16	Transfers, Withdrawal, Dissolution, Mergers, Continuation and Conversion	¶ 1601
17	Nevis LLCs in International Structures and U.S. Entity Classification	¶ 1701

Part IVMultiform Foundations

Chapter	Title	Begins at
18	The Multiform Foundations Ordinance: Nature, Formation and the Choice of Form	¶ 1801
19	Foundation Governance: The Management Board, the Supervisory Board, Beneficiaries and Records	¶ 1901
20	Foundations in Planning: Succession, Forced Heirship, Foundations as Trustee and Conversion Between Forms	¶ 2001

Part VCreditor Protection and Litigation

Chapter	Title	Begins at
21	Fraudulent Dispositions: The Standard of Proof, Limitation Periods and the Solvency Inquiry	¶ 2101
22	The Creditor's Bond and Other Conditions on Suit	¶ 2201
23	Foreign Judgments and Firewall Provisions	¶ 2301
24	Litigating in Nevis: Procedure, Injunctions, Freezing Orders and Disclosure	¶ 2401
25	Nevis Structures Before Foreign Courts: Contempt, Repatriation Orders and Bankruptcy	¶ 2501

Part VITax, Reporting and AML

Chapter	Title	Begins at
26	Nevis Taxation and Exempt Status	¶ 2601
27	Information Exchange: Tax Information Exchange Agreements, FATCA and the Common Reporting Standard	¶ 2701
28	Anti-Money Laundering, Beneficial Ownership and Due Diligence	¶ 2801
29	U.S. Tax and Reporting for Nevis Trusts, LLCs and Foundations	¶ 2901

Part VIIPlanning and Forms

Chapter	Title	Begins at
30	Designing a Nevis Structure: Trust, LLC and Foundation Combinations and a Drafting Guide	¶ 3001

Appendices

Appendix	Title	Begins at
A	Form of International Exempt Trust Deed	¶ A01
B	Form of Nevis LLC Operating Agreement (Single-Member and Multi-Member)	¶ B01
C	Form of Multiform Foundation Charter and Regulations	¶ C01
D	Registration, Filing and Annual-Compliance Checklists	¶ D01
E	Comparative Table: Nevis, the Cook Islands and Belize	¶ E01

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