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Private Client & Offshore Services

29 August 2019
Brian Simms Supreme Court identifies its jurisdictional limits to assist in trust arbitration proceedings

Bahamas - Lennox Paton

The Supreme Court recently clarified its jurisdictional limits to assist in trust-related arbitrations, ruling that it has no such jurisdiction to allow service outside an action's jurisdiction. Given this ruling, parties to trust arbitration agreements must be cognisant that, notwithstanding whether their trust deeds provide for the seat of any arbitration to be The Bahamas, the court can provide only limited assistance where the arbitration is not held and the parties or assets are not in The Bahamas.

Authors: Brian Simms, Marco Turnquest
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Sandrine Giroud Art collectors' alert – landmark Supreme Court ruling on returning artworks illicitly exported to country of origin

Switzerland - LALIVE

Estimated at $67.4 billion, the art market has become a global playing field for ultra-high-net-worth and high-net-worth individuals to invest their assets. Yet, lack of harmonisation of national legislations on the protection of cultural property may hamper collectors' pleasure in moving their art around the world. In a recent decision, the Swiss Supreme Court clarified the requirements to be met by countries of origin when requesting the return of artworks allegedly illicitly exported by their legitimate owners, thus absent any issues of ownership.

Authors: Sandrine Giroud, Tatiana Jullier
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Recent updates

Xavier Nicholas Will the gift keep on giving? Office of Tax Simplification's inheritance tax review

United Kingdom - Forsters LLP

Authors: Xavier Nicholas, Catherine Hill, Richard Douglas-Home
Sophia Rolle-Kapousouzoglou Privy Council determines extraterritorial reach of clawback claims in insolvency proceedings

Bahamas - Lennox Paton

Author: Sophia Rolle-Kapousouzoglou
Ashley Fife Important decision concerning confirmation of actions by improperly appointed trustees

Bermuda - Carey Olsen Bermuda

Authors: Ashley Fife, Cheri Minors, Keith Robinson
Oliver Passmore Z Trusts judgment: whose rights take priority when a trust is insolvent?

Jersey - Ogier

Authors: Oliver Passmore, Daniel Maine
Werner Jahnel Revised PILA: setting the ground for trust arbitration in Switzerland?

Switzerland - LALIVE

Authors: Werner Jahnel, Roman Huber
Jennie Cherry Should offshore trusts stay offshore – the long-term trust solution

USA - Kozusko Harris Duncan

Authors: Jennie Cherry, Stephen K Vetter
Johanna Niegel Family links in estate and succession planning

Liechtenstein - Allgemeines Treuunternehmen (ATU)

Author: Johanna Niegel
Craig Cordle The list goes on – why Guernsey bridges gap between funds and stock exchanges

Guernsey - Ogier

Author: Craig Cordle