Foundations: Another Sensible And Pragmatic Approach From Jersey's Royal Court

In November 2016, the Royal Court handed down its judgment in In the Matter of the C Trust Company Limited [2016] JRC 144 in which it blessed momentous decisions taken by the council member of five Jersey foundations. This is only the second occasion that the Royal Court has had to consider an application in respect of a Jersey foundation since the introduction of the Foundations (Jersey) Law 2009 (the Foundations Law).

Facts

The applicant was the sole council member of five Jersey foundations (four non-charitable foundations, established for the benefit of a family (the Non-Charitable Foundations) and one charitable foundation (the Charitable Foundation)) (together, the Foundations) and applied to the Court seeking declarations that it had the power to make a number of profound changes to the Foundations such that they would ultimately be dissolved.