The corporate trustees of a Bermuda discretionary trust made proposals to the beneficiaries to restructure the trust administration. Some beneficiaries objected to the proposals and requested that particular directors of the trustee companies, being closely allied with other beneficiaries, resign. Other beneficiaries broadly supported the proposals, and said the Court could not order such resignations. The trustees sought directions from the Court, including a direction as to whether they should remain as trustees, and certain directors offered to retire if the Court signified that they should do so.
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Elspeth Talbot Rice QC and Edward Cumming QC (XXIV Barristers’ Chambers, 24 Old Buildings, Lincoln’s Inn, London, WC2A 3UP, tel: +44 (0)20 7691 2424, e-mail: firstname.lastname@example.org) instructed by Ben Adamson (Conyers Dill & Pearman Limited, Clarendon House, Hamilton, Bermuda, Tel: +1 441 298 7824, e-mail: email@example.com) for the plaintiffs.
David Brownbill QC and Andrew Holden (XXIV Barristers’ Chambers, 24 Old Buildings, Lincoln’s Inn, London, WC2A 3UP, tel: +44 (0)20 7691 2424, e-mail: firstname.lastname@example.org) instructed by Fozeia Rana-Fahy (MJM Limited, 4 Burnaby Street, Hamilton, HM 11 Bermuda Tel: +441 294 3612, e-mail: email@example.com) for defendant 1, defendants 4-8 and defendant 13.
Brian Green QC and Anna Littler (Wilberforce Chambers, 8 New Square, Lincoln’s Inn, London, WC2A 3QP, Tel: +44 (0)20 7306 0102, e-mail: firstname.lastname@example.org) instructed by Matthew Watson (Cox Hallett Wilkinson Limited, Cumberland House, 1 Victoria Street, Hamilton HM FX, Bermuda, Tel: (441) 294 1546, e-mail: email@example.com) for defendant 2 and defendant 3.
Lilla Zuill (Zuill & Co, 25 Church Street, Continental Building, Hamilton HM 12, Tel: +1 441 405 1500) for defendants 9-12.
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