In Al Tamimi v Al Charmaa(1) the Jersey Royal Court clarified that any arrangement which detracts from the ability of regulators or law enforcement authorities to identify beneficial owners of companies or beneficiaries of trusts will not be recognised on grounds of public policy. Facts The parties to the case were a divorced couple who had been […]

The recent Jersey judgment (Al Tamimi v Al Charmaa [2017]JRC 033) concerned the ultimate ownership of two Jersey companies. This case involved an alleged beneficial ownership agreement made by persons in a divorce and residing outside of Jersey (summary below). In the judgement, the Royal Court (the Bailiff and Jurats) sent a strong message that […]