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Specialism: Lawyers Contentious Trusts
Company: Dickinson Gleeson
Location: St Helier, Jersey
What do clients and peers say of James Gleeson: "Leading the way for others to follow. Impressive and notable career, handling clients in the public eye."
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Average client size: Over £25 million
Fixed fee offering: Yes
Number of offices globally: 1-5
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Insolvent trusts: administration proceedings in the famous Z Trusts cases
James Gleeson acts on behalf of a Swiss-based Trustee of a Jersey Trust, GTC, in relation to administration proceedings that are shaping the Jersey law on dealing with insolvent trusts and the competing rights of creditors (the famous Z Trusts cases). It has been the subject of ground-breaking decisions by the Jersey court and Court of Appeal: most recently, Re Z Trusts  JCA 106. The latter judgment, regarding the question of priority of creditors is the subject of an on-going appeal to the Privy Council. Earlier in 2020, James secured Court blessing of a substantial settlement of a claim against the former trustees of one of the Z Trusts arising from the appointment of very significant funds out of the Trust Fund to a non-beneficiary under an Investment Management relationship. These sums were then lost by the Investment Manager. The case raised complex and novel issues of causation, including the appropriate counterfactual exercise in a family discretionary Trust whose portfolio has been heavily weighted to the commercial real estate sector.