Lynsey McIntyre (McDermott Will & Emery LLP): Mezhprom v Lenux (2021) : When Should Offshore Trustees Participate in Foreign Proceedings? (November 12, 2021)

Lynsey McIntyre, of McDermott Will & Emery LLP, has made available for download her article, Mezhprom v Lenux (2021) : When Should Offshore Trustees Participate in Foreign Proceedings?, published in JDSUPRA. The abstract is as follows:

A recent decision in a British Virgin Islands court case has raised a number of questions regarding the enforcement of foreign judgments in offshore jurisdictions that have implemented firewall legislation, and highlights issues facing offshore trustees that do not have the protection of such firewall legislation. Choosing to do nothing in the face of foreign proceedings may result in a foreign judgment that is binding on the trustee in jurisdictions where trust assets are situated. As such, trustees should consider discussing a unified response with the beneficiaries, settlor and protector to determine whether the action in the foreign court should be fought and, if so, discuss which party is best placed to lead that fight.

Click here to view Lynsey McIntyre’s summary of Mezhprom v Lenux (2021) : When Should Offshore Trustees Participate in Foreign Proceedings?.

Posted by Jessica Ji, Associate Editor, Wealth Strategies Journal.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s