Caution cuts both ways when blessing momentous decisions of trustees
08 March 2019
The judgment In the matter of the A Trust, which was delivered by the Grand Court of the Cayman Islands (Kawaley J) on 17 January 2019, has reaffirmed the principles which apply when the court is asked to bless a decision of trustees that is considered to be momentous, whilst sending a timely reminder that the court has a supervisory jurisdiction that needs to be exercised appropriately.
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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
