QUESTION 1
Discuss the position in UK with respect to the Capital Maintenance Doctrine.
QUESTION 2
(i) What are the essential requirements of a valid Asset Protection Trust?
(iii) What are the various reasons for which a settlor might decide to create an Asset Protection Trust?
QUESTION 3
What are the procedure/requirements for obtaining a licence under the Financial Services Act 2007? In what circumstances and how can such a licence be varied, suspended, terminated?