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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)

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)
Published on: 15 April 2019
Published by: LexisPSL
  • 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?

Article summary

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. or take a trial to read the full analysis.

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