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In December 2013, the liquidator of a Russian bank commenced proceedings in Moscow against one of the founders of the bank, Mr Pugachev, alleging that he had defrauded the bank out of c USD 2.2 billion.

To talk of an insolvent trust is, of course, a misnomer, a trust is not a separate legal entity and cannot, as a matter of law, be insolvent.

The case involved the trustee of a number of Isle of Man trusts granting several call options. The call options could have led to capital gains tax consequences for the beneficiaries resident in the UK.

During the lifetime of the Trust, it is likely that the Trustee will receive requests for information about the Trust, or its administration, from a beneficiary.

The Isle of Man High Court has confirmed that it will in appropriate cases make orders protecting the privacy of settlors, beneficiaries and trust affairs.

A discussion on when can a Protector expect to be indemnified from trust property for the costs of acting in the role.

Whilst Isle of Man Trusts and Isle of Man Limited Companies have been mainstays of offshore wealth planning for decades, the relatively recent introduction of the Isle of Man Foundation in 2011 has provided advisers with a blend of features possessed by corporate entities and fiduciary vehicles, to further their clients' objectives.

Creating a trust involves more than simply drafting a trust document and arranging for it to be signed.

The Jersey case Trilogy Management v YT & Others [2012] JCA 204 has provided some useful guidance in relation to the costs arising from non adversarial applications in relation to trusts.

Equity incentive plans have grown in popularity in recent years as they provide a fantastic mechanism for motivating employees, retaining talent and aligning the interests of the workforce and Shareholders.

A recent case in the Court of Appeal of England and Wales reiterates the importance of having trustees entered as the member of a company, rather than the trust itself being entered as the member.

In the recent case of IFG International Trust Company Limited and others v French (2012) CHP 2012/0048, the Isle of Man High Court gave useful guidance on the entitlement of a former protector to an indemnity from a trust.

The Isle of Man is a jurisdiction well known for the establishment and management of both Isle of Man Trusts and Foundations.

Each Family Office is as unique as the Ultra-High-Net-Worth (UHNW) family it represents.

No two families are the same. While some adopt a conservative, savings-led approach to wealth, others prioritise experience, lifestyle, or even legacy-making through philanthropy...

The Private Foundation represents a unique incorporated vehicle that is becoming increasingly popular for estate planning, asset protection, and a wide and varied array of activities.

The Staff of Government Appeal Division of the High Court of Justice of the Isle of Man set aside an order of the High Court on 19 July 2021 and directed a trustee to reconsider its decision not to appoint a new protector to the trust, ...