Daniel v Tee Neutral citation: [2016] EWHC 1538 (Ch)

WTLR Issue: Autumn 2018 #173

1. GLYN THOMAS DANIEL 
2. AMY LOUISE DANIEL

V

1. JAMES RICHARD TEE
2. DAVID IAN REDFERN
3. PAUL FREDERICK OSBORNE

Analysis

The defendants were professional solicitor trustees of a trust established by the will of the claimants’ father. The claimants were the beneficiaries of the will trust, who were minors when their father died. The deceased’s will provided that the claimants’ shares would be held on trust for them until they turned 25, so the defendants invested the trust fund with the assistance of professional investment advice given by Taylor Young Investment Management Ltd (Taylor Young).

Counsel details

Christopher Lundie, (2TG, 2 Temple Gardens, London, EC4Y 9AY, tel: 020 7822 1200, e-mail clerks@2tg.co.uk) instructed by Gateley LLP (1 Paternoster Square, London, EC4M 7DX, tel 020 7653 1600, e-mail info@gateleyplc.com) for the Claimants.


Anthony de Freitas (Hailsham Chambers, 4 Paper Buildings, Temple, London, EC4Y 7EX, tel: 020 7643 5000, e-mail clerks@hailshamcahmbers.com) instructed by BLM LLP (Plantation Place, 30 Fenchurch Street, London, EC3M 3BL, tel 020 7638 2811, e-mail paula.jefferson@blmlaw.com) for the Defendants.

Cases referenced

Cases in bold have further reading - click to view.

Legislation referenced

Legislation in bold has further reading - click to view.

  • Limitation Act 1980, s21(3)
  • Trustee Act 1925, ss23(1), 61
  • Trustee Act 2000, ss1, 15, 22(2), 22(3)
  • Trustee Investment Acts 1961, s6(1)