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

November 2010 - Finance. Legal Developments by Ogier .

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This case concerned five applications involving the Mischca Trust. The first application (the ā€œButterfield Applicationā€) was made by the trustee of the Mischca Trust to request confirmation from the Court that the setting 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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