Representation of LMG Lighthouse Trust Reg re Victory Properties (Jersey) Limited 28-Oct-2019 [2019] JRC 214C (28 October 2019)

The court has jurisdiction and should exercise its discretion to rectify the share register of Victory Properties (Jersey) Limited to reflect the Representor as shareholder, as Salamander Trust Company Limited has been dissolved and cannot transfer the shares, and rectification is necessary for proper administration of the company.

Citation: [2019] JRC 214C
Parties: Applicant: Representor; Previous Trustee: Salamander Trust Company Limited; Company: Victory Properties (Jersey) Limited
Jurisdiction: Jersey
Judgment Date: 28 October 2019
Procedural Posture: Rectification of Share Register / Judgment
Outcome: application granted
Legal Topics: Rectification of Share Register, Trustee Appointment and Removal, Dissolution of Trustee Company

Trust Law Company Law Rectification of Share Register Trustee Appointment and Removal Dissolution of Trustee Company

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Parties

Representor

Applicant

Salamander Trust Company Limited

Previous Trustee

Victory Properties (Jersey) Limited

Company

Procedural Posture

Rectification of Share Register / Judgment

Legal Issues

1 Whether the share register of Victory Properties (Jersey) Limited should be rectified to reflect the Representor as shareholder instead of Salamander Trust Company Limited
2 Whether the court has jurisdiction to order rectification in these circumstances

Ratio Decidendi

Court Disposition

application granted

Orders

Rectification of the share register of Victory Properties (Jersey) Limited in the terms of the draft order produced to the court.