Zedra, a global specialist in global corporate services, active wealth and fund solutions, has acquired BNP Paribas Jersey Trust Corporation, subject to subject.
Zedra acquires BNP Paribas Jersey Trust in second transaction between the companies funds-europe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from funds-europe.com Daily Mail and Mail on Sunday newspapers.
Battle: Princess Camilla Crociani de Bourbon des Deux Siciles
Giant French bank BNP Paribas has been locked in a hugely complex inheritance dispute with an Italian business dynasty for over a decade.
Now Princess Camilla Crociani de Bourbon des Deux Siciles – the daughter of industrialist Camillo Crociani – hopes to end the dispute over a €250million (£222million) trust fund with a new round of legal showdowns in the UK and Jersey.
She claims BNP Paribas mismanaged the family s Jersey-based trust fund and is pursuing lawsuits to make the bank restore £135million to the trust and claim at least £60million in damages.