- Exploring the applicability of the Saunders v Vautier rule in the Channel Islands (Rusnano Capital AG (in liquidation) v Molard International (PTC) Limited and Pullborough International Corp)
- What are the practical implications of this decision?
- What was the background?
- What did the court decide?
Private Client analysis: Rupert Morris, partner and Guernsey advocate at Walkers, considers the practical implications of the Royal Court of Guernsey’s decision in Rusnano Capital AG (in liquidation) v Molard International (PTC) Limited and Pullborough International. In this case, Guernsey’s statutory Saunders v Vautier regime was used successfully to terminate a trust at the instance of a sole named beneficiary, notwithstanding the existence in the trust deed of an unexercised power to add beneficiaries.
Sign in or take a trial to read the full analysis.
To continue reading this news article, as well as thousands of others like it, sign in to LexisPSL or register for a free trial