Exclusion of foreign law

(1) No foundation governed by the laws of Belize, and no transfer of property to a foundation which is valid under the laws of Belize, shall be void, voidable, liable to be set aside or defective in any manner by reference to the law of a foreign (2) The capacity of a founder of a foundation or any other person who transfers property to a foundation shall not be questioned, nor shall any beneficiary or other person be subjected to any liability or deprived of any right by reason that– (a) the laws of any foreign jurisdiction prohibit or do not recognise the concept of a foundation; or (b) the transfer of property to the foundation, or any terms of its foundation charter or its by- laws– (i) avoids or defeats rights, claims or interests conferred by any law of a foreign jurisdiction on any person by reason of a personal relationship to the International Foundations [CAP. 24:02 75 founder or a subsequent transfer or by way of heirship rights, or (ii) contravenes any rule of law or judicial or administrative order or action of a intended to recognise, protect, enforce or give effect to any rights, claims or interests referred to in sub-paragraph (i).