Mistake Claims in Jersey Law - Breakfast Briefing, 8.30am Wednesday 2nd December 2009

The current financial climate means that any liability is being viewed sceptically.  Get out of jail free cards are therefore at a premium.  This briefing follows the recent developments in Jersey law of applications by individuals (settlors) to set aside transactions into trust (and the trust itself) which are the result of a mistake as to tax consequences.  This is of particular relevance to trustees and to trust companies as it focuses on the changes in the current law, considers the future of such applications and suggests the stance that trustees should take to any such application by an individual. 
 
In this BakerPlatt Breakfast Briefing, Emma Jordan will examine the following:

• What situations will the Jersey Royal Court set aside a transaction entered into by an individual by reason of a mistake.
• Whether the magical "morning after pill" of Hastings-Bass is available to individuals when the mistake is as to fiscal consequences of the transaction rather than effect.
• Whether, in setting aside a transaction, it is rendered void ab initio or voidable, and the consequences on third parties.  
• What stance the trustees should consider to any such application by an individual and what practical considerations should they have in mind in taking such a stance.

This breakfast briefing will take place on Wednesday 2nd December 2009, from 8.30am to 9.30am at The Royal Yacht Hotel, North Celestial Hall. Breakfast will be provided.
 
RSVP
Christian May, Business Development Manager
Telephone: +44 (1534) 766254
Email: christianmay@bakerplatt.com