Crociani -v- Crociani [2015] JRC 178 (01 September 2015)
Given the trustee's conflict of interest, lack of independent consideration of the beneficiary's request, and the unresolved merits of the substantive claim, it would be unjust to make a costs order against the plaintiffs at this stage; costs are reserved to the trial judge.
- Citation
- [2015] JRC 178
- Parties
- First Plaintiff: Cristiana Crociani; Second Plaintiff: Delia Crociani; Third Plaintiff: Livia Crociani; First Defendant: Madame Crociani; Second Defendant: Mr Paul Foortse; Third Defendant: BNP Paribas Jersey Trust Corporation Limited; Fourth Defendant: Appleby Trust (Mauritius) Limited; Sixth Defendant: Camilla Crociani; Sixth Defendant: Camillo Crociani Foundation Limited
- Jurisdiction
- Jersey
- Judgment Date
- 01 September 2015
- Procedural Posture
- Trust Litigation / Costs Determination Following Withdrawal of Pre Emptive Costs Application
- Outcome
- Costs reserved to the trial judge; no order for costs at this stage.
- Legal Topics
- Pre Emptive Costs Orders, Trustee Duties, Beneficiary Rights, Costs Following Withdrawal, Jurisdictional Issues, Conflict of Interest in Trustees
Case Brief
Summary, issues, holding and outcome
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Parties
Cristiana Crociani
First Plaintiff
Delia Crociani
Second Plaintiff
Livia Crociani
Third Plaintiff
Madame Crociani
First Defendant
Mr Paul Foortse
Second Defendant
BNP Paribas Jersey Trust Corporation Limited
Third Defendant
Appleby Trust (Mauritius) Limited
Fourth Defendant
Camilla Crociani
Sixth Defendant
Camillo Crociani Foundation Limited
Sixth Defendant
Procedural Posture
Trust Litigation / Costs Determination Following Withdrawal of Pre Emptive Costs Application
Legal Issues
- 1 Whether costs should be awarded and on what basis following withdrawal of a pre-emptive costs application by beneficiaries against trustees and former trustees
- 2 Whether the conduct of the trustees and former trustees justified indemnity costs
- 3 Whether the application for pre-emptive costs was justified given the trust's illiquidity and the beneficiaries' position
Ratio Decidendi
Given the trustee's conflict of interest, lack of independent consideration of the beneficiary's request, and the unresolved merits of the substantive claim, it would be unjust to make a costs order against the plaintiffs at this stage; costs are reserved to the trial judge.
Court Disposition
Costs reserved to the trial judge; no order for costs at this stage.
Orders
- Costs arising out of the application are reserved to the trial judge.
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