Accounting for bribes: a Jersey update
By Gillian Robinson
The law in Jersey relating to the consequences of receiving a bribe has recently been clarified in the case of Lloyds Trust Company (Channel Islands) Limited v Fragoso and Others  JRC 211 concerning a Jersey trust known as the Rex Trust.
The Rex Trust itself had been established in 1999 by a Mozambican national, Mr Fragoso. He told the professional trust company which would act as trustee that he was a civil engineer who had earnt the funds to be settled into trust from various engineering consultancy contracts he had undertaken in different parts of the globe.
In 2010, the trustee became aware that an English construction company had been convicted in England of paying bribes in Ghana and Jamaica in order to obtain construction contracts. While there were no charges that related specifically to Mozambique, the company accepted in the course of the prosecution that it had in various countries, including Mozambique, made corrupt payments to public officials so as to procure contracts…
If you are registered and logged in to the site, click on the link below to read the rest of the Appleby briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Appleby
News from The Lawyer
Briefings from Appleby
Bermuda’s legal framework facilitates the creation of flexible and economically viable co-investment vehicles within a stable and business-friendly jurisdiction.
Feltham v Bouskell provides a cautionary tale for lawyers regarding the need to act quickly upon the receipt of instructions from elderly or ill clients.
Analysis from The Lawyer
Offshore law firms have long supplemented their legal offerings with fiduciary business, but will that model last?
Business is booming in the Isle of Man, a small jurisdiction that thinks big