News & Insight

Keep up to date with the latest news in the finance sector and take insight into Trust Corporation International.

Run Off Trusts

The use of trusts in the context of investment fund liquidations is on the up. Advocate Andrew Walters, a Director of Trust Corporation International, explains the merits of the trust as a means of facilitating dissolutions where circumstances prevent a straightforward realisation and distribution exercise. When a collective investment scheme nears the end of its […]

Anti-Bartlett clauses – some clarity at last?

It is a well-established principle of trust law that (in the absence of contrary provision) a trustee has the same duty to safeguard a trust-owned company as it would any other asset, notwithstanding that the trustee may not possess the requisite skills to contribute to the management of that company. The result can be a […]

COVID-19: The Ultimate Lesson in Fiduciary Responsibility

The rapidly developing Coronavirus pandemic has, in pretty short order, forced trustees and other fiduciaries to make significant changes to the ways in which they operate. Any pre-conceived notion that a one-size-fits-all approach suits fiduciary practice has been blown out of the water. Exceptional market volatility, the rapidly changing employment landscape and a greatly reduced […]

Covid-19 update

As the situation with Covid-19 continues to develop both locally and globally, we are committed to adhering to the advice provided by our local government and international authorities as it evolves. The health and safety of our team remains paramount and the majority of our employees are now working from home.  Our robust business continuity […]

Trust Corporation International grows with two new appointments

Leading independent Guernsey-based trust company Trust Corporation International has appointed two new trust officers, Steph Welbourne and Jane Guariento. In their new roles, Miss Welbourne and Mrs Guariento will focus on the assistance of managers and directors with complex administration duties, ensuring that clients’ needs are met and supporting other trust officers with intricate transactional […]

Trust Corporation International hits the road with GVS

Members of the Trust Corporation International team are putting their pens down in aid of the Guernsey Voluntary Service (GVS). Team members are helping the charity by assisting GVS staff in serving hot lunches to residents of the Russell Day Centre throughout 2020. The time volunteered will amount to more than 200 hours and it […]

Economic Substance – Update

You will have seen our earlier briefing entitled “Economic Substance Explained – Guernsey’s position”. That briefing provided an overview of Guernsey’s Economic Substance Regime and should be read in conjunction with this update. Since providing this original briefing, updated guidance notes in relation to economic substance requirements have been issued on 22 November by Guernsey, […]

New oven on Lihou Island just in time for Christmas

Those staying in the cottage on Lihou Island over the Christmas period will be able to enjoy a full Christmas lunch with all the trimmings, thanks to the donation of a new oven from Trust Corporation International. The leading independent Guernsey-based trust company made the donation after a staff request to support the Lihou Charitable […]

Two appointments for further growth at Trust Corporation International

We are delighted to have recently made two new appointments in our client administration team. Emile Thompson joins in the role of Trust Officer and Tim Paluch as a Client Accountant. Emile joins us after spending three years at Intertrust where he worked as a Corporate Administrator. Prior to this, Emile worked in the Guernsey […]

Guernsey Private Trust Companies – Recent Enhancements

Guernsey has long been favoured as a jurisdiction of choice for the establishment and operation of Private Trust Companies (PTCs) and family office structures. With effect from June 2019, the Guernsey Financial Services Commission (GFSC) has made certain enhancements to the existing PTC exemption regime through the publication of an updated guidance document. Whilst still […]

Trust Corporation International a finalist for global award

Leading Guernsey-based independent trust company Trust Corporation International has been named as a finalist for the Society of Trust and Estate Practitioners (STEP) Private Client Awards 2019. Trust Corporation International is one of five finalists in the Trust Company of the Year (midsize firm) category. The STEP Private Client Awards recognise and celebrate excellence in the private […]

Meet Lydia Essa, director at Trust Corporation International

Meet Lydia Essa, director at Trust Corporation International                       

Trust Corporation legal officer named on top 35 under 35 list

Catja Carrell, legal officer at Trust Corporation International, has been named on the annual ‘Channel Islands Top 35 Under 35’ list of private wealth practitioners. The list, published by eprivateclient – the online private wealth publication, looks to identify, recognise and promote local talent across the private wealth sector and those individuals nominated and named […]

Economic Substance – Explained – Guernsey’s position

The first guidance notes on the Economic Substance Requirements within Guernsey, Jersey and Isle of Man have now been issued and provide further clarity in some areas across the three Crown Dependencies and can be found at https://www.gov.gg/CHttpHandler.ashx?id=118851&p=0.  There remains however several other aspects which still require greater clarification and further guidance is anticipated in due […]

Inherited Wealth: What, and when, do I tell the Kids!

Many people would no doubt regard being super wealthy as a rather nice sort of problem to have. But, as Guernsey-based Trust Corporation International founder and executive chairman Michael Betley, pictured, explains here, the super wealthy actually do have some challenges resulting from this wealth that genuinely are no laughing matter. And one of them […]