No scooping the pot: Z Trusts and the order of priority of creditors of an insolvent Jersey trust
06 July 2018
On 3 July 2018, the Royal Court handed down its much anticipated judgment in the latest instalment of the Z Trusts case on the question of the order of priority of creditors of an insolvent Jersey trust. Justin Harvey-Hills (Partner, Jersey), Luke Olivier (Counsel, Jersey) and Bethan Watts (Associate, Jersey), who act for a major creditor, successfully argued that such creditors should rank pari passu.
You can view the judgement here.
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Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
