James Sheedy

James Sheedy 

Partner | Jersey

Private Client and Trusts

  • Great technical knowledge and commercial awareness.
    Chambers

Overview

James is a Partner in Private Client and Trusts team. He joined Collas Crill in January 2024. James is an English barrister and Jersey Advocate and has a busy practice with a particular focus on contentious and non-contentious trust work. 

Experience

James advises, undertakes drafting work, and acts for beneficiaries, trustees and other power-holders in relation to:

  • Breach of trust claims, asset tracing/recovery and claims for secondary liability against accessories.
  • Issues concerning trust administration, the appointment and removal of trustees and the exercise of powers.
  • Applications to court for directions, the variation and rectification of trusts and the disclosure of information to beneficiaries and third parties.
  • Jurisdiction disputes and the enforcement of foreign judgments against trustees and beneficiaries.
  • Issues concerning trustees’ rights of indemnity, fees and legal cost.

James also advises in relation to a broad range of contentious commercial and company law disputes.

He is named as a Rising Star in Legal 500 UK 2023 and ranked in Chambers UK and Global 2023. James is also listed by eprivateclient in the 2024 Crown Dependencies NextGen Leaders list

Memberships

  • Association of Contentious Trust & Estate Practitioners (ACTAPS)
  • Contentious Trust Association (Contra)
  • Chancery Bar Association
  • Trust Law Working Committee of Jersey Finance that considers amendments to the Trusts (Jersey) Law 1984.

My services
Trust disputes
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We represent beneficiaries, high-net-worth individuals, trustees, protectors and other power holders in a range of contentious and semi-contentious situations. Our lawyers have been at the forefront of the most complex, high-value private wealth litigation offshore. 

We often deal with novel points of law, creating new and innovative solutions to meet the needs of our clients.

Given the international nature of private wealth, with clients and their assets spread across the world, we work as a joined-up global team so that our clients can benefit from the knowledge and experience wherever they may need it.

Read more
Reporting obligations for trustees
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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.

Fraud, asset tracing, freezing, recovery and enforcement
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We're used to working as part of a multi-jurisdictional team, capable of reacting and responding quickly to urgent requests for assistance with locating and freezing assets. As sophisticated defendants become more adept at dissipating assets, we've been involved in cases that created new law in relation to a party's ability to trace assets and recover their losses. With their ability to deal with complex issues the team deliver clear, commercial advice on the availability and likely success of recovery methods.

Private wealth
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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.

Event 15 Feb 2024

TL4 HNW Divorce forum

Event 20 Mar 2024

Trusts in Litigation 2024

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