Saffery Champness Registered Fiduciaries and its advisers have secured approval from the Grand Court of the Cayman Islands for a “momentous decision” concerning the liquidation of a complex and high value trust.
Saffery Champness managed and administered a dynastic wealth structure established to manage certain assets and business affairs of the late patriarch of a Middle Eastern family (the Settlor).
The Trustee made an application to the Grand Court in accordance with the established Public Trustee vs. Cooper procedure concerning its decision to make distributions under Shari’a Law to the Settlor’s na...