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Clients from forced heirship jurisdictions can establish an offshore trust that will be defended by the court.
Hostile divorce case shows an application to surrender discretion to the Court should not be undertaken lightly.
The Royal Court handed down its decision in In the matter of X (a bankrupt) only months after the decision of the Privy Council in Singularis Holdings Ltd v PricewaterhouseCoopers.
The Judicial Committee of the Privy Council has handed down a landmark judgment concerning the doctrine of tracing.
Of interest to trustees in relation to transfers from a non-Jersey trust to a Jersey trust.
Also: profit-shifting; Investment Association statement; and more.
Recent English case law has served to emphasise the requisite levels of intention needed on the part of the transferor for the creation of a Quistclose trust or any other sort of analogous resulting trust.
Cayman Islands Court of Appeal rules on rights of non-registered investors to enforce shareholder rights
The Cayman Islands Court of Appeal (CA) considered whether a beneficial owner of shares in a fund could seek to prove in the liquidation of that fund in respect of rights granted under a side letter.
Weavering litigation – Cayman hedge fund directors’ duties and indemnity/exculpation clauses back in the spotlight
The Cayman Islands Court of Appeal has issued its much-anticipated decision in Weavering Macro Fixed Income Fund Limited (In liquidation) vs Stefan Peterson and Hans Ekstrom...
Two judgments have provided some insight into the exercise of the Royal Court’s supervisory jurisdiction over Jersey trusts.
Ogier has appointed a new partner to its Cayman Islands dispute resolution team. Ulrich Payne joins the firm from Kirkland & Ellis International in London, where he was a partner.
Funds update: AIFMD implementation under fire; European agreement on beneficial ownership registers; and more
Also: new Jersey accounts documentation and recent case law.
A case concerns whether or not there is a form of equitable remedy which would justify an earlier trustee who had disposed of assets.
A recent decision of the UK Upper Tribunal (Lands Chamber) could influence Jersey’s Royal Court in interpreting the ‘reasonableness’ of service charge items.
Decisions over the past 12 months will provide considerable comfort to those concerned about exposure to clawback action.
These two cases are helpful in terms of how the court sees the inter-relationship between the new article 47 test for mistake and the pre-existing provision of the TJL at article 11.
On 24 November 2014 Guernsey’s Legislation Select Committee passed the Companies (Guernsey) Law, 2008 (Amendment) Ordinance, 2014 with immediateeffect.
Wanambwa has experience advising major corporates, financial institutions and insolvency practitioners on a broad range of large commercial disputes.
On 24 October 2014, the Commerce & Employment department published its consultation paper on various options for reforming Guernsey’s insolvency regime.
This briefing discusses some of the issues to be considered by trustees of Guernsey trusts and their advisers when foreign couples connected with the trust divorce.