The essential requirements of a valid asset protection trust, Business Law and Ethics

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QUESTION 1

Discuss the position in UK with respect to the Capital Maintenance Doctrine.

QUESTION 2

(i) What are the essential requirements of a valid Asset Protection Trust?

(iii) What are the various reasons for which a settlor might decide to create an Asset Protection Trust?

QUESTION 3

What are the procedure/requirements for obtaining a licence under the Financial Services Act 2007? In what circumstances and how can such a licence be varied, suspended, terminated?

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