Taking title to real estate in the Cayman Islands
Before purchasing real estate in the Cayman Islands, very careful consideration should be given as to how to take title to the real estate to be purchased. Real estate can be registered in your personal name, in joint names with someone else or in the names of up to 10 individuals. Real estate can also be registered in the name of a company or through a trust structure.
The ultimate use to which the property is to be put and the potential liabilities which the intended use may give rise to may, of course, have a bearing on how the real estate should be titled…
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Briefings from Mourant Ozannes
Jersey Court of Appeal confirms rights of non-trustee fiduciaries to an indemnity out of the trust fund
On appeal from the Royal Court, the Jersey Court of Appeal held that a fiduciary in relation to a trust had an identical right of indemnity in equity out of the trust fund as a trustee.
The interpleader proceedings in Guernsey are dealing with substantial assets claimed to be the proceeds of a fraud alleged against Nikolai Battoo and the BC Capital Group.