Trust administrators will be able to find out more about the role, responsibilities and, importantly, limits on the role of protector at a free breakfast seminar hosted by AO Hall this Wednesday.
The seminar will look at a leading recent local court case and the lessons that can be learnt from it.
A protector is a person appointed under the terms of the trust instrument to direct or restrain the trustees in relation to their administration of the trust.
"Protectors are commonly found in Guernsey trusts, but until recently, there has been little local guidance on their role and responsibilities. The Royal Court decision in In re K Trust, earlier this year, changes all that, as it concerned a case where a protector was removed from office by the court, something the court acknowledged it would not do lightly," said AO Hall Group Partner, Paul Buckle.
"AO Hall hopes this session will provide invaluable, practical advice and would encourage anyone who is involved in the administration of trusts and comes across protectors in practice to come along."
The matters to be discussed include when it can be said that the relationship between the protector and the beneficiaries truly has broken down, and the protector’s rights to payment and to information. The seminar will feature a presentation on K Trust followed by an interactive session based around a fictitious scenario, in which delegates will have the chance to consider and discuss aspects of trust practice where protectors are involved.
Andrew Holden of London Chambers, XXIV Old Buildings, will join Paul Buckle to present the seminar. Holden has written a text book on protectors and also advised the successful party in the K Trust case.
The conference takes place on Wednesday 23 September at the Dorey Room, St James, from 7.45 to 10am. Places, which are free, can be booked through Eventbrite.