Malaysia legislation

Section 8

of *LABUAN OFFSHORES TRUSTS ACT 1996

Section 8

(2)

A unilateral declaration of trust is a declaration in writing by a trust company stating—

(a)

that it is the trustee of a Labuan trust;

(b)

the name of the trust;

(c)

the terms of the trust; and

(d)

the names or information enabling the identification of all the beneficiaries.

(3)

A unilateral declaration of trust need not contain the name of the settlor, but in such case the declaration shall contain a statement by the trust company that the settlor is a qualified person on the date of the making of the declaration.

Secrecy