Irwin Mitchell Trust Corporation v PW & anr [2024] WTLR 943

Autumn 2024 #196

The claimant (a trust corporation) was appointed as deputy for property and financial affairs for the first defendant. The claimant instructed IMAM (an investment manager) to invest the first defendant’s funds. IMAM was part of the same corporate group as the claimant (IMAM was wholly owned by IMHL, and IMHL wholly owned IMLLP which wholly owned the claimant).

During a statutory will application, the Official Solicitor expressed concern about the appointment of IMAM. The court directed the claimant to apply for retrospective authority to instruct IMAM.

The claimant’s eviden...