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Clarification on scope and meaning of Cayman firewall legislation and forum for administration clauses


forum non conveniens applied.
Forum for administration clause
Kawaley J agreed that the nature or legal character of the dispute is relevant (applying the decision of
Crociani v Crociani
(7)) in deciding whether a jurisdiction clause in a trust deed applies:
The question of whether a forum for administration clause, irrespective of whether it is expressed to be exclusive or not, confers exclusive jurisdiction on the relevant court is an arid debate if the context in which the question arises is not taken into account.
The court found that, on the facts of the present case, the trustee would not be entitled to rely on the forum clause given that the claim in question was not brought by someone claiming under the trust, but rather as someone challenging its validity. ....

Cayman Islands , Crocianiv Crociani , Justice Kawaley , Cayman Court , Butterfield International Cayman , Geneva Trust Company , Merrill Lynch Bankv Demirel , Cayman Islands Trust , International Trustee Limitedv Tan Poh Lee , Re Stingray , Citation Of Acts Parliament Law , Grand Court , Trusts Act , Trusts Foreign Element , Cayman Islands Trusts Act , Stingray Trust , Tan Poh Lee , Cayman Islands Trusts , Deborah Barker Royeor Rachael Reynoldsat Ogier , Trusts Law , Parliament Law , Grupo Torras , Butterfield International , Merrill Lynch Bank , Trustee Limited , Law Firms ,

Clarification on scope and meaning of Cayman firewall legislation and forum for administration clauses


forum non conveniens applied.
Forum for administration clause
Kawaley J agreed that the nature or legal character of the dispute is relevant (applying the decision of
Crociani v Crociani
(7)) in deciding whether a jurisdiction clause in a trust deed applies:
The question of whether a forum for administration clause, irrespective of whether it is expressed to be exclusive or not, confers exclusive jurisdiction on the relevant court is an arid debate if the context in which the question arises is not taken into account.
The court found that, on the facts of the present case, the trustee would not be entitled to rely on the forum clause given that the claim in question was not brought by someone claiming under the trust, but rather as someone challenging its validity. ....

Cayman Islands , Crocianiv Crociani , Justice Kawaley , Deborah Barker Roye , Cayman Court , Butterfield International Cayman , Geneva Trust Company , Merrill Lynch Bankv Demirel , Cayman Islands Trust , International Trustee Limitedv Tan Poh Lee , Re Stingray , Citation Of Acts Parliament Law , Grand Court , Trusts Act , Trusts Foreign Element , Cayman Islands Trusts Act , Stingray Trust , Tan Poh Lee , Cayman Islands Trusts , Rachael Reynoldsat Ogier , Trusts Law , Parliament Law , Grupo Torras , Butterfield International , Merrill Lynch Bank , Trustee Limited ,