James Gleeson (assisted by Julia Smirnova and Andrew Venables) acts for the Protector of three related Jersey-law discretionary trusts in a multifaceted family-business dispute, involving a household name business. The dispute is currently focused on Art 51 TJL proceedings being brought in Jersey by the Trustees in respect of a blessing application, which concerns the main family asset, a UK Listed PLC and related companies. The firm’s advice addresses a range of issues, including confidentiality and disclosure of documents to the Protector in the context of his power to consent to certain decisions of the Trustee, and more recently in relation to a potential asset allocation of the Trust fund as between its two principal beneficiaries in the context of a momentous decision leading to the splitting of the Trust interests. There have been numerous hearings on the matter, and a number of other Jersey and English law firms are involved.
