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 senior associate Alice Bricogne 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

Partner Gavin Ferguson sworn in as a Guernsey Notary Public

Ogier partner Advocate Gavin Ferguson has been sworn in as a Notary Public and is able to offer notarial services to private and institutional clients.

Gavin leads Ogier's Guernsey Private Client and Trusts team having joined the firm this year.

Gavin joins fellow Ogier notaries Martyn Baudains (Guernsey), Steve Meiklejohn and Raulin Amy (Jersey) and Anthony Partridge (Cayman).

Read the full article: Partner Gavin Ferguson sworn as Notary Public in Guernsey

 

Ogier's Trusts Advisory Group draws together experts from different disciplines and locations to provide a seamless contentious and non-contentious advisory service which also includes relevant corporate support.

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About Ogier

Ogier provides practical advice on BVI, Cayman Islands, Guernsey, Jersey and Luxembourg law through its global network of offices. Ours is the only firm to advise on these five laws. We regularly win awards for the quality of our client service, our work and our people.

Disclaimer

This client briefing has been prepared for clients and professional associates of Ogier. The information and expressions of opinion which it contains are not intended to be a comprehensive study or to provide legal advice and should not be treated as a substitute for specific advice concerning individual situations.

Regulatory information can be found at www.ogier.com

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