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Jonathan Bailey

Managing Director

Specialism: Trustees Corporate Trustees, Private Client Trustees

Company: Nerine Trust Company (BVI) Limited

Location: Tortola, British Virgin Islands

Citywealth rating

Average: 3 (2 votes)
Fee Level:
3
Average: 3 (2 votes)
Quality of Advice
3
Average: 3 (2 votes)
Communications Skills
3
Average: 3 (2 votes)
Interpersonal Skills
3
Average: 3 (2 votes)
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Peer review:

Having worked with Jonathan over a number of years, as counsel to Nerine and also as counsel to families using Nerine, I have always found him to be an exceptional fiduciary professional. He is intellectually sophisticated and understands complex and bespoke trust structures. Importantly, he is a team-player and a pleasant person to work beside. Clients like Jonathan and have confidence in him and the wider Nerine team.

07 Feb 2018

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2017 

Jonathan Bailey currently has no Citywealth award

Average client size: Over £25 million

Fixed fee offering: No

Nerine Trust Company (BVI) Limited

Number of offices globally: 1-5

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Peer review:

Having worked with Jonathan over a number of years, as counsel to Nerine and also as counsel to families using Nerine, I have always found him to be an exceptional fiduciary professional. He is intellectually sophisticated and understands complex and bespoke trust structures. Importantly, he is a team-player and a pleasant person to work beside. Clients like Jonathan and have confidence in him and the wider Nerine team.

07 Feb 2018

Start Ratings
Written Review
Your Details
If ticked your name and company will not be shown under your review of this person. However, entering your details is essential, as we will not publish any review we cannot verify. Please note you are not allowed to rate or review individuals who work for the same company as yourself.

Your personal data is used for internal purposes only and is never sold or shared. For any enquiries, please email assistant editor Marcela Kunova at mkunova@citywealthmag.com

Jonathan Bailey currently has no reviews

Establishing a BVI VISTA purpose trust

We have advised on the establishment of a BVI VISTA (Virgin Islands Special Trusts Act) Purpose Trust to hold the shares of three different private trust companies (PTC). The PTCs acted as trustees on three different trusts, two for family, one with business assets and the other with investments. The third trust holds investments for charitable purposes.

The reasons for the recommendation to use the BVI for this type of structure was down to the settlors' awareness of the BVI as a jurisdiction through their experience of BVI companies; the PTC legislation is very flexible and it does not require any capitalisation or a local director.  The use of a VISTA Purpose Trust to hold the shares gave the settlor the comfort of being able to use the Office of Director Rules in VISTA to determine the make-up of the board of directors in each PTC and therefore continue to have an influence and control throughout the duration of the structure.

We looked at other jurisdictions for this structure but the VISTA and PTC legislation together with the reputation and legal support in the BVI allowed the BVI to be the favoured choice.