Wills & Trusts Law Reports | March 2017 #167The plaintiffs were the former trustees of the Tchenguiz Discretionary Trust (the ‘trust’), which had been established in Jersey by Declaration of Trust dated 26 March 2007 for the benefit of a class of beneficiaries comprising Robert Tchenguiz and his children a remoter issue. The Trust was funded initially by an appointment from the Tchenguiz Family Trust which had previously been established in the British Virgin Islands. Subsequently, the trustee of this trust entered into a loan agreement for borrowing of monies from Kaupthing Bank (the ‘bank’) and then made an appointment of assets...
Robert Bourne considers a siginificant but often overlooked reform, the arrival of CPR 44.2(8) ‘The costs ordered to be paid will be those that “reflect a reasonable assessment of what was likely to be awarded.”’ In recent years it has been recognised that if a party is bound to receive a certain part of the …
Continue reading "Civil Procedure Rules: Payment on account of costs – what is the right percentage?"
This post is only available to members.
