By NEIL HARTNELL

Tribune Business Editor

THE proposed Trustee Act amendments were yesterday said to be a "bold and innovative" effort to make the Bahamas more competitive in its core estate planning/wealth management business, allowing the creation of 'directed trusts' and for trust disputes to be resolved by arbitration.

Addressing yesterday's Offshore Professional Conference, Heather Thompson, attorney and partner at Higgs & Johnson, said the proposed Trustee (Amendment) Bill 2011 was designed to "strengthen the administrative powers in trust law" and make the Bahamian financial services industry "more competitive" with rival jurisdictions.

She als ...

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