Ora was fully represented at a STEP conference held in Auckland, New Zealand earlier this year. Of most interest were discussions around the Clayton case, a matrimonial relationship property, which from observations has turned the spotlight on where New Zealand Trust law stands on some fundamental issues, more particularly whether creditors now have wider access to reach into trust assets as result of this case.
The Vaughan Road Property Trust (“the Trust”) was settled by Mr. Clayton in 1999 when he was still married to Mrs.
Kia Orana from the Cook Islands,
New Safety Video
It’s not often that the Cook Islands play host to supermodels of the Sports Illustrated genre, but that’s what happened recently on the beautiful Island of Aitutaki in the Cook Islands. While it raised a storm of controversy as to the use of bikini clad women to promote air travel safety, it does generate welcomed publicity for our tourism industry. If you haven’t yet seen it, follow the link:
As part of its long term strategy to grow the international financial services industry through new services and new client markets, the Parliament of the Cook Islands recently passed the Captive Insurance Act 2013. This Act follows the introduction of Foundations legislation in June 2012.
The Minister responsible when introducing the legislation stated that “The Government has made a commitment to diversifying our economy by encouraging, strengthening and promoting our financial services sector. The passing of the Captive Insurance Act will increase business opportunities and is an important step in the growth of this key
industry to our economy.”