Representation of U [2010] JRC 114A (17 June 2010)

Representation of U [2010] JRC 114A (17 June 2010)

The trustee's decisions not to participate in Q's English proceedings, not to make distributions or repay B's loan due to lack of liquidity and legal restrictions, and to disclose information to B were reasonable, made in good faith, and not vitiated by conflict of interest. Court approval was granted for all decisions.

Citation
[2010] JRC 114A
Parties
Trustee: U; Settlor/beneficiary: B; Spouse/former Beneficiary: Q; Child of B and Q: third respondent; Child of B and Q: fourth respondent; Child of B and Q: A
Jurisdiction
Jersey
Judgment Date
17 June 2010
Procedural Posture
Trust Directions Application / Final Judgment
Outcome
trustee's decisions approved
Legal Topics
Discretionary Trust, Trustee Discretion, Divorce Proceedings, Maintenance, Distribution of Trust Assets, Disclosure of Information

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Parties

U

Trustee

B

Settlor/beneficiary

Q

Spouse/former Beneficiary

third respondent

Child of B and Q

fourth respondent

Child of B and Q

A

Child of B and Q

Procedural Posture

Trust Directions Application / Final Judgment

  1. 1 Should the trustee participate in English divorce proceedings?
  2. 2 Should the trustee make a distribution or repay a loan to B?
  3. 3 Should the trustee disclose information to B?

Ratio Decidendi

The trustee's decisions not to participate in Q's English proceedings, not to make distributions or repay B's loan due to lack of liquidity and legal restrictions, and to disclose information to B were reasonable, made in good faith, and not vitiated by conflict of interest. Court approval was granted for all decisions.

Court Disposition

trustee's decisions approved

Orders

  • Trustee's decision not to participate in Q's English proceedings approved.
  • Trustee's proposal not to take further steps regarding property or distribution until notice and restriction are removed approved.