Private Client & Offshore Services

December 21 2017
Simon Davies Funds litigation: Guernsey on map after £1 billion, seven-year case

Guernsey - Ogier

The Royal Court recently issued its judgment on what is thought to be the largest civil case in Guernsey's history. The decision has cleared a Guernsey investment fund that went into insolvency in the wake of the financial crash in 2008 of liability over its collapse. The scale of the case underlines Guernsey's position as not only one of the world's largest offshore finance centres, but also a venue capable of handling complex and demanding funds litigation cases.

Authors: Simon Davies, Charlotte Henshall
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Steve Meiklejohn Resigned trustee wins court approval for reappointment – what this means for trusts industry

Jersey - Ogier

The Royal Court recently assessed a case where the representor of a trust had sought to retire as trustee and provided the notice required under the terms of the trust to the company. Despite the fact that the trustee had reminded the company, no replacement was lined up when the company was dissolved. The case focused on the distinction between a trustee's fiduciary responsibilities and its powers and discretions provided for by the terms of a trust.

Authors: Steve Meiklejohn, Matthew Freegard
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Recent updates

Mirza Manraj Launching an ICO in British Virgin Islands

British Virgin Islands - Harney Westwood & Riegels

Author: Mirza Manraj
Jonathan Culshaw Anti-money Laundering Regulations for unregulated investment and insurance entities to take effect

Cayman Islands - Harney Westwood & Riegels LLP

Authors: Jonathan Culshaw, Patrick Colegrave, Christopher Hall, Matt Taber
Angelos Paphitis Private investments in Cyprus – a bright future

Cyprus - A G Paphitis & Co

Author: Angelos Paphitis
Alex Horsbrugh-Porter Scope of powers for trustee in bankruptcy where concurrent domestic insolvency proceedings exist

Guernsey - Ogier

Authors: Alex Horsbrugh-Porter, Michael Rogers
Jennie Cherry Revised Forms W-8 clarify some FATCA issues – but not all

USA - Kozusko Harris Duncan

Authors: Jennie Cherry, George N Harris Jr
Matthew Shaxson Reinstatement of a company

Jersey - Ogier

Author: Matthew Shaxson