Welcome to the latest edition of the Private Client and Trust Bulletin for the summer of 2023. This bulletin plays an important role in updating legal professionals on global perspectives in trust and private client sectors. This period gives us the opportunity to share significant legal updates from Bermuda court trust proceedings, developments from our colleagues in the Cayman Islands and the British Virgin Islands, along with critical insights from our colleagues in Asia.
A key highlight from this quarter is the publication of the judgment of Hargun CJ in The Matter of the P Trusts. This case primarily revolved around the validity of a settlement agreement. This case ruling is expected to have potential implications for the rules and principles governing the world of trust law.
-
Bermuda court trust proceedings: The Matter of the P Trusts provides essential insights into the intersection of trust validity and settlement agreements. This case will likely be a reference for future trust proceedings, not only in Bermuda but potentially in other jurisdictions where similar principles apply.
-
Updates from the Cayman Islands and British Virgin Islands: Our colleagues from these regions have been vigilantly keeping track of developments in trust and private client law. They regularly share comprehensive updates to ensure the global legal community stays informed.
-
Updates from Asia: In a bid to provide a more global perspective, insights and updates from our colleagues operating in various Asian jurisdictions are shared. This includes critical legal developments and changes in the private client and trust space.
Stay tuned for the forthcoming quarterly bulletins which will continue to provide cutting-edge updates for legal professionals operating in the trust and private client sectors globally.