Trust Essentials - May 2017

Novel points of law raised over submission by a Guernsey trustee to a foreign jurisdiction

A recent decision of the Royal Court has considered for the first time whether a Guernsey trustee should submit to the jurisdiction of a foreign court.

The application took place in camera, however the Deputy Bailiff handed down his reasons to the application on 24 April 2017 due to the novel points of law raised by Advocate Mathew Newman, head of Ogier's Guernsey Dispute Resolution team, which he felt deserved wider dissemination.

Read the full article: Submission by a Guernsey trustee to the jurisdiction of a foreign court 

Beddoe relief where a third party claim may exhaust trust assets 

The Honourable Chief Justice Anthony Smellie QC has delivered an important judgment, clarifying the ability of a Cayman Islands trustee to obtain Beddoe relief when faced with a third party claim that exceeds the value of the assets currently held in trust^.

In reaching this decision, the Chief Justice also addressed the scope of a third party litigant's ability to participate in a Beddoe application and who should bear the burden of costs.

Read the full article: Beddoe relief where a third party claim may exhaust Trust assets

Ogier named Best Offshore Law Firm at WealthBriefing European Awards

Ogier was named Best Offshore Law Firm at the prestigious WealthBriefing European Awards 2017 in London on 9 May – the third award of its kind that we have won in 2017.

The award marks innovation and excellence during the past 12 months in global private banking, wealth management and trusted adviser communities.

Ogier was also this week nominated in the Offshore Law Firm of the Year category in The Lawyer Awards 2017 – we're looking forward to the event on 27 June.

Already this year, we have been named Law Firm of the Year in both the Jersey and Caribbean categories at the Citywealth IFC Awards and Head of Marketing Kate Kirk won Woman of the Year: Business Services at Citywealth's Power Women Awards.

Read the full article: Ogier named Best Offshore Law Firm at WealthBriefing European Awards

Jersey's strategic focus on high quality regulation continues to yield dividends

Market commentary from our Global Senior Partner Steve Meiklejohn

"While the Panama Papers made headlines about the offshore world, the reality for Jersey was that the work that has been done to carve ourselves a role as a financial services centre that bases its reputation and "sales pitch" on the strength and quality of its regulation is continuing to pay off..."

Read the full article: Jersey's strategic focus on high quality regulation continues to yield dividends

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