n Without Prejudice - On status symbols & cultural similarities ... : financial law
|Article Title||On status symbols & cultural similarities ... : financial law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Affiliations||1 Cliffe Dekker Hofmeyr|
|Publication Date||Nov 2011|
|Pages||9 - 12|
It is said that there are many similarities between South Africa and New Zealand. Obvious similarities such as an historical association as former British colonies, shared geographic location in the Southern hemisphere, comparable climates, cultural similarities (in particular an unparalleled love of rugby), come to mind. But can a similarity in "trust cultures" be added to this list? Especially when the New Zealand's trust culture has recently been described as "viral" and New Zealanders as "having a predilection for trusts beyond that experienced in similar countries." This description was recorded in the Issues Papers of the New Zealand Law Commission which, at the end of last year, embarked upon a systematic review of its law of trusts. Four Issues Papers have been released.
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