Trust Essentials - July 2017

FURBS and firewalls (In the matter of the A Limited FURBS and the B EBT)

For the first time, a Guernsey trustee has sought advice from the Royal Court over whether it should submit to the jurisdiction of a foreign court – notwithstanding the firewall provisions of the island's trusts law. The case concerns a retirement scheme and English divorce proceedings, and the Royal Court's decision adds important clarity to an interesting area of law, with implications for both trusts practitioners and matrimonial lawyers. Dispute Resolution partner Advocate Mathew Newman explains the practical lessons arising from the case. Read more here

Scope and obligations - Cayman's new beneficial ownership regime begins