It has been another busy summer for the Fiduciary teams in all
four of our offices.
The following projects are some of this summer's
Advising on the establishment of a Guernsey Foundation to act
as trustee of multiple family trusts
Registering a Guernsey Foundation for a Guernsey Trustee to
benefit named charitable beneficiaries in Barbados
Assisting in the establishment of a Jersey PTC structure for an
Advising on the Jersey and Guernsey legal aspects of a
pan-Channel Island final salary pension scheme in connection with a
proposal put forward by the employer to introduce a change to the
scheme rules permitting active members to voluntarily opt-out of
Advising the Trustees of a Jersey Unit Trust structure, the
unitholders being general partners of a Jersey limited partnership,
in their £165 million syndicate refinancing of a London hotel
which included a change of trustees and mezzanine financing to
Luxembourg companies forming part of the group structure
Acting for a private bank in connection with a £40m loan
to an Abu Dhabi family to be secured over a substantial residential
property in central London, and
Advising two generations of a Dubai-based family in connection
with the structuring of onshore residential Dubai real estate using
a Guernsey Trust structure
London also sees the STEP Private Client Awards later this month
at the Hilton Park Lane on Wednesday 17 September - Ed and Angela
very much look forward to seeing you there.
In addition, we are pleased to announce our nomination for
Citywealth Law Firm of the Year in both Guernsey and Jersey - an
award that we were delighted to win last year. If you would still
like to vote for us, it isn't too late!
Read on for commentary on a recent Jersey case involving Unit
Trusts from David Dorgan. Angela and Bethan Boscher also look
at a very recent and interesting case that has been before the
Guernsey Court of Appeal concerning disclosure orders against
KNOWLEDGE IS POWER; INFORMATION IS LIBERATING - WITH HELP FROM
THE GUERNSEY COURT
In a recent interesting decision from the Guernsey Court of
Appeal, the Guernsey Court has confirmed that, in rare
circumstances, it is appropriate for trustees to demand information
from beneficiaries in order for the trustees to be able to
administer a trust in an equitable manner.
A RARE EXAMPLE OF A COURT EXPLORING THE NATURE OF UNIT
If you are a trustee, manager or unitholder involved with a unit
trust structure, David Dorgan explains
the legal nature of a unit trust. This article will
assist you to fully appreciate the rights and obligations involved
between the parties and that a manager can be considered a trustee
for liability purposes.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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