Despite mounting environmental concerns and political pressure around the use of private jets, the private aviation sector continues to experience strong growth, particularly in the Middle East and Asia. With increasing...more
5/17/2024
/ Asia ,
Aviation Industry ,
Beneficiaries ,
Bermuda ,
Cayman Islands ,
Corporate Structures ,
Middle East ,
Offshore Companies ,
Ownership Interest ,
Registration Requirement ,
Trustees ,
Trusts
The Cayman Islands reformed its trust laws to provide a statutory mechanism by which flawed decisions of trustees and other fiduciaries can be set aside on application to the court. The codification of the Hastings‑Bass rule...more
5/10/2023
/ Beneficiaries ,
Board of Directors ,
Breach of Duty ,
Cayman Islands ,
Companies Act ,
EU ,
Fiduciary ,
Fiduciary Rule ,
Trustees ,
Trusts ,
UK ,
UK Supreme Court
Offshore Trust and Estate Litigation Update Series – Part II -
Following on from Part I of this series which summarised the Cayman Court’s consideration of a trustee’s application for the “blessing” of a “momentous...more
5/1/2023
/ Appeals ,
Beneficiaries ,
British Virgin Islands ,
Cayman Islands ,
Cross-Border ,
Offshore Companies ,
Oral Communications ,
Private Company Shares ,
Res Judicata ,
Trustees ,
Trusts ,
Wills
Offshore Trust and Estate Litigation Update Series – Part I -
Trust and estate disputes in both the Cayman Islands and the BVI, and claims against the actions of a trustee/executor or disputes related to an interested...more
The holding company of many corporate groups trading in Asia is frequently incorporated in an offshore financial centre such as the British Virgin Islands (“BVI”). It is therefore common for high-net-worth individuals...more
STAR Trusts are a form of trust that is exclusive to the Cayman Islands (Cayman), and which have a wide variety of practical applications. The unique features of a STAR Trust provide clients with structuring options that are...more
11/18/2021
/ Beneficiaries ,
Cayman Islands ,
Commercial Use ,
Duration of Status ,
Duty of Confidentiality ,
Enforcement ,
Family Businesses ,
Initial Public Offering (IPO) ,
Jurisdiction ,
Philanthropy ,
Special Purpose Acquisition Companies (SPACs) ,
Trustees ,
Trusts
Welcome to the sixth edition of our Private Client Bulletin, bringing you the latest private client and trust news and insights from Bermuda, the Cayman Islands, BVI and Asia.
This edition features articles on offshore...more
11/16/2021
/ Asia ,
Beneficiaries ,
Bermuda ,
British Virgin Islands ,
Cayman Islands ,
Divorce ,
Family Trusts ,
Foreign Judgments ,
Joinder ,
Jurisdiction ,
Marital Assets ,
Trust Protector Actions ,
Trustees ,
Trusts
Robert Lindley and Wesley O’Brien provide a step-by-step guide to dealing with missing or uncooperative beneficiaries -
It will be important for the trustee to be capable of demonstrating that it has made sufficient...more
Offshore: What is appropriate?
Robert Lindley and Wesley O’Brien discuss cases where offshore family courts act as auxiliaries to those onshore -
Generally, for a foreign judgment to be capable of enforcement in an...more
10/14/2021
/ Beneficiaries ,
Cayman Islands ,
Divorce ,
Family Law Courts ,
Foreign Judgments ,
Foreign Jurisdictions ,
International Litigation ,
Joinder ,
Jurisdiction ,
Trust Deeds ,
Trustees ,
Trusts ,
UK
Welcome to the fifth edition of our Private Client Bulletin, bringing you the latest private client and trust news and insights from Bermuda, the Cayman Islands, BVI and Asia.
In this issue, we have several notable...more
8/10/2021
/ Appeals ,
Asia ,
Beneficiaries ,
Bermuda ,
British Virgin Islands ,
Cayman Islands ,
Corporate Governance ,
Divorce ,
Evidence ,
Investment ,
Piercing the Corporate Veil ,
Private Company Shares ,
Probate ,
Real Estate Investments ,
Residency Status ,
Settlors ,
Taxation ,
Trusts ,
Witness Statements