Investec & anr v Glenalla & ors [2017] WTLR 205
March 2017 #167The plaintiffs were the former trustees of the Tchenguiz Discretionary Trust (the ‘trust’), which had been established in Jersey by Declaration of Trust dated 26 March 2007 for the benefit of a class of beneficiaries comprising Robert Tchenguiz and his children a remoter issue. The Trust was funded initially by an appointment from the Tchenguiz Family Trust which had previously been established in the British Virgin Islands. Subsequently, the trustee of this trust entered into a loan agreement for borrowing of monies from Kaupthing Bank (the ‘bank’) and then made an appointment of assets...
Re B, B v T
June 2013 #130The appellant beneficiary (B) appealed from the order of Judge J R Finch made in the Royal Court of Guernsey on 15 March 2012 granting liberty to the respondent trustee (T) to disclose information and documentation to law enforcement authorities in France inter alia to protect the interests of T in the context of an ongoing criminal investigation.
T was the subsidiary of an international banking group and was the trustee of two trusts created in February 1989 for the benefit of the children and grandchildren of the settlor (S). S had died in 2001. Shortly afterwards, the...