PRESS RELEASE
20 January 2023

Double-Edged Sword: An Overview Of The UK Privy Councils Landmark Judgment On The 'Insolvency' Of Trusts

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.

On 13 October 2022, the UK Privy Council handed down one of the most significant decisions of the past decade for the trusts industry in common-law jurisdictions in relation to Halabi...
Jersey

WEDNESDAY 18 JANUARY 2023

On 13 October 2022, the UK Privy Council handed down one of the most significant decisions of the past decade for the trusts industry in common-law jurisdictions in relation to Halabi (Appellant) v Equity Trust (Jersey) Ltd (Respondent) in re the ZII Trusts 2022 UKPC 36.

Collas Crill acted for the successful lead appellant in the case.

Those who practice in or around the trusts industry are likely to have already heard about this matter. The various judgments are lengthy, complex and already the subject of considerable publication.

This article, published in the STEP's Trust Quarterly Review (December 2022) focuses on the facts underlying the Jersey appeal, the salient background leading up to the Privy Council's decision and the practical considerations that trustees and their creditors might now usefully have regard to.

Read the full article below:

Simon Hurry, Kellyann Ozouf and Matt Gilley, 'Double-edged sword', Trust Quarterly Review (Vol20 Iss4), pp.5-9

Click here for a shorter summary of the judgment, published in October 2022

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.

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