Continue reading "Trusts: 30 years’ flaw"
This post is only available to members.
Trusts: 30 years’ flaw
The Cayman Court has provided clarity over what happens in the event of absent or defective protector consent. Robert Lindley explains ‘There was potential for payments to beneficiaries and trustees, investment decisions, and the administration of business assets to be considered invalid as they had been made without the authority of all of the trustees.’Any …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Y Trust No 1 (2016) unreported, Grand Court of the Cayman Islands