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The High Court strikes out for lack of jurisdiction a case involving the administration of a trust, due to an exclusive jurisdiction clause designating the courts of the British Virgin Islands (BVI) as the proper forum. The case, which involves disputed claims over the administration of the "Bloem Trust" and its assets, was brought to the Irish courts following extensive litigation in the United States. The court also determined that the U.S. courts are a more appropriate forum for resolving the core issues, given their substantial connection to the matter and the ongoing involvement of the U.S. Bankruptcy Court.
exclusive jurisdiction clause, Bloem Trust, British Virgin Islands (BVI), administration of trust, U.S. Bankruptcy Court, forum non conveniens, Irish High Court, comity of courts, proceedings struck out, stay granted, jurisdiction, trust assets, U.S. courts, constitutional rights, in rem action, Official Assignee, Yesreb Settlement Agreement.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
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