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Royal Court intervenes to set aside trustee decision

In B v Erinvale, the Royal Court intervened to set aside a decision of the trustee not to make the spouse of the settlor a beneficiary in her own right. The court s decision has implications for trustees and their obligation to act reasonably despite the trustee setting out reasons for its original decision. Summary This case concerned an application made by B under Article 51 of the Trusts (Jersey) Law 1984 to be added as a beneficiary of the A Settlement in her own right. B was already a beneficiary of the A Settlement in her capacity as the spouse of the settlor. However, the settlor was in ill health and had issued divorce proceedings, such that B had become concerned about her status as a beneficiary. The trustee had previously resolved not to add B as a beneficiary in her own right and had set out its reasons for not doing so in a detailed minute. However, the Royal Court found that despite the detailed and carefully considered minute, the decision ultimately reached by the

Investegate |CVC Credit Partners Announcements | CVC Credit Partners: Annual Financial Report

Investegate |CVC Credit Partners Announcements | CVC Credit Partners: Annual Financial Report
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Business News - January 2021 - Jersey, Guernsey, Offshore Isles

UK offshore report: Staying afloat

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