Peter Michel (58) will join Advocate David Le Cornu and a large group of friends and family for a week for their annual visit to the prestigious and glamorous event.

He was given permission to go by the Bailiff himself.

In granting an application for Michel to attend next month, Sir Philip Bailhache said that Jurats Georgelin and Le Brocq were split on the decision but the court had decided in favour of the move.

Crown Advocate Cyril Whelan had opposed the application, as there was a fear that Michel could abscond.

Advocate Whelan said that the Crown did not know if Michel had property in Monaco and what access he had to funds.

He expressed concern about the ‘difficulties attached to extradition’ in Monaco and counsel submitted that as the case ‘was starting to close in’ on the accused the Crown had concerns about allowing him ‘to travel to a jurisdiction of that nature’.

Complied But Advocate Le Cornu submitted that whenever his client had left the Island he had informed the Attorney General and the police and complied with all conditions of his bail.

The lawyer told the court that he and his family would also be making the trip from 19 to 26 May.

He submitted that the court should remember the presumption of innocence.

His client was a Jerseyman who had a wife and children in the Island.

He further submitted that Michel had no property in Monaco and no access to any other funds.

Not guilty pleas were entered on behalf of Michel and co-accused Simone Gallichan during yesterday’s procedural hearing.

The two face a number of charges relating to alleged multi-million-pound fraud and money-laundering charges.

Unusually, the case was sent straight to the Royal Court in January and did not go to the Magistrate’s Court.

The case was adjourned until 18 July, when the trial judge, Sir Richard Tucker, is expected to be available to appear.

He was scheduled to sit yesterday but the judge had broken his leg in an accident.

The defence contended yesterday that they would not be in a position to fully consider the matter of pleas until all prosecution documentation had been filed.

Therefore the not guilty pleas of the two accused were entered by the court on their behalf.

‘The court will record pleas of not guilty noting that neither defendant will be prejudiced by that plea once the prosecution has served the remaining material,’ said Sir Philip.