Paragraph
Where no applicable law has been chosen, a trust shall be governed by the law with which it is most closely connected.
In ascertaining the law with which a trust is most closely connected reference shall be made in particular to—
(a)
the place of administration of the trust designated by the settlor;
(b)
the situs of the assets of the trust;
(c)
the place of residence or business of the trustee;
(d)
the objects of the trust and the places where they are to be fulfilled.