Abstract: Thermal (CP) , magnetic ( M and χac ), and transport (ρ) measurements on Ce2Pd2Sn are reported. High-temperature properties are well described by the presence of two excited crystal-field levels at (65±5)K and (230±20)K , with negligible hybridization (Kondo) effects. According to literature, two transitions were observed at TM=4.8K and TC=2.1K , respectively. The upper transition cannot be considered as a standard antiferromagnetic because of frustration effects in a triangular network of Ce atoms and the positive sign of the paramagnetic temperature θPLT=4.4K . The nature of the intermediated phase is described accounting for the formation of ferromagnetic (F) Ce dimers disposed in a quasi-two-dimensional square lattice, resembling a Shastry-Sutherland pattern. According to hysteretic features in ρ(T) and χac(T) , the lower F transition is of first order, with CP(T<TC) revealing a gap of anisotropy Eg≈7K .