Regulatory Alerts2021-05-13
Property (Miscellaneous Provisions) (Amendment) Act, 2021
The Legislature of the Virgin Islands enacted this Act to amend the 2003 Property Act by inserting a new section that validates dispositions in favor of unborn illegitimate children and clarifies the retrospective application of trust and disposition rules. The legislation explicitly shields prior property distributions from restitution or compensation claims triggered by this legal change, defining valid distributions as those unimpugnable under the prevailing law at the time of transfer. The Act will commence on a date designated by the Governor through an official Gazette proclamation.
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