Trust Essentials - October 2017

Resigned trustee wins court approval for reappointment - what the RBC Trustees (Guernsey) Limited judgement means for the trusts industry...

Jersey's Royal Court had "no hesitation" in re-appointing a trustee that had resigned its role, after it was left with fiduciary responsibility for trust assets but no authority to act when it was not replaced. The case of RBC Trustees (Guernsey) Limited explores what happens to powers reserved to a settlor when that settlor dies or, in the case of a company, is liquidated. Partner Steve Meiklejohn and associate Matthew Freegard explain.

Read the full article: Resigned trustee wins court approval for reappointment - what the RBC Trustees (Guernsey) Limited judgement means for the trusts industry

New Foundation Companies legislation in the Cayman Islands - uses and requirements

The Cayman Islands Foundation Companies Law, 2017 (Foundation Law) has now come into force. In this briefing partner Anthony Partidge and associate Fraser Allister summarise the main legal requirements and principles applicable to Foundation Companies.

Read the full article: A Guide to new legislation on Foundation Companies in the Cayman Islands

A guide to Private Trust Foundation Structures in Guernsey

A Private Trust Foundation (PTF) is, in its simplest form, a foundation incorporated specifically to act as trustee of one or more family trusts. The following guide by partner Matt Guthrie gives an overview to establishing a PTF structure and the benefits that they bring.

Read the Private Trust Foundation (PTF) Structures in Guernsey, An Ogier Overview

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