The recent judgement of the Royal Court of Jersey in Nolan and others v Minerva Trust Company and others [2014] JRC078A is a wake-up call to offshore fiduciaries and corporate service providers: slavish loyalty to client requests can be a very costly mistake, if your client turns out to be a fraudster and the Court decides that you helped him when you had reason to suspect that he was up to no good.

For doing his bidding you could be branded dishonest, and ordered to compensate the victims for their losses out of your own funds.

The implications of this judgment are relevant to everyone working in the trusts or financial services industry and the following briefing has been produced by Advocate William Redgrave at Baker & Partners.

To download the Baker & Partners briefing please click http://bit.ly/1EaSvrn