Under section 43(b) of the Trusts (Guernsey) Law, 2007, when a trustee resigns or is removed it may require that it be provided with reasonable security for liabilities before surrendering trust property....more
3/28/2025
/ Asset Management ,
Beneficiaries ,
Breach of Duty ,
Contract Disputes ,
Fees ,
Fiduciary Duty ,
Indemnity ,
Tax Liability ,
Trustees ,
Trusts ,
UK
Jurisdiction clauses in trust deeds are critical in determining the forum for resolving disputes. These clauses can be either exclusive, conferring jurisdiction to a specific court, or non-exclusive, allowing for flexibility...more
3/6/2025
/ Arbitration ,
Bermuda ,
Breach of Contract ,
British Virgin Islands ,
Cayman Islands ,
Contract Terms ,
Dispute Resolution ,
Enforcement Actions ,
Fiduciary Duty ,
Island of Guernsey ,
Jurisdiction ,
Settlement ,
Trustees ,
Trusts
Employers are increasingly aware of the essential role top-performing employees play in the success of their business. With a globalised workforce and competitive job market, companies that do not focus on employee retention...more
Currently, no, there are not public beneficial ownership registers in respect of trusts (at least in the British Virgin Islands ("BVI"), Cayman, Jersey, Guernsey or Bermuda), however, if enacted in the form gazetted, the BVI...more
Notwithstanding the turbulent past few months, which have seen roughly $2 trillion worth of value disappear from the digital asset ecosystem, we are still seeing an increase in enquiries by high net worth individuals...more
“It is only when the tide goes out that you learn who has been swimming naked”. This quote – usually attributed to Warren Buffett – resurfaces when economic conditions worsen, but what does it mean? In the context of the...more