The duties of directors and trustees have been under the spotlight recently, with both the Privy Council and Supreme Court having weighed in on the subject. This panel will compare and contrast these fiduciary roles post Z Trust and Sequana with an emphasis on the practical considerations arising.
- Collas Crill recently acted for the successful lead appellant before the Privy Council in Halabi (Appellant) v Equity Trust (Jersey) Ltd (Respondent) in re the ZII Trusts 2022 UKPC 36, in a case that will undoubtedly have a far-reaching and long-lasting impact on the Jersey trust industry, and likely on offshore trusts generally.
Collas Crill's team was led by Partners Damian James and Simon. Along with leading counsel Shân Warnock-Smith KC and Clare Stanley KC, Collas Crill represented Mr Simon Halabi, a creditor of the trustee of the ZII Trust, in proceedings initially instituted by a former trustee seeking to recover an alleged debt.
Click here to read more.
- On 5 October 2022, the Supreme Court handed down their landmark judgment in the long-running case of BTI v Sequana. It was said to be "a momentous decision for company law" (in the words of Lady Arden who gave one of the leading judgments) that addresses fundamental questions and provides welcome guidance for directors of companies. The decision also confirms Guernsey's role at the forefront of legal developments in this field.
Click here to read more from Gareth Bell, David O'Hanlon and Laura Smith from the Guernsey Dispute Resolution team about the significance of this landmark judgment.
About INSOL International
INSOL International is a world-wide federation of national associations of accountants and lawyers who specialise in turnaround and insolvency. The Channel Islands event brings together offshore experts in the field of insolvency and restructuring with a programme that covers the impact of recent landmark judgments from around the globe.
For more information on the Channel Islands Seminar and to register click here.