Re X Trustees
James Gleeson advised a leading trust company in relation to complex regulatory matters. The underlying client structure held assets under administration worth c €1 billion. The case, which was resolved without need of proceedings, raised novel issues concerning statutory interpretation and in particular the scope of Article 30 of the Proceeds of Crime (Jersey) Law 1999.
Proceedings Brought By a Leading Financial Institution
James Dickinson and Guillaume Staal acted on behalf of another of Jersey’s leading financial institutions in connection with breaches of restrictive covenants and the recovery of client information misappropriated by a former employee.
The former employee was subsequently successfully prosecuted under the Data Protection (Jersey) Law 2004 and made the subject of a Jersey Financial Services Commission public statement and directions preventing him from holding any position in the business of a person registered under the Financial Services (Jersey) Law 1998.
JFSC Appointment
James Gleeson was appointed by the Jersey Financial Services Commission to provide Jersey law advice to the Inspectors for the purposes of a wide ranging investigation which resulted in substantive breach of trust proceedings against the entity concerned.
The firm has also advised on bank projects including updating internal processes and documentation where there are changes to Jersey regulation.