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Client Alert February 1, 2024

Cracking Delaware’s Notoriously Tough Trusts

  • Several features make Delaware’s trust law attractive for debtors to hold assets in the jurisdiction.
  • This also means creditors often struggle when attempting to access the trusts to recover assets.
  • By deploying aggressive, multijurisdictional strategies, creditors may be able to crack even Delaware’s notoriously tough trusts.

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Client Alert October 26, 2023

International Creditors Can Crack Delaware's Notoriously Tough Trusts

  • Debtor-friendly Delaware has strong asset protection laws that make it a destination of choice for global entities and individuals looking to hold their assets in a trust.
  • This creates a headache for international creditors – recovering assets in a Delaware trust can seem like an insurmountable challenge.
  • By adopting a creative, aggressive and multijurisdictional strategy, however, creditors can crack even Delaware’s notoriously tough trusts.

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Client Alert September 7, 2023

Defensive and Counteroffensive Strategies in Delaware for Business Disputes that Turn Personal

  • Cross-border disputes involving ultra-high-net-worth individuals (UHNWIs) can often turn personal.
  • Commercial counterparties may try to make the UHNWI individually liable, putting their personal assets at risk.
  • However, if there is a connection to Delaware, UHNWIs can leverage the favorable tools available in the jurisdiction to resolve disputes in their favor.

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Client Alert August 31, 2023

How Ultra-High-Net-Worth Individuals Should Respond When Their Cyprus-Based Assets Are Under Attack

  • As global geopolitical tensions rise, Cypriot-held assets are increasingly under threat.
  • Governments, competitors and other counterparties are increasingly launching aggressive and often unwarranted attacks against the Cyprus assets of ultra-high-net-worth individuals.
  • At-risk individuals should work with a cross-border team and local counsel to take strategic steps to defend their assets.

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Client Alert July 6, 2023

Defending Your Offshore Trusts from Onshore Attacks

  • Ultra-high-net-worth individuals embroiled in onshore government, commercial or family disputes may find their offshore trusts a vulnerable target.
  • These often-aggressive attacks set up a complex clash of onshore and offshore law, and demand an equally aggressive and comprehensive response.
  • There are steps UHNWIs and their advisors can take to reduce their risk exposure and respond to attacks on their wealth.

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Client Alert March 16, 2023

How Offshore Trustees and Beneficiaries Can Mitigate Serious Risks of a Sanctions Violation

  • Governments have increased focus on third parties – including offshore trustees – as they look to enforce their sanctions regimes.
  • This increases the risk trustees could become embroiled in an accusation of violating sanctions.
  • Trustees should take proactive, globally comprehensive measures to reduce their risk and avoid a cross-border crisis.

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Client Alert March 10, 2023

How International Creditors Can Crack Delaware's Notoriously Tough Trusts

  • Debtor-friendly Delaware has strong asset protection laws that make it a destination of choice for global entities and individuals looking to hold their assets in a trust.
  • This creates a headache for international creditors – recovering assets in a Delaware trust can seem like an insurmountable challenge.
  • By adopting a creative, aggressive and multijurisdictional strategy, however, creditors can crack even Delaware’s notoriously tough trusts.

Read More

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