ARTICLE
6 February 2015

A Wake Up Call For Fiduciaries: Important Lessons From Nolan And Minerva

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Collas Crill

Contributor

Collas Crill is an offshore law firm with offices in Bermuda, BVI, Cayman, Guernsey, Jersey and London. We deliver a comprehensive range of legal services to clients across banking and finance, corporate, dispute resolution, funds, insolvency and restructuring, private client and trusts, real estate and regulatory. Our clients include some of the world’s leading international businesses, trusts and funds, and high-net-worth individuals and families across the globe. We continue to build a network of independent and trusted partners around the world including the Caribbean, the Channel Islands, the UK, Europe, the Americas and MENA.
The Nolan v Minerva case served as a sharp wake up call to professional service providers who may find themselves liable by failing to act independently or question a client's motives.
Jersey Corporate/Commercial Law

The Nolan v Minerva case served as a sharp wake up call to professional service providers who may find themselves liable by failing to act independently or question a client's motives.  

This judgment provides a stark reminder to fiduciaries regarding the high standards by which they will be judged.

Richard Holden, who successfully represented the plaintiffs, explores the lessons here.

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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