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Case law is somewhat lacking in the Cook Islands. However, some landmark decisions show that the Cook Islands Court intends to uphold the asset protection trust law. In 1999, the Federal Trade Commission attempted to recover assets from a Cook Islands Trust. [9] The suit filed by the FTC against a trust company was unsuccessful. [9]
Pages in category "Law of the Cook Islands" The following 7 pages are in this category, out of 7 total. This list may not reflect recent changes. C.
[7] [8] Trusts incorporated in the Cook Islands are used to provide anonymity and asset-protection. [9] The Cook Islands also featured in the Panama Papers, [10] Paradise Papers, [11] [12] and Pandora Papers [13] [14] financial leaks. Economist Vaine Nooana-Arioka has been executive director of the Bank of the Cook Islands since 2008. [15]
The Cook Islands makes money off the registration fees, taxes on the trust companies, and other trust-related services. After tourism, business related to offshore trusts is the country's top ...
The Cook Islands Court of Appeal hears appeals from the High Court. The High Court of the Cook Islands deals with criminal and civil cases, as well as land cases under customary law. Minor crimes are heard in the High Court by Justices of the Peace. [1] The judiciary is established by Part IV of the Constitution of the Cook Islands. [2]
In the meantime, high-net-worth individuals can proactively shield their assets by establishing offshore trusts in jurisdictions known for strong asset protection laws, such as the Cook Islands or ...
The Cook Islands have been an active member of the Pacific Community since 1980. The Cook Islands' main population centres are on the island of Rarotonga (10,863 in 2021). [4] The Rarotonga International Airport, the main international gateway to the country, is located on this island. The census of 2021 put the total population at 14,987.
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related to: cook island banking laws