BVI and Nevis trusts case a 'dangerous game of double or quits' rules High Court judge

Mark Battersby
clock • 4 min read

The UK's High Court has denied a request to set aside an Employee Benefit Trust scheme on the grounds of mistake despite attempts by the offshore trustees to give 90% of the trust value to the National Society for the Prevention of Cruelty of Children (NSPCC) as the default beneficiary, explained in a briefing note by Rossmartin.  The ruling in the case of Bhaur & Ors v Equity First Trustees (Nevis) Ltd & Ors [2021] EWHC 2581 (CH), involved Mr and Mrs Bhaur who ran a property partnership which they incorporated with around 35 properties. Legal title to the properties was not transferred ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?