National Westminster Bank plc & ors v Ludlow Trust Co Ltd & ors [2024] WTLR 239
Wills & Trusts Law Reports | Spring 2024 #194Each of the claimant banks were part of the NatWest Group and appointed as trustee of a number of trusts. Following the decision by the NatWest Group in 2019 to divest itself of its trusteeships and trust administration business, a bidding process was commenced seeking a replacement trustee for 3,946 trusts, both private and charitable, and the first defendant (Ludlow) was ultimately the successful bidder based upon a detailed scoring system. The trust administration business was transferred to Ludlow for £1 and Ludlow agreed to pay all of the claimants’ costs of transferring the various...
V v T & anr [2014] EWHC 3432 (Ch)
Wills & Trusts Law Reports | January/February 2015 #146The claimant was the settlor of three trusts and applied, under the Variation of Trusts Act 1958, for approval of similar arrangements for the benefit of minor beneficiaries under the trust and for future, yet unborn, beneficiaries under the trust.
The principal defendants were the trustees, the adult beneficiaries (who consented to the proposed arrangements) and the minor beneficiaries, acting through their litigation friend.
Before the hearing the parties had contact Chancery Listing and obtained agreement that the cases would be listed for hearing with initials ...