Channel Islands Stock Exchange update
The Channel Islands Stock Exchange (CISX) has clarified how to approach dealings with the CISX in the period prior to its proposed restructure.
The CISX announced on 14 October that it intended to undertake a reorganisation to simplify and modernise its structure, although details of the restructure have not yet been provided. Our understanding is that the relevant stakeholders, including the Guernsey Financial Services Commission (which is the regulator of the CISX), are working to assist with the restructure and that steps will be taken to maintain the CISX’s current international recognitions and designations.
The CISX has now issued an operational statement that provides guidance as to the types of listing applications the CISX will accept for consideration…
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Briefings from Mourant Ozannes
What is the role of the Royal Court of Jersey in trustee applications for directions regarding disclosure of trust information?
A recent application has raised the issue of the function of the court, namely whether the court was exercising its own discretion in supervising, and intervening, in the administration of a trust.
Royal Court clarifies limits of customary law exception in respect of time-barred breach-of-trust claims brought by incoming trustee
Where a newly incorporated PTC recently appointed as successor trustee seeks to bring claims for breach of trust against predecessors, it will not be able to benefit from empêchement d’agir.