Sentences with phrase «sham trusts»
However, the judgment also contains a useful reminder of the law concerning sham trusts and appropriate considerations for trustees to take into account when exercising discretionary powers.
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Stephen Smith is renowned for his work in civil fraud litigation (typically claims for breach of fiduciary duty, deceit and misrepresentation), especially in connection with freezing injunctions, asset tracing, disclosure orders, jurisdictional and forum disputes, sham trusts and committals to prison for contempt of court.
Such disputes will involve issues as to the validity of the trust structure, busting - the trust, sham trusts, tracing into and out of trusts, as well as matters of jurisdiction and choice of law eg BNP Jersey v Crociani (breach of Jersey trust).
Recent cases include: Axiom Litigation Financing Fund (acting for the «receiver / liquidator» of a Caymans Islands fund: # 110m dispute); Frauntled Management Limited v Featherwood ($ 13m investment dispute before the BVI Court of Appeal); BBX Capital Asset Management v Royal Bank of Canada & Ors ($ 30m Cayman dispute relating to transaction to defraud creditors / sham trusts); Trinity Management Group Ltd v Burke Consolidated Ltd (s. 184I / s.175 BVI dispute); Maruti Holdings PTE Limited v Sinclair Strategies Limited (BVI jurisdictional challenge); QVT Fund & Ors v China Zenix Auto International Limited (s. 184I and s184C BVI dispute: interim injunction) In addition, the international nature of commercial fraud often results in Paul advising in relation to proceedings before off - shore courts such as in VTB v Nutritek (advised on interim relief in Cayman Islands and maintenance of BVI injunction in light of UK Supreme Court decisions) and in other off - shore jurisdictions such as Jersey, Guernsey and Nevis.
Not exact matches
Trust me, the IRS now, any corporate they go to sham partnerships with as tax shelters, they basically just have to write a check.
Until Muslims and non-Muslims are free to criticize and correct the koran, Islam will remain a sham religion and no male Muslim can be trusted.
The education union has launched an advertising blitz warning voters not to trust Opposition Leader Tony Abbott's «sham» promise to match Labor when it comes to schools funding.