Quick search
CTRL+K
Quick search
CTRL+K
Since 2010, the Global Law Experts annual awards have been celebrating excellence, innovation and performance across the legal communities from around the world.
posted 2 years ago
In January 2022, the Non-Banking Financial Services Authority (NBFSA) of Cambodia issued Prakas 003 on the establishment, function, and management of trusts in the country. The Prakas is an implementing regulation to Cambodia’s first-ever Law on Trusts issued in 2019.
Prakas 3 sets out the rules, procedures, and conditions for the establishment of trusts, the registration requirements, and the licensing approvals that are granted to trustees.
Under the Prakas, a trust operation is any activity pertaining to the transfer of property from its owner (the trustor) to an entity or person to control, manage, and maintain for the benefit of another person or entity (the beneficiary).
Find the right Legal Expert for your business
Sign up for the latest legal briefings and news within Global Law Experts’ community, as well as a whole host of features, editorial and conference updates direct to your email inbox.
Naturally you can unsubscribe at any time.
Global Law Experts is dedicated to providing exceptional legal services to clients around the world. With a vast network of highly skilled and experienced lawyers, we are committed to delivering innovative and tailored solutions to meet the diverse needs of our clients in various jurisdictions.
![LEGAL NEWS
On 7/3/2024, the Kuala Lumpur High Court in the case of Suriati binti Mohd Yusof v CTOS Data Systems Sdn Bhd [2024] MLJU 437; CLJU 440; (Civil Suit No. WA-23NCvC-8-01/2020) ruled that credit reporting agencies are not empowered to formulate a credit score or create their own criteria/percentage to formulate a credit score.
Read more at https://globallawexperts.com/credit-reporting-agencies-are-not-authorised-to-formulate-their-own-credit-score/
.
.
.
.
#business #entrepreneur #motivation #success #marketing #money #love #mindset #entrepreneurship #inspiration #smallbusiness #instagood #businessowner #instagram #lifestyle #goals #life #startup #bhfyp #digitalmarketing #follow #motivationalquotes #branding #design #quotes #investment #fashion #finance #work](https://scontent-cdg4-2.cdninstagram.com/v/t51.2885-15/439575309_1498069631128202_5251657145469121856_n.jpg?_nc_cat=103&ccb=1-7&_nc_sid=18de74&_nc_eui2=AeFFGNTcQF7D82VSpP8pq6swAqpFuG06zfUCqkW4bTrN9Zp2u-OJehL0QHRpRJgPSG1MZ9RWq390QpkxqNZuLSnA&_nc_ohc=8xGhatlGg_EAb7-nFmv&_nc_ht=scontent-cdg4-2.cdninstagram.com&edm=AM6HXa8EAAAA&oh=00_AfB_6XlC4tnAUEqFo5ainHAohTlL4ogASu-m48vIqi923g&oe=662FDD3B)
