Wills & Trusts Law Reports | May 2016 #159Two settlements known as the Manny and Brigitta Davidson settlements were established by Manny and Brigitta Davidson in 1967 upon broad discretionary trusts, with UK resident trustees. Manny and Brigitta had two children, Maxine and Gerald, born in 1958 and 1961 respectively. The settlements were in identical terms. There was an 80 year perpetuity period, and the appointed day was defined as three days before its expire. The specified class of discretionary beneficiaries included the settlors’ children and remoter issue, their spouses and other family members. Their combined value ...
Andrew Willins and Sebastian Said examine a case which has lessons on liability and its proper limitation for trustees ‘Courts in the BVI and the Cayman Islands have rightly set their face against reducing the general law duties to such a level as to render them meaningless.’It is comparatively rare to encounter judgments from the …
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