Governance and the Guernsey Private Trustee

Professional Development

Overview

eCPD Seminar Series

This seminar forms part of the 2021 Trust & Corporate Services Providers eCPD Seminar Series – a series of 7 online CPD seminars, which take place throughout 2021.

The 2021 Trust & Corporate Services Providers eCPD Seminar Series provides essential updates for trust and corporate services professionals, delivered by industry recognised experts. This series will comprise 7 monthly online seminars of 60 minutes, inclusive of a 15-minute Q&A, covering a wide range of topics.

2021 Trust & Corporate Services Providers eCPD Seminar Series

The full series can be booked for the discounted cost of GBP 298.00.

View full series

1 CPD hours
1 hour
Guernsey

Seminar Content

Governance and the Private Trustee

The popularity of Channel Islands private trustee structures (whether Private Trust Companies ("PTCs") or Private Trustee Foundations("PTFs")) continued during 2020 – perhaps accelerated by the pandemic.

Angela Calnan, Group Partner in Collas Crill's International Private Client & Trust ("IPCT") Team will walk us through a recent practical example of a Guernsey PTC that she has established for a Saudi family with a Guernsey trustee and a recent practical example of a Guernsey PTF for a domestic Guernsey family, again, administered by a Guernsey trustee.

Angela will touch on:

  • The rationale for establishing the structures
  • The documentation required
  • Interesting governance aspects that arising in these live examples
  • When an exemption is required from the Commission and how and when to apply for it
  • The mechanics for getting the structures live in practice
  • The ongoing governance aspects
  •  

     

    speaker

     

    Angela Calnan

    Group Partner at Collas Crill LLP

    Angela heads our multi-award winning fiduciary practice in Guernsey (STEP Legal Team of the Year (midsize) 2015/16) and leads our Middle East Practice Group.

    She is regarded as the 'go to' lawyer in Guernsey for Middle East private client work and for foundations.

    She establishes, reorganises and terminates offshore dynastic structures (i.e. structures involving a combination of trusts, foundations and companies).

    "People say; find a job that you love and you'll never work a day in your life. That's true for me - I really love what I do and the people around me share in that passion."

    Having lived and worked in the UAE for a number of years, those structures are often (but not exclusively) for Middle Eastern families and commonly involve a family business and UK/UAE residential real estate. Angela's work involves ensuring that the family business stays intact and that wealth transmits effectively to the first and second generations. This can often be complicated by family members being spread across the globe necessitating Angela's collaboration with specialist tax lawyers and accountants to ensure that the structuring is tax efficient and tax compliant.

    Angela also advises Guernsey trustees on their duties and on matters of risk when taking on, administering and exiting trust and foundation structures. As an experienced former private client litigator with Penningtons Manches LLP, Angela has a particular interest in avoiding and resolving trust disputes in conjunction with her dispute resolution team in Guernsey.

     

     

     

    suitable for

    Who is this seminar for

    This seminar will be suitable for financial services professionals working within trust and corporate services.

    study mode

    Online Classroom Live

    This seminar is being delivered through Online Classroom Live. Our premium online study mode comprises a virtual classroom with interactive features to replicate a real-life classroom.