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THE MATTER OF THE 1964 E SETTLEMENT AND IN THE MATTER OF THE REPRESENTATION OF U LIMITED AND V LIMITED ("THE TRUSTEES")
On 25 th June, 2020, we granted the application of the Representor, in part. We now give our reasons for so doing.
(a) The Court's approval, under Article 51 of the Trusts (Jersey) Law 1984 , as amended ("the Law") in respect of a reorganisation of the corporate structure underlying the Trust;
(b) An order granting the Trustees a power to self-deal under the provisions of Section 57 of the Trustee Act 1925, legislation of the United Kingdom.
The adult principal beneficiaries were all convened to the Trustees' application both on their own behalves and, where applicable, on behalf of their respective minor and unborn children and remoter issue. They have each written to the Trustees confirming that they have received the relevant documentation and support the Trustees' application, both in respect of their own interest and, where appropriate, those whom they have been appointed to represent. None of them attended the hearing of the Representation.
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