Enforcement against discretionary beneficiaries – A thing writ in water

Introduction The Royal Court of Jersey has held in the case of Kea Investments Limited v Watson [1] that it is not possible for a judgment creditor to obtain execution against the interest of a discretionary beneficiary under a Jersey trust. Although a beneficiary’s interest is a species of movable property, it is not transmissible…

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Parliament Votes For EU-wide Trust Transparency

The EU Parliament has voted to introduce a trust registry as part of recent amendments to the Fourth Anti-Money Laundering Directive. It is striking the amendments are included in legislation directed at tackling money laundering. Until recently, AML initiatives have been about compelling financial intermediaries to hold information about their clients – the well known…