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Specialism: Lawyers Contentious Trusts
Location: St Helier, Jersey
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Average client size: Over £25 million
Fixed fee offering: No
Number of offices globally: More than 5
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Recent cases include:
Luke Olivier, along with a team, represent the adult beneficiaries of two Jersey law governed trusts in connection with two applications issued before the Royal Court by a Swiss trustee. The first application seeks the court's directions as to the identity of the trustee; the identity of the protector; the validity of certain steps taken by the protector to remove the trustee and to effect a change of proper law of the trust, and the future administration of the trust. The second application seeks the court's directions as to the validity of the Trust, whether certain disclosures should be made to the revenue authorities of the beneficiaries' home jurisdiction, and the future administration of the trust generally. The Mourant Ozannes legal team also represent, in connection with the first application, one of the potential protectors and the purportedly appointed new trustees. In connection with the second application, we also act for one of the potential protectors and the settlor. Serious allegations of misconduct have been levelled by the adult beneficiaries against the trustee bringing both applications.
This is an extremely complex and high value cross-border matter. The combined asset value of the both trusts are in the region of €100 million. The Mourant Ozannes legal team represent the majority of convened parties before the court. Unusually for administrative proceedings, because of the allegations of serious misconduct on the part of a trustee, this matter involves extensive live evidence and cross-examination. The evidence, given over the course of nine days in the Royal Court, has recently concluded, with written closing submissions due to be filed shortly.