In re Tantular v [2014] 2 JLR 25 (10 June 2014)

In re Tantular v [2014] 2 JLR 25 (10 June 2014)

Trust assets are not the realisable property of a discretionary beneficiary; therefore, saisie judiciaire cannot be granted over them solely on the basis of beneficiary status.

Citation
[2014] 2 JLR 25
Parties
Beneficiary/offender: Tantular
Jurisdiction
Jersey
Judgment Date
10 June 2014
Procedural Posture
Application for Saisie Judiciaire / Ruling
Outcome
application refused
Legal Topics
Discretionary Trusts, Beneficial Interest, Proceeds of Crime (jersey) Law 1999, Saisie Judiciaire
Trusts Criminal Law Discretionary Trusts Beneficial Interest Proceeds of Crime (jersey) Law 1999 Saisie Judiciaire

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Parties

Tantular

Beneficiary/offender

Procedural Posture

Application for Saisie Judiciaire / Ruling

Legal Issues

  1. 1 Whether a beneficiary of a discretionary trust is 'beneficially entitled' to trust assets for purposes of art. 2(1)(b)(iii) of the Proceeds of Crime (Jersey) Law 1999
  2. 2 Whether trust assets are realisable property of the beneficiary for the purpose of granting saisie judiciaire

Ratio Decidendi

Trust assets are not the realisable property of a discretionary beneficiary; therefore, saisie judiciaire cannot be granted over them solely on the basis of beneficiary status.

Court Disposition

application refused

Orders

  • No saisie judiciaire granted over trust assets