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LATEST VIEW LEGAL BLOG

  • Right by your side** – Commercial issues with trustees performing many roles
    Right by your side** – Commercial issues with trustees performing many roles
    As mentioned in last week’s post, it is possible for the same company to act as trustee for a number of trusts. Such an arrangement should not change the indemnity position if a liability is incurred, however there are a number of commercial reasons that need to be considered before having the same company act as trustee for multiple trusts. Some of the issues in this regard include: While the current legal position is that the assets of each trust will be segregated if a liability was to arise, this position in theory could be changed by future cases or legislation. For obvious reasons, most …
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