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Privy Council; (Equity Trust (Jersey) v Halab and ITG v Fort Trustees (Guernsey)

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No ranking between trustees

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The Judicial Committee of the UK Privy Council (the Privy Council) has ruled four to three in Equity Trust (Jersey) v Halab and ITG v Fort Trustees (Guernsey that there is no chronological priority for trustees where there is insolvency. Rather the approach taken is one of pari passu: that is, trust assets should be … Continue reading →

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