Guernsey: Trusts

This guide explores the latest legislative, regulatory and enforcement developments in Guernsey and provides expert analysis on industry-wide topics including the local legal framework, the main stages of a fraud case, parallel proceedings, cross-jurisdictional mechanisms, recent developments, technology and other impacting factors.

In Al Thani v Al Thani, the UK Privy Council ("the Privy Council") was asked to consider whether British Virgin Islands (BVI) company legislation treats the shares in a company registered in the BVI as immovable property and, therefore, subject to the laws of the BVI in determining the validity of a testamentary instrument for effecting the transmission of those shares on the death of the owner.

As wealth management evolves, South African high-net-worth individuals ("HNWIs") are increasingly looking for efficient offshore structures to protect and grow their assets.