Jersey Case Law

Representation of V Trustees Limited (Formerly G Trustees Limited) re K and N Trusts 21 Oct 2020

Representation of V Trustees Limited (Formerly G Trustees Limited) re K and N Trusts 21 Oct 2020 [2020] JRC 220 (21 October 2020)

The Court accepted a trustee’s surrender of discretion over an inter-trust loan, but refused to approve restructuring that would benefit excluded persons or rebalance the trusts.

• Surrender of trustee discretion
• Inter-trust loans
• Excluded persons provisions
• Self-dealing/conflict of interest
• Trustee powers under bermudan law
• Court's jurisdiction over foreign trusts

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Representation of V Trustees Limited (formerly G Trustees Limited) re K and N Trusts

The Royal Court addressed a conflicted trustee’s request for directions over inter-trust debt between the K and N Trusts and refused to bless the proposed restructuring.

• Connected trusts
• Surrender of discretion
• Conflict of interest
• Self-dealing
• Excluded persons
• Trust administration

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In the matter of the 1964 F Settlement and the 1987 F Settlement

In the matter of the 1964 F Settlement and the 1987 F Settlement [2020] JRC 142A (24 July 2020)

The Royal Court of Jersey approved compensatory payments, a trust reorganisation, and a variation allowing self-dealing in two family settlements.

• Self-dealing
• Trustee powers
• Trust reorganisation
• Momentous decisions
• Conflict of interest
• Trustee-powers

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In the matter of the 1964 Settlement

In the matter of the 1964 Settlement [2020] JRC 140B (16 July 2020)

The Jersey Royal Court granted a self-dealing power for an English-law trust, but declined to bless a proposed restructuring because the variation made approval unnecessary.

• Self-dealing
• Variation of trusts
• Jurisdiction
• Conflict of laws
• Trust-variation
• Conflict-of-laws

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Stock -v- Pantrust International and Others

Stock -v- Pantrust International and Others [2016] JRC 021 (22 January 2016)

The Jersey Royal Court set aside 2013 security taken by former trustees over trust assets for conflict of interest, and ordered transfer of assets to the new trustee.

• Trustee removal
• Fiduciary duties
• Self-dealing
• Security over trust assets
• Conflict of interest
• Disclosure obligations

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