Changing Places - Trustee Transfers Under Guernsey and Jersey Law

One of the impacts that we are seeing at this stage of our emergence from the Global Pandemic is a notable increase in enquiries regarding potential changes of trustee – this trend appears to be driven by three key factors: M&A activity involving regulated financial services providers; trustees taking a different view on risk appetite during times of market disruption and volatility; and clients seeking new support because of changing requirements or service levels.

This piece explores issues to be considered when changing trustee, including who has the authority and power to make such a change, indemnities and liens for former trustees.

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GUERNSEY
Rajah AbusrewilGroup Partner*T +44 (0) 1481 748 945rajah.abusrewil@walkersglobal.com

JERSEY
Sevyn KalsiPartnerT +44 (0) 1534 700 775sevyn.kalsi@walkersglobal.com
Daniel ReadPartnerT +44 (0) 1534 700 764daniel.read@walkersglobal.com
Julia KeppeGroup Partner*T +44 (0) 1534 700 728julia.keppe@walkersglobal.com

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