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Trustees: First in time, first in line?
Adam Carvalho and Joseph de Lacey examine the priority of trustee indemnities ‘The original trustee argued that a pari passu approach was wrong in law, and that its claim had priority over the other creditors of the Z II Trust.’ Readers will of course know that trustees have a right to be indemnified for costs …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Investec Trust (Guernsey) Ltd & anor v Glenalla Properties Ltd & ors [2017] WTLR 205
- Lemery Holdings Pty Ltd v Reliance Financial Services Pty Ltd [2008] NSWSC 1344
- Meritus Trust Co v Butterfield Trust Ltd [2018] WTLR 545
- Rawlinson & Hunter Trustees SA v Chiddicks & ors [2019] JCA 106; [2022] WTLR 1475 CA (Jersey)
- Re Frith [1902] 1 Ch 342
- Representation of Rawlinson & Hunter Trustees SA [2018] JRC 119
- X v A [2000] WTLR 11