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A private trust company is a privately owned corporate trustee whose sole purpose is to act as trustee to a trust or group of ‘connected’ trusts.
Tantular v AG: Royal Court in Jersey provides clarification as to the impact of saisies judiciaires on discretionary trusts
A saisie judiciaire may not be granted over the assets of a discretionary trust merely on the grounds that the offender (or suspected offender) is a beneficiary.
This article looks at the implications for a trustee in Jersey faced with the difficult situation where it is suspected that trust assets may be the proceeds of crime and/or a civil fraud.
The topics considered in this update have, by accident rather than design, an anti-money laundering flavour to them.
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.
The Law Society of Jersey, the statutory regulatory body for advocates and solicitors of the Royal Court, has appointed Jonathan Speck as its new president.
In a landmark ruling, the Court of Appeal has clarified what is meant by ‘exclusive jurisdiction’ and ‘forum for administration’.
Mourant Ozannes is to co-present two trust and private client conferences — one in Guernsey and one in Jersey.
Guernsey: all potentially interested parties to be considered by the court when blessing a decision of trustees
The Guernsey Court of Appeal has upheld a decision blessing a trustee’s decision to pay for the costs of refinancing a trust asset from the assets of a family trust.
The Guernsey Court of Appeal has reinstated an asset restraint order made over assets in a trust, where a beneficiary of that trust faced criminal proceedings in South Africa.
Mourant Ozannes has examined the principles relating to costs in non-adversarial trust proceedings.
What is the role of the Royal Court of Jersey in trustee applications for directions regarding disclosure of trust information?
The Royal Court of Jersey has blessed the decision of the trustee of the Y Trust to refuse disclosure of information concerning the trust to the first respondent.
Mourant Ozannes has a new Guernsey advocate. Matthew Guthrie, a senior associate within the international trusts and private client practice, has been sworn in at the Royal Court of Guernsey.
Mourant Ozannes has announced the promotion of three litigation lawyers in the Cayman Islands to senior positions within the firm.
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.
Direct disclosure obligations resulting from joinder of adult beneficiaries to matrimonial proceedings affecting trusts
The trustees had applied to the Royal Court of Jersey and the Eastern Caribbean Supreme Court for the approval of their decisions not to participate in the English financial remedy proceedings.
Mourant Ozannes has assisted lead adviser Clifford Chance in advising Electra Private Equity on its £180m acquisition of Ogier Fiduciary Services.
Jim Edmondson will join Mourant Ozannes’ international trusts and private client practice as a consultant based in London.
The Security Interests (Jersey) Law 2012 provides Jersey with a modern, efficient regime for the creation and enforcement of security interests in intangible property.
This briefing from Mourant Ozannes focuses on the Hastings-Bass principle in Jersey.