#SerleShare - Cayman clarifies trust law on “firewall” legislation and scope of jurisdiction clauses
In this International and Offshore SerleShare, Dakis Hagen QC considers the Cayman Islands judgment in Geneva Trust Company (GTC) SA v IDF & Anr (Re Stingray Trust) (judgment 21/12/20) where the validity of a Cayman trust was being challenged by its settlor (acting through a guardian) in separate Italian proceedings.
Though the Geneva Trust case arose in a specific Cayman context, the similarity of its legislation to that in other offshore jurisdictions and the more general application of the findings on forum of administration clauses make it an important decision for trust litigators practicing in the international sphere.
To read the SerleShare please click here.
The LinkedIn Post can be viewed here