The Royal Court of Jersey has made a multi-million fraud judgment against a trustee found to have misappropriated trust assets. Ogier, which succeeded for UK administrators in securing the ruling, set out a detailed briefing note on the judgment in Cohen & Kerr as Joint Administrators of the Estate of James Donald Hanson v Arbitrage Research and Trading S.A. & Ors, where the Royal Court made findings of fraud against the former trustee of a Jersey trust. The Royal Court also revisited the test for determining whether a trust is a sham and also considered, for the first time, when it m...
To continue reading this article...
Join International Investment
Signup and gain exclusive members-only insights
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
