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A judgment, eagerly awaited by Jersey and Guernsey trustees, has been delivered by the Privy Council (on appeal from the Guernsey Court of Appeal) in a matter involving the Tchenguiz family trusts. Of most interest to trustees and their contractual counterparties are the findings related to the application and meaning of Article 32(1) of the Trusts (Jersey) Law 1984) (''TJL''), which can protect the personal assets of Jersey law trustees by limiting a counterparty's recourse if the counterparty is aware that it is dealing with a trustee.
Bedell Cristin has advised MayAir Group plc on all Jersey law matters (corporate and litigation) in relation to the £50,000,000 acquisition of MayAir Group plc by Poly Glorious Investment Company Limited.
On 5 April, the Jersey Financial Services Commission ("JFSC") and the States of Jersey released a joint consultation paper (the "Consultation Paper") to provide a regulatory framework for the advice given when benefits are transferred out from defined benefit pension schemes ("DB Schemes").
Addleshaw Goddard, together with Bedell Cristin, advise UPP Group (UPP) in connection with its conversion to a UK Real Estate Investment Trust (REIT) listed on The International Stock Exchange (TISE).