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Trust and Estates Law & Tax Journal Article – When can an offshore court act as an auxillary court? | Conyers - Vimarsana News

Trust and Estates Law & Tax Journal Article – When can an offshore court act as an auxillary court? | Conyers

Offshore: What is appropriate? Robert Lindley and Wesley O’Brien discuss cases where offshore family courts act as auxiliaries to those onshore - Generally, for a foreign...

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

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 ...

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

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 ...

Stingray Trust: Determining The Scope Of Cayman Firewall And Forum Provisions - Corporate/Commercial Law - Vimarsana News

Stingray Trust: Determining The Scope Of Cayman Firewall And Forum Provisions - Corporate/Commercial Law

Summary Geneva Trust Company v IDF and MF or Re Stingray Trust Judgment) is the latest in a line of decisions of the Cayman Islands courts considering the meaning and scope of the Cayman firewall provisions. The Grand Court has now provided important clarification about the effect of Section 90 of the Trusts Act 2020 2 - that it does not operate to bestow exclusive jurisdiction on the Cayman Islands courts (as previous cases have suggested) and that common law principles of forum non conveniens still have relevance and application in the context of disputes concerning Cayman Islands trusts....

Source: mondaq.com
Firewall And Forum - Corporate/Commercial Law - Vimarsana News

Firewall And Forum - Corporate/Commercial Law

Summary Geneva Trust Company v IDF and MF or Re Stingray Trust Judgment) is the latest in a line of decisions of the Cayman Islands courts considering the meaning and scope of the Cayman firewall provisions. The Grand Court has now provided important clarification about the effect of Section 90 of the Trusts Act 2020 2 -  that it does not operate to bestow exclusive jurisdiction on the Cayman Islands courts (as previous cases have suggested) and that common law principles of forum non conveniens still have relevance and application in the context of disputes concerning Cayman Islands trusts...

Source: mondaq.com