• SHARE

The government approved a bill Friday to revise the Trust Law to allow new types of trusts, marking the first major amendment to the law since it was enacted about 80 years ago.

The bill will allow liabilities to be placed in trust. It will also enable trustors to act as trustees. For instance, companies can put their assets in trust and manage the trust by themselves.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW