ARTICLE
6 February 2015

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

CC
Collas Crill

Contributor

Collas Crill is an offshore law firm with offices in BVI, Cayman, Guernsey, Jersey and London.

We deliver a comprehensive range of legal services to clients locally and globally in four broad practice areas: Financial Services and Regulatory; Insolvency and Corporate Disputes; Private Client and Trusts; and Real Estate.

Clients include some of the world’s leading financial institutions, international businesses, trusts and funds, as well as 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 US, the Middle East, South Africa and Asia.

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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