The last few years have seen considerable growth in the offshore private client and banking world. Private wealth and asset management and the financial services sector that has developed in parallel has generated demand for international trust services in a number of tax havens.
This growth, in turn, has led to major international trust litigation, involving professional trustees and the exercise of their duties, beneficiaries both actual and discretionary and third parties who receive, knowingly or otherwise, assets that are the subject of international trust claims.
Our lawyers have been involved in a number of major international cases involving claims of breach of trust on the one hand and the setting aside of sham trusts on the other. Litigation in this area is complex, inevitably international and requires specialist expertise. It is a central area of our practice.