Last updateTue, 24 Feb 2015 5pm

TRUSTEES: Ensuring a smooth sale

13 October 2017  

Anthony Turner and Adam Carvalho give the lowdown on the sale of corporate assets by trustees

It is not unusual for trustees to hold shares in private companies whose activities may range from a single purpose vehicle owning real property to a multi-national trading business. It follows that there will be times when trustees will consider a sale; there are any number of reasons for this but commonplace reasons are to realise value from an investment, to allow the trust to make substantial distributions or to diversify or otherwise de-risk trust assets.

Additional Info

  • Case(s) Referenced:

    Jones v Firkin Flood [2008] EWHC 2417; WTLR (w) 2008-8

    Marley v Mutual Security Merchant Bank [1991] 3 All ER 198

    Public Trustee v Cooper [2001] WTLR 901