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 ...

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