[2025]GRC087 - Geneva Trust Company (GTC) S.A. v Orbitus Trustees (Guernsey) Ltd

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The Royal Court of Guernsey considered the entitlement of a former trustee, Geneva Trust Company (GTC), to remuneration and expenses from the Tchenguiz Settlement, addressing threshold issues of trust solvency and the principles governing claims post-removal. The Court held that GTC has some entitlement to remuneration and properly incurred expenses, with the precise amount to be determined by agreement or further hearing, and noted greater scope for reduction of claims during the caretaker period.