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Cerisse Fisher

Group Partner

Legal

Guernsey

Cerisse  Fisher

Cerisse specialises in all aspects of Guernsey trust and private client law and regularly advises trustees, family offices, high net worth individuals and intermediaries on the creation, restructuring and winding up of trusts and a wide scope of cross-jurisdictional fiduciary transactions.

Experience

Cerisse has invaluable experience working within a trust company on both legal and direct client matters. She has a broad knowledge of the challenges and pitfalls for trustees plus the practical aspects of trusteeship and requirements of corporate service providers and their clients.

Background

Cerisse qualified as a Solicitor of England and Wales in 2009. She previously worked at another leading offshore law firm and subsequently within an award-winning trust company, carrying out both client-facing trusteeship and internal legal work for 12 years prior to joining Collas Crill in 2018.

She was promoted to Group Partner in January 2023.

Awards

Recognised on Citywealth Leaders List.

Memberships

  • Law Society
  • Guernsey International Legal Associate

* admitted in England and Wales

^ not a member of Collas Crill LLP in Guernsey

Chambers Ranking In UK Chambers High Net Worth

"Years of working within a licensed fiduciary has given me invaluable knowledge, perspective and understanding of the challenges my clients face and the type of advice and guidance that would be most helpful to them. The breadth of experience I have across all types of private client structure, multiple jurisdictions, asset classes and regulation mean I am able to provide sound, well rounded legal advice with a firmly rooted sense of practicality."

Expertise

Whether set up for asset protection purposes, as part of succession or tax planning, or for family governance or confidentiality reasons, offshore private wealth structures are common and often large and complicated.

We assist wealthy individuals, family offices, family-controlled businesses and entrepreneurs, often working alongside their trustees, bankers, tax advisors, accountants and other professional advisers, with the legal support needed within private wealth structures. We work with a broad range of vehicles including family investment companies, family limited partnerships, trusts and foundations.  

We can assist with all legal aspects of establishing, operating, restructuring, funding/leveraging, relocating and winding up such vehicles.  

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We advise internationally based companies and trustees on the establishment and operation of employee incentive schemes, addressing issues such as the funding and structuring of awards as between sponsoring employer and trustee, treatment of dividend entitlements for share awards and the formulation of the beneficial class of employee benefit trusts (EBTs) having regard to international legal and taxation requirements.

Changes of trustee documents (DORA or IORAs) usually contain indemnities from the incoming trustee to the outgoing trustee which are often hotly negotiated and can be complex. A change of trustee also presents a good opportunity for the incoming trustee to undertake a due diligence exercise by reviewing the trust documents, ensuring that the previous chain of trusteeship is intact and ensuring that the outgoing trustee ratifies or rectifies any flaws in the trust or the trust documents before the trusteeship is handed over. We have considerable experience in narrowing the issues in these negotiations. We are also well versed in assisting our trustee clients in mitigating risk by spotting (sometimes very significant flaws) in trusts before they are taken on and by ratifying previous discrepancies in a commercial manner – commonly without necessitating the involvement of the court.

In a climate of increased transparency for structures, it is important for trustees to ensure that they have sufficient policies, procedures and processes in place in order to report the correct data to the correct authority at the correct time. This has been particularly challenging for some of our smaller independent trustee clients who do not have a dedicated compliance team.

Many individuals think of the traditional trust as being the best way to manage their estate planning needs and are unfamiliar with the alternatives that are available. These include foundations, private family funds, and increasingly, the family limited partnership (FLP). While initially developed offshore, the FLP was harnessed and developed offshore in the Channel Islands as a flexible investment structure and a viable alternative to the traditional trust due to its ability to transmit wealth to younger generations while allowing family heads to retain a sensible level of control. This is particularly important for clients using the FLP to transfer the family business or 'golden egg', where a loss of control is undesirable. An FLP is flexible enough to allow a very bespoke agreement to be out in place to meet the often very detailed and personalised demands of clients.

Dubai has no specific pensions law as such but Dubai-based companies do need to plan for and fund end of service gratuity payments. Instead of a pension, local laws require companies to make a severance payment when employees leave the business This can be a significant liability to fund and can often come at the most unwelcome of times such as during an economic downturn. Companies who have failed to set money aside to meet these payments have historically been unable to afford to reduce headcount as they have not planned or budgeted for severance payments.

Although it is difficult for some smaller firms to set money aside to fund their entire historic liability, it is never too late to start setting aside at least some provision for this potentially large liability. If done well, these end of service schemes can be self-funding and can also achieve a company's ESG aims by investing in very worthy causes both within the region and more widely.

Alongside companies and wills, family trusts are still a very popular tool for estate planning and asset protection – perhaps even more so in the light of the envisaged changes to the UK non-domiciled regime. Family foundations are proving to be a popular new tool for families looking to ensure their wealth and assets are protected for future generations. We establish trusts and foundations for local and international families to preserve family businesses and ensure appropriate succession planning. We work closely with tax advisers in order to ensure that any new family trust or foundation fits with a family's overall tax position and will be a workable long term, cost efficient structure. Discretionary trusts are still the most popular but we can also advise on fixed trusts, will trusts and pension trusts.

The role of a modern trustee has never been more complex. Trustees must satisfy the needs and desires of their beneficiaries, manage complex assets and navigate an ever-changing legal and regulatory landscape.

We know that trustees can need assistance and advice on how best to satisfy their duties and to meet their legal and regulatory obligations. We understand and have a great deal of experience in working with trustees to get ahead of any potentially difficult situation and resolve it in a way that minimises risk and conflict.

We advise internationally based companies and trustees on the establishment and operation of employee incentive schemes.

We address issues such as the funding and structuring of awards as between sponsoring employer and trustee, treatment of dividend entitlements for share awards and the formulation of the beneficial class of employee benefit trusts (EBTs) having regard to international legal and taxation requirements.

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When considering a move offshore, it's essential to seek advice from experienced advisers who know the market inside out.

Our partner-led real estate team regularly helps newcomers in acquiring new homes and/or business premises and guiding them through the relocation process. We act for many high-net-worth individuals and high-value residents.

We believe that communication and responsiveness are the key to a stress-free experience which is why we're always on hand to listen, offer assistance and pick up the phone to keep you informed at every stage of your move. We are consistently praised by clients for our calm, proactive and hands-on approach, ensuring all transactions are completed as swiftly and smoothly as possible.

Some of our people have first-hand experience of relocating themselves, affording them a unique insight into the challenges and opportunities you are likely to face.

We can assist you or your company with all forms of certificates and permits and out-of-scope applications, specifically short-, medium- and long-term employment permits, out-of-scope applications, permanent residence certificates and residence permits.

We can also assist with indefinite leave to remain, tier 2 visas, entrepreneur visas and British citizenship.

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As the global legal and regulatory landscape becomes ever more complex, managing wealth across generations, succession planning and transferring control of assets has never been more challenging. That's why it's important to work with lawyers who can offer solutions that are tailored to your unique circumstances.

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When considering a move offshore, it's essential to seek advice from experienced advisers who know the market inside out.

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Private trust companies (PTC) and private trustee foundations (PTF) are an ideal solution for clients wanting to divest themselves of ownership while still retaining a level of control. A PTC, or its most recent incarnation, the PTF, is a corporate vehicle which is used by a family in place of a professional trustee so that the family themselves can control the board of the trustee and thereby control the underlying assets.

News and insights

Principles for protector removal: Bernheim v Krummenacher and ors [2025]GRC060

The recent decision of the Royal Court of Guernsey in Bernheim v Krummenacher provides guidance on the Court’s jurisdiction to remove protectors and the c...

Insight 11/05/2026
  • Guernsey
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Termination of a trust: A practical guide for trustees

Trusts are intended to endure, often across generations. However, circumstances change: family dynamics evolve, assets are sold, restructured or decrease ...

Guide 10/03/2026
  • Guernsey
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The NED Forum

Events 04/02/2026
  • Guernsey
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Trustee gross negligence and trust assets: Guernsey Court of Appeal considers the scope of gross negligence for a trustee and whether a chose in action is trust property

The Trusts (Guernsey) Law, 2007 (Trusts Law) confirms that the terms of a trust may not relieve a trustee of liability for a breach of trust arising from ...

Insight 28/01/2026
  • Guernsey
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The role of trusts in philanthropy and impact investing - SIFS

Events 02/12/2025
  • Guernsey
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Family asset protection: Divorce, finance and the media

Collas Crill has contributed to The Global Legal Post's second edition of the Law Over Borders Comparative Guide to Family Asset Protection. The publictio...

Insight 12/11/2025
  • Cayman
  • Guernsey
  • Jersey
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Guernsey private trust companies now require a full fiduciary licence or 'limited permission'

Guernsey law provides for the establishment and regulation of private trust companies (PTCs). In September 2025, the Guernsey Financial Services Commissio...

Insight 11/11/2025
  • Guernsey
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Strong rankings maintained in Chambers UK Guide 2026

Collas Crill's Guernsey and Jersey teams have upheld the firm's rankings across all practice areas in the 2026 Chambers UK Guide, including the Guernsey p...

News 16/10/2025
  • Guernsey
  • Jersey
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Practical considerations for outgoing trustees

Whether at the request of beneficiaries, or through their own choice, trustees will often know when the time is right to pass the baton. This guide highli...

Guide 20/11/2024
  • Guernsey
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Collas Crill builds on strong rankings in 2025 Chambers UK Guide

Collas Crill's Guernsey and Jersey teams have upheld the firm's rankings across all practice areas in the 2025 Chambers UK Guide, with a notable promotion...

News 18/10/2024
  • Guernsey
  • Jersey
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Private client and trusts talent recognised in Chambers HNW Guide 2024

Collas Crill's Private Client team has once again featured in the Chambers High Net Worth Guide, the guide for go-to individuals and firms in the private ...

News 22/07/2024
  • Cayman
  • Guernsey
  • Jersey
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Trust confidentiality vs. divorce: Understanding the conflict

This article by Cerisse Fisher was first published in issue 17 of ThoughtLeaders4 HNW Divorce magazine. See here. Divorce proceedings often entail co...

Insight 15/07/2024
  • Guernsey
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Collas Crill explains… The duties of a trustee under Guernsey law

What is a trustee? A trust exists if a person (a "trustee") holds or has vested in them, or is deemed to hold or have vested in them, property which does ...

Guide 04/06/2024
  • Guernsey
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Collas Crill explains... Establishing a Guernsey trust

What is a trust? Section 1 of The Trusts (Guernsey) Law, 2007, as amended (the "Law") states that: "A trust exists if a person (a "trustee") holds or has ...

Guide 03/06/2024
  • Guernsey
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60 seconds with Cerisse Fisher

This article was first published in issue 16 of TL4 HNW Divorce Magazine.  Get to know Private Client and Trusts Group Partner Cerisse Fisher in 60 s...

Insight 22/02/2024
  • Guernsey
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Navigating the world of trustees and high valuable movable assets

First published in issue 13 of ThoughtLeaders4 Private Client Magazine. In their article - 'Navigating the world of trustees and high valuable movable ass...

Insight 15/01/2024
  • Guernsey
  • Jersey
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Common law marriage

This article first appeared in issue 15 of the ThoughtLeaders4 HNW Divorce Magazine - Divorce Litigation Conference Edition. It is no secret that the Matr...

Insight 28/11/2023
  • Guernsey
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Promotions at Collas Crill

Collas Crill has made a number of promotions across its Channel Island and Caribbean offices. In the Channel Islands, Guernsey-based Cerisse Fisher and N...

Life and careers 05/01/2023
  • Guernsey
  • Jersey
  • Cayman
  • BVI
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Collas Crill hosts STEP event

Collas Crill is delighted to sponsor and host the third event in the STEP Guernsey's Student Introductory Series. Angela Calnan and Cerisse Fisher will b...

Life and careers 08/08/2022
  • Guernsey
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Collas Crill explains... Trustee liens

This is part of a series of guides in which we examine areas of law that frequently arise in practice. Further guides will be released weekly; click here ...

Guide 03/11/2021
  • Guernsey
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Collas Crill explains… Changing the proper law of a Guernsey trust

This is part of a series of guides in which we examine areas of law that frequently arise in practice. Further guides will be released weekly; click here ...

Guide 23/09/2021
  • Guernsey
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Collas Crill explains... Reserved powers

This is part of a series of guides in which we examine areas of law that frequently arise in practice. Further guides will be released weekly; click here ...

Guide 04/08/2021
  • Guernsey
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New pension and fiduciary rules

Following extensive consultation with industry, in February 2020 the Guernsey Financial Services Commission (GFSC) issued its final rules and guidance und...

Insight 06/11/2020
  • Guernsey
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'Trust me': From here to indemnity

The 'Trust me' series from Collas Crill's Guernsey International Private Client and Trust team is intended to highlight key considerations and provide pra...

Guide 30/07/2020
  • Guernsey
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'Trust me': What to inspect when you are expecting... a trust

The 'Trust me' series from Collas Crill's Guernsey International Private Client and Trust team is intended to highlight key considerations and provide pra...

Guide 29/01/2020
  • Guernsey
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Channel Islands: Anti-Bartlett

The Hong Kong Court of Final Appeal (Court of Final Appeal) has delivered its highly anticipated judgment in Zhang Hong Li and others v DBS Bank (Hong Kon...

Insight 05/12/2019
  • Guernsey
  • Jersey
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To apply or not to apply?

Private Trust Companies (PTC) are currently in vogue. So far in 2019 the Collas Crill International Private Client and Trust team have established more th...

Insight 17/06/2019
  • Guernsey
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What is "impact" investing?

What is "impact" investing, sometimes referred to as responsible or sustainable finance, and what do trustees, family offices and others in the private cl...

Insight 31/05/2019
  • Guernsey
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No "swapsies" for Barnardo's

The appeal by UK charity, Barnardo's, to change the inflation benchmark of their staff pension scheme has been dismissed under a ruling by the Supreme Cou...

Insight 12/11/2018
  • Guernsey
  • Jersey
  • London
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CRS reporting on protectors

In the last few weeks, as the first reporting deadline gets closer, we have been seeing a number of Guernsey trustees seeking advice on their obligations ...

Insight 26/06/2017
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Trusts on tour: Jurisdiction clauses in trust instruments

Copyright in this article vests in the Jersey and Guernsey Law Review. It was published in the October 2015 edition of that publication and is reproduced ...

Guide 10/12/2015
  • Jersey
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