Legal dictionary
Rule against perpetuities
The principle that no interest is valid unless it vests in a person not later than twenty one years (plus any period of gestation for an unborn child) after the life of the person that existed at the time of the creation of the interest. The rule was introduced to restrict a person’s power to control perpetually the ownership and possession of his or her property after death and to ensure transferability of property.
Disclaimer
This publication is for general information purposes only. It does not purport to provide comprehensive full legal or other advice.
Legal Advice Middle East and the contributors accept no responsibility for losses that may arise from reliance upon information contained in this publication. This publication is intended to give an indication of legal issues upon which you may need advice.
Full legal advice should be taken in due course from a qualified professional when dealing with specific situations.
351