Update
Guernsey Court of Appeal upholds finding of no gross negligence by Former Trustees of Tchenguiz Trust
14 August 2015
On 10 August 2015, the Guernsey Court of Appeal delivered its final judgment in the long-running litigation in Investec Trust (Guernsey) Limited & Anor v Glenalla Properties Limited (In liquidation) & Ors. Mourant Ozannes acted for the Plaintiffs, ITG Limited (formerly Investec Trust (Guernsey) Limited) (ITGL) and Bayeux Trustees Limited, who were the former trustees of the Tchenguiz Discretionary Trust (TDT) (the Former Trustees).
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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.
