The week on eprivateclient: Intertrust, Oak Group, Saffery Champness, and more...

News Team, 21/08/2020


Saffery Champness Registered Fiduciaries promoted Philip Radford and Paul Tucknott to board directors. They join the board of Saffery Champness Holdings Limited, which has strategic responsibility for the firm’s offshore business headquartered in Guernsey and with offices in Geneva and Dubai.

The top ten highest paid male actors earnt $545.5 million in the past year, according to Forbes magazine. Streaming service Netflix paid out over 25 percent of this sum, shelling out $140.5 million to six of the top ten. For the second year in a row, the highest paying actor was Dwayne ‘The Rock’ Johnson. He took home an estimated $87.5 million


Fiduciary services providers PraxisIFM Group and Oak Group announced that negotiations are underway to combine their global businesses. Heads of Terms have been entered into. The combined group, whose name has yet to be announced, would have offices in 17 jurisdictions and a headcount of more than 700 people. 

Global offshore law firm Carey Olsen launched a new corporate service provider business - Carey Olsen Services Bermuda Limited - a member of the Carey Olsen Bermuda group of companies. It specialises in a range of corporate administration and compliance services.


Geoff Kertesz is set to join UK law firm Stewarts as a partner from BDB Pitmans. Mr Kertesz joins James Price, who established the trust and probate litigation department at Stewarts in September 2016. Mr Kertesz is well known in the market for acting in trust and probate disputes, both domestic and international. 

Jo Gorrod, client services director, Oak Group Jersey, examined hte value of values and the role of offshore financial centres.


Global fiduciary services provider Intertrust Group formed a new global offshore law firm, Intertrust Law, managed from the Cayman Islands. Intertrust Law will provide Cayman Islands legal advice covering the practice areas of investment funds, corporate and fund finance, structured finance, litigation and private clients with business development teams based globally.

When someone dies, the difficult process by which financial institutions allow the deceased person’s funds to be released has long been cause for complaint. Matthew Peto, senior associate, Stevens & Bolton, examined whether releasing funds before a Grant of Probate is a help or a hindrence.


The UK’s Supreme Court handed down its judgment on HMRC v Parry & Ors, also known as HMRC v Staveley, which has rumbled on for six years. The decision concerned the actions of terminally ill woman Ms Staveley, who in 2014 transferred some of her pension that had been set up with her ex-husband into a different pension pot just for her children. Ms Staveley died just weeks later.

Tom Elliott, partner and head of London private clients, Crowe, discussed estate planning and how to take advantage of lower asset values.

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