Revised Laws of Saint Lucia (2021)

53.   Confidentiality

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    (1)   Without affecting the rights of protectors under Part 7, but subject to the terms of the instrument creating an international trust and subsection (2), a trustee, protector, or other person shall not disclose to any person not legally entitled thereto, any information or documents respecting an international trust, including without limitation —

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      (a)     the name of the settlor or any beneficiary;

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      (b)     the trustee's deliberations as to the manner in which a power or discretion was exercised or a duty conferred by the terms of the trust or by law was performed;

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      (c)     the reason for the exercise of the power or discretion or the performance of the duty or any evidence upon which such reason might have been based;

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      (d)     any information relating to or forming part of the accounts of an international trust; or

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      (e)     any other matter or thing in respect of an international trust.

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    (2)   Despite subsection (1) but subject to any other more specific terms of the trust instrument, the registered trustee shall, at the written request of a beneficiary named in the international trust, disclose any document or information relating to or forming part of the accounts of the international trust as described in subsection (1)(d) to that beneficiary or the advisor of the beneficiary provided that the beneficiary or the advisor—

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      (a)     shall be bound by the restrictions on disclosure of such information provided for in this section; and

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      (b)     shall not be entitled to any other documents relating to the international trust listed or described in the foregoing paragraph, including without limitation, letters of wishes or like expressions of the settlor's intent.