Keith Wallace makes the case for using a trust corporation ‘Any risk-averse professional firm should be seeking to consolidate its trusteeship work centrally to avoid regulatory and reputational exposure for any non-compliance.’UK trusts are said to number 170,000, according to gossip around the register of trusts being compiled by HMRC. Most of these will be …
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Wills & Trusts Law Reports | October 2014 #143Mr John Bayley settled property on trust on 17 November 1983. He died in 1987. The trust was established with the assistance of the settlor’s longstanding business associate and friend, Mr Derek Gray, who provided various services to the trust through the first defendant, SG Associates (SGA), a company of which he was a director. From 1998, Mr Gray was also director of a US company known as Clean Diesel Technologies (CDT), which developed, designed, marketed and licensed technologies and solutions for the reduction of emissions from combustion engines. He was also a director of SGA...
