The Z Trusts Equation — Z2 + Z3 = 1T + IP

The below article, written by Collas Crill's Of Counsel in Jersey Sam Williams and first published on Lexis PSL, provides an update on the latest developments in the Z Trusts insolvency case, which has so far this year led to three ground-breaking judgements from the Royal Court of Jersey in the developing and controversial area of 'insolvent' trusts.

Private Client analysis: The Royal Court of Jersey has released three judgments in the first half of 2020 which continue to break new ground in the developing and controversial area of 'insolvent' trusts, culminating in the appointment of an insolvency practitioner to conduct a winding up of the two trusts in question. The Royal Court was also asked to consider a pre-emptive costs application by the appellant in the forthcoming Privy Council appeal on the issue of priority ranking and the equitable lien of a former trustee. Sam Williams, of counsel at Collas Crill LLP (Jersey), provides an update on the