Sunday, June 5, 2011

Welcome to The Jungle

Collas Crill (who?) - a small 15-partner Guernsey law firm is about to open an office in Singapore. (yawn!) http://www.law.com/jsp/tal/PubArticleAL.jsp?id=1202495434828&Channel_Islands_Firm_to_Launch_in_Singapore&slreturn=1&hbxlogin=1

Now I would think with the opening of the listing rules for Guernsey companies on the HK Stock Exchange would mean more legal work in HK than Singapore but what do I know?

The point I picked up on is that CC partnership owns a Guernsey trust company, aptly named "Guernsey Trust Company"! Now you know where (else) to go to should you need a Guernsey trust.

The Channel Islands have never been a top trust destination for Asian clients. When given a choice, virtually no one wants a CI administered trust. The only people that promote Guernsey or Jersey trusts are the banks that have a trust center there. With the exodus of trust companies/business from the CI, it seems no one else is either.

No comments: