Newsflash

Disputes are an inevitable part of commercial and professional life. The question is rarely whether they occur, but how they are managed, and more importantly, solved. Alternative Dispute Resolution (ADR) provides methods to solve disputes without resorting to formal Court proceedings. ADR helps parties resolve disputes efficiently, cost effectively, reduce disruption and, where possible, preserve important relationships. The Courts are increasingly directing parties to attem

What the GFSC's new guidance means for you. The Guernsey Financial Services Commission published new guidance this month on tokenised investments and real-world assets, alongside its Feedback Paper responding to the Consultation on Supporting Growth with Digital Finance. If you're looking at Guernsey structures for digital assets, gold, real estate, or securities, this is the guidance to know. The headline is reassuring. The Commission isn't creating a new regime. It's applyi

In the recent re X Trusts case [civil no. 2632 22.05.26] the Royal Court in Guernsey considered an unusual request to bless a momentous decision by the Protector to replace a Guernsey trustee with a UK trustee, thereby 'onshoring' the trust. This despite the fact that such a change would result in significant tax and other liabilies for the trust assets. Indeed, the Court noted that by 2134, assuming the continuation of the modest distribution policy and the size of the fund

Last week, the Judicial Committee of the Privy Council gave a hugely significant judgment which has finally settled a long running debate about the extent of the powers of the Protector of a trust.