The trusts industry in Jersey is known for offering a sophisticated product and a high level of service to a worldwide body of clients, based around the Trusts (Jersey) Law 1984.
The government keeps this framework law under review to ensure that it continues to support the needs of those establishing Jersey law trusts together with their beneficiaries and trustees.This consultation considers certain proposals for amendments to the law, arising out of various recent court decisions.
Subject to the responses to this consultation, the Government of Jersey intends to bring forward legislation on the amendments for adoption during the course of 2024.
There are five areas for consultation:
- Confirmation of the priority of claims between a former and current trustee and a secured lender given the recent case on ‘insolvent trusts’ (Re Z)
- The ability of beneficiaries to call for the termination or variation of a trust pursuant to either Article 43 of the TJL84 and/or the rule in Saunders v Vautier
- Clarifying the position where a sole trustee purports to resign
- Minor corrections in relation to Articles 24, 43, and 55
- The concept of a ‘data trust'
The questions are set out by area. You may respond in relation only to particular questions if you wish.
Download the Consultation Paper: Amendments to the Trusts (Jersey) Law 1984
Data protection
The information you provide will be processed in compliance with the Data Protection (Jersey) Law 2018. For more information, see the Department for the Economy privacy notices and retention schedule on gov.je
Under the Freedom of Information (Jersey) Law 2011, information submitted to this consultation may be released if a Freedom of Information (FOI) request requires it, but no personal data may be released