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Mischca Trust & Butterfield Trust (Guernsey) v Thommessen et al.

October 2010 - Finance. Legal Developments by Ogier .

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This case concerned five applications involving theMischca Trust. The first application (the ā€œButterfieldApplicationā€) was made by the trustee of the MischcaTrust to request confirmation from the Court that thesetting up of the International Fund for Arts and Sciences(ā€˜IFASā€™) charitable trust by them was lawful.  

The trustee also sought confirmation from the Court that a transfer of assets that was made by it from the IFAS and the Mischca Trust to a new charitable trust named the Maria Benson Memorial Trust (ā€œMemorial Trustā€) was lawful

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