Financial services and regulatory — spring update
In each of these new quarterly updates, Mourant Ozannes will be focusing on issues that affect financial institutions in Jersey. The pace of development in the regulatory world drives a large number of regulatory newsletters, which are more often than not focused on changes and developments in the UK or the EU. While changes there are often relevant in Jersey too, this update will explore those changes in a local context, as well as commenting on purely local developments.
Our aim is to keep our Update short and to the point: hopefully you won’t need to take it home to read another time! Each Update is also intended to complement the quarterly meetings that we hold to discuss the latest financial services and regulatory issues (let us know if you don’t already attend but would like an invite). The meetings are an opportunity to explore particular points of interest with our lawyers and with industry colleagues in more detail. We hope you find our Update useful…
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News from Mourant Ozannes
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.