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
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.