Continue reading "Equity: Curing defects in the exercise of trust powers"
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Equity: Curing defects in the exercise of trust powers
Oliver Hilton sets out the lessons from recent case HR Trustees v Wembley Plc ‘The problem for Wembley was clearly that not all of the trustees had signed the Scheme Amendment Authority, and so it was not under their hands as required by the second sentence of clause 16.’ It is not uncommon for draftsman …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- BESTrustees v Stuart [2001] EWHC 549 (Ch)
- HR Trustees v Wembley plc [2011] EWHC 2974 (Ch)