Conyers Dill & Pearman
showcased its newly launched Trust & Private Client practices in the Cayman
Islands and British Virgin Islands at its second annual Trusts & Trust
Litigation Forum, held at the Coq d’Argent in London.
Chaired by London Head of Trust
& Private Client, the forum featured David Pytches, representing the Cayman
Islands, and Raymond Davern, head of the practice in the BVI.
Addressing a large audience drawn
from London’s private wealth industry including contentious and non-contentious
lawyers, bankers and other financial advisers, accountants, family office
advisers and professional and institutional trustees, the panel examined
current issues trustees face in each of the jurisdictions as well in Bermuda,
where Conyers has long had a market-leading Trust & Private Client
Topics ranged from the effects the
current political situation in both the UK and EU may have on offshore
jurisdictions, the impact of the many tax information exchange agreements
signed by the offshore jurisdictions on offshore wealth management, a review of
VISTA trusts and how these have been used in practice, and the recent abolition
in Bermuda of the rule against perpetuities.
With trust litigators from Bermuda,
the British Virgin Islands and Cayman Islands, the panel also looked at
substantial trust litigation over the past year where Conyers has been involved
either in acting for trustees, protectors and beneficiaries.
Alec Anderson, global head of Trust
& Private Client, commented: “Increasingly, leaders in the private client
planning sphere are concerned about options for wealth protection and this
event provides a forum where issues arising in the major jurisdictions can be
examined. We are happy to provide an interactive forum to exchange ideas and
discuss practical issues arising in the international trust and private client
Conyers has grown its Trust &
Private Client group 40 per cent over the last year and now has dedicated teams
across three jurisdictions. The firm launched the Trust & Private Client
practice in BVI in April 2010. Its head Raymond Davern has more than 10 years’
experience of Chancery litigation and advisory work and another 10 years as
Lecturer in Law at King’s College in London. The firm’s Trust & Private
Client practice in Cayman was launched in September 2009 and is headed by Sara
Collins, previously managing partner of Maitland Cayman office and head of
Walkers’ Trusts Disputes Group.