09 December 2020
Trustee problems and solutions - a jurisdictional comparison
The role of trustee, while undoubtedly interesting and rewarding, can also be a hugely onerous one in that it attracts a range of risks and gives rise to problems that cannot always be easily managed or resolved.
These problems can increase in their scope and complexity for trustees who hold a mandate to manage structures with multiple layers of entities and assets located around the world.
Finding a solution to the more knotty trust problems can be an arduous and costly task, and require different steps – and the use of different processes or procedures – across different jurisdictions.
Please download our guide, prepared in collaboration with Jonathan Arr and Alexandra Edwards of Macfarlanes, in which we compare examples of just some of the types of problems encountered by trustees and potential solutions available in the Cayman Islands, with those that commonly arise in England and Wales.