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United Kingdom

Offshore trusts and private client case tracker: Guernsey, Isle of Man, Jersey, Bermuda, Cayman, Bahamas and BVI decisions on trustees’ powers, protectors, variations, mistake, tax measures and conflicts of laws.

Practice notes
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These are compilations of cases, arranged by jurisdiction, addressing issues such as offshore trusts, offshore tax evasion, double taxation agreements, conflicts of laws in Private Client contexts and tax rules on residence status...

Guernsey

Case name and citation

Pilatus (PTC) Limited v RBC Trustees Limited [2025] GCA091

Summary

The Guernsey Court of Appeal upheld an appeal against a former trustee, confirming that a trustee’s responsibilities are not confined to keeping a chose in action intact (in this instance, a trust-held option to reacquire SOIL, exercisable until February 2017). They also encompass prudent action to protect its value, including forestalling foreseeable harm to related non-trust assets where the trustee can practically intervene. In October 2015 the trustee resigned, as part of coordinated departures, without arranging successor directors for PIL and PFHL, allegedly enabling the other shareholder to assume control and erode the option’s worth when exercised in 2017. Treating the option as trust property under the Trusts (Guernsey) Law 2007, and drawing on Elder’s Trustees v Higgins and Bartlett v Barclays Bank Trust, the court agreed that the resignation amounted to gross negligence...

Further coverage (where available)

Appeal status (where applicable)

Appeal allowed...

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Web page updated on 02/06/2026

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