In the matter of the Augusta Trust [2024] JRC 093 (19 April 2024)

In the matter of the Augusta Trust [2024] JRC 093 (19 April 2024)

The Court exercised its power under Article 51 of the Trusts (Jersey) Law 1984 to appoint Tri-Pro Administrators Limited as trustee, given the absence of a trustee and the urgency created by tax liabilities on the trust asset.

Citation
[2024] JRC 093
Parties
Representor/applicant: B; Former Trustee: Olexco Trust Company Limited; Proposed Trustee: Tri-Pro Administrators Limited
Jurisdiction
Jersey
Judgment Date
19 April 2024
Procedural Posture
Representation / Appointment of New Trustee
Outcome
Application granted
Legal Topics
Appointment of Trustee, Removal of Trustee, Trust Administration
Trusts Private International Law Appointment of Trustee Removal of Trustee Trust Administration

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Parties

B

Representor/applicant

Olexco Trust Company Limited

Former Trustee

Tri-Pro Administrators Limited

Proposed Trustee

Procedural Posture

Representation / Appointment of New Trustee

Legal Issues

  1. 1 Whether the Court should appoint a new trustee for the Augusta Trust
  2. 2 Whether the removal of Olexco Trust Company Limited as trustee is appropriate

Ratio Decidendi

The Court exercised its power under Article 51 of the Trusts (Jersey) Law 1984 to appoint Tri-Pro Administrators Limited as trustee, given the absence of a trustee and the urgency created by tax liabilities on the trust asset.

Court Disposition

Application granted

Orders

  • Olexco Trust Company Limited removed as trustee of the Augusta Trust.
  • Tri-Pro Administrators Limited appointed as trustee of the Augusta Trust with effect from the date of the order.