Advice to PE real estate firm on bespoke Jersey non-charitable purpose trust

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Ogier advised a private equity real estate firm in relation to the establishment of a highly bespoke Jersey non-charitable purpose trust established to acquire certain insolvent / bankrupt entities from the client's business portfolio and to thereafter effect the proper winding up of those entities. 

The advice involved consideration of issues relating to appropriate purposes of the trust and the role and duties of the trustee in effecting or otherwise coordinating the winding up of the relevant entities.

James Campbell and Richard Laignel from Ogier's Private Wealth team provided advice involving the consideration of issues relating to appropriate purposes of the trust and the role and duties of the trustee in effecting or otherwise coordinating the winding up of the relevant entities.

Richard said: "Jersey non-charitable purpose trusts offer exceptional flexibility, making them an attractive option for a variety of uses beyond traditional charitable purposes.  In this case the non-charitable purpose trust provided an efficient solution for our client's needs, where other vehicles would not have been suitable."