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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 ‚ÄúButterfield Application‚ÄĚ) 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 (‚ÄėIFAS‚Äô) 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 (‚ÄúMemorial Trust‚ÄĚ) was lawful.




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