ARTICLE · 14 APRIL 2015

Jersey Court Examines Directors’ Duties And Relief From Liability

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The Royal Court has recently examined directors’ duties in Jersey law in the case of Vilsmeier v AI Airports International Limited and PI Power International Limited [2014] JRC 257.

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The Royal Court has recently examined directors' duties in Jersey law in the case of Vilsmeier v AI Airports International Limited and PI Power International Limited [2014] JRC 257.

The judgment in Vilsmeier makes fascinating reading, not only for legal issues it discusses, but also for its Hollywood fact pattern involving Kazakh "specialists" allegedly dispatched by an Austrian bank to the plaintiff's home in Switzerland to deal with "the Vilsmeier problem", perceived kidnap attempts on the plaintiff's 11-year-old daughter, and spies on the companies' boards (apparently). As a result, the plaintiff, the former chairman of the two defendant companies, incurred hundreds of thousands of euros of security costs to hire bodyguards, upgrade his house and rent an armoured Audi A6, at the expense of the companies.

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