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A cross-jurisdictional Carey Olsen team has advised Strategic Value Partners (SVP) in its acquisition of Vita Group from TPG.

The X Trusts were discretionary trusts governed by English, Bermudian, and Jersey law. The trustees were prohibited from exercising certain powers without the "prior written consent” of the protectors.

Guernsey companies are governed by the Companies (Guernsey) Law, 2008. The Guernsey Financial Services Commission (GFSC) is the regulatory body for the finance industry in Guernsey...

The Trusts (Guernsey) Law, 2007 (Trusts Law) confirms that the terms of a trust may not relieve a trustee of liability for a breach of trust arising from its own gross negligence.

Alongside established trust structures, the BVI Private Trust Company (PTC) has become an increasingly valuable governance solution, providing families with a dedicated corporate trustee for estate, tax and succession planning.

A trust is created when the legal ownership of property is transferred to or vested in a trustee who thereafter is required by law to manage and administer the property for the benefit of beneficiaries...

Guernsey has approved targeted amendments to its Trusts Law following a comprehensive review by industry and government bodies. The reforms address practical issues in trust administration, clarify key provisions around settlor and protector powers, and enhance dispute resolution mechanisms. These changes aim to maintain Guernsey's competitive position as a leading international trusts jurisdiction while preserving the core strengths of its existing legal framework.

In the first article of this series, Middle East family office succession planning: avoiding offshore probate freezes, we explored how even well-designed ownership structures can be exposed if succession planning focuses solely on legal arrangements rather than operational continuity.

This note does not cover striking off companies or the specific provisions on winding up of protected cell companies and incorporate cell companies.

Under The Companies (Guernsey) Law, 2008 (the "Companies Law"), when a company has been dissolved and removed from the register, all property (physical and incorporeal)...