4

Nov

-

Dates Pending

06

Dec

2024

Certificate: Trusts in Cyprus - Law, Practice, and Management

FROM

€

150

300

15 CPD Points

20

HOURS

English

Androulla Poutziouris

description

COURSE DESCRIPTION

This comprehensive course on Trusts in Cyprus is designed to equip participants with the knowledge and practical skills necessary for effective trust management.

Focused on Cyprus law and international applications, the course covers foundational principles and advanced topics, ensuring participants can proficiently advise clients, manage trusts, and navigate the legal complexities of trust administration. Through a structured curriculum and practical exercises, participants will develop expertise in trust establishment, management, and risk mitigation strategies.

Engage in hands-on activities that provide real-world insights into trust management. Gain a deep understanding of the Cyprus legal framework, trust types, and the intricacies of managing both local and international trusts.

This course is essential for lawyers, legal advisors, corporate administrators, fiduciary service providers, auditors, accountants, compliance officers, and trustees aiming to enhance their expertise in trust management. Gain the knowledge and skills to draft and manage trusts to tailor services to clients, without having to rely on templates.

The course is taught by a lecturer with over 10 years of experience in teaching trusts law at university level and practical hands-on experience with trusts in Cyprus under the auspices of Cyprus law.

Equip yourself with the skills to provide comprehensive, tailored advice and effectively manage trusts in Cyprus and beyond.

Some of what you will learn on this course:

Explore the rich history and evolution of trusts.
Understand the Cyprus legal framework and its unique advantages.
Master the roles of settlors, trustees, and beneficiaries.
Discover the various types of trusts – Bare trusts, discretionary, fixed, charitable and asset protection
Learn how to set up a valid trust both local and international
Learn how to draft a trust deed (deep dive into trust provisions and the interplay with legislation and common law).
Understand fully the fiduciary duties of trustees.
Learn how to appoint, remove, and resign as a trustee
Learn how to navigate the differences between fixed and discretionary powers.
Learn the regulatory framework surrounding investment decisions.
Learn how to draft exemption clauses and indemnification agreements.
Prepare for and manage court interventions
Administer trusts with both dispositive and administrative powers.

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course content

Dates and times

Course content

UNIT 1: Introduction to Trusts

Overview of the historical origins of trusts – common law and equity
The evolution of the trust from simple arrangements to complex legal structures
Defining a trust – differentiating between the settlor, trustee, and beneficiary
Setting up a valid trust – the criteria
Cyprus Legal Framework
Types of trusts and their characteristics
The process of setting up a trust - including the drafting of trust deeds and the selection of trustees and beneficiaries
Group discussion on circumstances appropriate to set up a trust.

UNIT 2: Types of Trusts

Overview of various types of trusts
Bare Trusts
Discretionary,
Fixed trusts
Charitable trusts
Asset protection
Local Trusts
International Trusts
Choosing the right trust – guidance for assessing client needs, objectives, and the tax implications
The importance of understanding the client’s family structure and long-term goals.
Understanding and advising on the most appropriate trust for clients
Quiz on types of trusts.

UNIT 3: Advantages for setting up a trust – guiding the client

Exploration of the advantages of using trusts
Using trusts in estate planning
Case studies
Use of trusts incorporate structures
Analysis of trusts in international financial planning and addressing cross- border legal and tax implications
Discussion of the challenges and opportunities presented by modern trusts – including digital assets and the impact of evolving legislation.

UNIT 4:Setting up a trust

Critical considerations involved in choosing the appropriate jurisdiction for setting up a trust.
Comparative analysis of trust jurisdictions
Setting up a trust - step-by-step guide and breakdown of documentation requirements for setting up a trust – Local trust
Setting up a trust - step-by-step guide and breakdown of documentation requirements for setting up a trust international trust.
Drafting the trust deed – what types of clauses can we incorporate- review of templates and spotting what is wrong with them.
Practical case law and scenarios and choosing the correct clauses to include
Legal and regulatory compliance – registration, etc.

UNIT 5: The Role and Responsibilities of Trustees

The fundamental role of trustees in trust management – Fiduciary duties, the law, and the trust deed.
Trustee appointment and formalities
Duty of care and standard of care – differentiation according to various trustee decisions and actions
Removal of trustees by various actors - law and formalities
Resignation of trustees – formalities and handover to the successor trustee
Appointment, removal, and powers of trustees
Review of documentation concerning the management of the trust as an example

UNIT 6: Trustee Powers

Discretionary and fixed powers
Statutory basis of trustee powers
The Powers of investment, legal framework, investment decisions, diversification portfolio management, and risk management.
Power to delegate and appoint agents – legal framework, decision to use agents, and oversight and responsibility.
Individual consideration of a scenario and then group discussion of thoughts.

UNIT 7: Liability and risk mitigation of trustees

Analysis and case studies of the liability of trustees.
When can you get into trouble?
Establishing a breach and available defenses.
Trustee exemption clauses
Indemnification?
Strategies to mitigate risk.
Practical case study and Group discussion to cement knowledge.

UNIT 8: Beneficiaries and Trust Administration

Overview of the position and rights of beneficiaries within the trust framework
Legal principles underpinning beneficiaries' rights, drawing from statutory provisions and common law precedents.
Beneficiaries right to information
The role of the protector in trust structures
Analysis of the legal status of the protector
Navigating changes in beneficiary circumstances.

UNIT 9: Legal Intervention and the Role of the Court

Overview of the reasons for and the nature of court interventions in trusts
Examination of the powers courts hold concerning trusts
The court's authority to intervene – when is it engaged?
Step-by-step guide on the procedural requirements for filing applications with the court
Necessary documentation and evidentiary support needed for court applications
Individual consideration of a scenario and then group discussion of thoughts.

UNIT 10: Advanced Applications of Trusts

Administering a trust with dispositive and/or administrative powers for a protector
Implementing estate plans through trusts, especially in forced heirship jurisdictions
Asset protection trusts and their structuring
Understanding and administering purpose trusts and foundations
Individual quiz.
Quiz feedback

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COURSE PREVIEW

HAVE A LOOK
INSIDE THE COURSE

details

course details

Methodology

Live sessions - online via Zoom

Interactive lecture with PowerPoint presentation

Case study and analysis and group discussion

Practical exercises to apply legal concepts in real-world scenarios

Q&A sessions for in-depth understanding

Funding

This seminar is funded by the HRDA.

Our training center offers special prices for individuals who are not eligible for funding.

Unemployed participants are eligible for HRDA funding provided they meet certain requirements. For more information, please contact us at 24 655510.

Admission Requirements

There are no specific admission requirements for this course.

Who is this aimed at

Lawyers

Legal Advisors

Corporate administrators

Fiduciary Service Providers

Auditors

Accountants

Compliance Officers

Trustees

Certificate Awarded

A Training Certificate will be awarded to those participants who will successfully complete the training.

Coming Soon

More details about this course will be uploaded soon.

INSTRUCTOR

MEET YOUR INSTRUCTOR

Androulla Poutziouris

Mrs Androulla Poutziouri is a qualified Advocate and a Member of the Cyprus Bar Association. Mrs Poutziouri obtained a double LLB Law degree in English and French Law from Paris II Panthéon-Assas University and the University of Birmingham. She then proceeded to obtain an LLM Degree in International Legal Practice from the University of Law in the UK. She is bilingual in Greek and English(native), with working proficiency in French.

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MORE ABOUT INSTRUCTOR

COLLABORATORS

ADDITIONAL INSTRUCTORs

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frequently asked
questions

QUESTION 01

Do I need to be registered on the ERMIS Portal?

Yes, if you are registering for a course that is HRDA accredited, all participants (either receiving funding or not) will have to access and register as natural persons on the ERMIS Portal. If you are receiving funding and you are being registered for continuous professional/vocational training by your employer, your employer should also be registered with the ERMIS platform as a legal person. Contact us if you have any difficulty registering as a natural person or a legal person.

QUESTION 02

Will I receive a certificate at the end of the training?

Yes, you will receive a Certificate of Attendance from ELTRC or the relevant awarding body.

QUESTION 03

Do you have terms and conditions for seminar attendance?

Yes. You may find our terms and conditions here.

QUESTION 04

Will I receive the notes for the lesson and have access to recordings?

Yes, you will be given the course materials through an online platform and you will be allowed to download and keep the course materials and specimens for certain courses. Recordings will also be available in the drive for three months.