External Conferences
ILA Webinar – The Fallout from BHS on Directors’ Duties
Monday 22nd July 2024 | 11.00am - 12.00pm
Online
Speakers:
Lexa Hilliard KC
International / offshore, Insolvency, Trusts, probate and estates: contentiousThursday 13 October 2022
The Privy Council has handed down judgment in two appeals (ETJL v Halabi; ITGL v Fort Trustees [2022] UKPC 36) concerning the nature and scope of the right of a trustee to recover from or be indemnified out of trust assets in respect of liabilities and other expenditure properly incurred by the trustee. A seven-member Board was convened because the Privy Council was asked to reconsider part of its decision in Investec Trust (Guernsey) Ltd v Glenalla Properties Ltd [2019] AC 271.
Although both appeals concerned Jersey law, the decision is likely to have significance throughout the common law world. It has particular importance in circumstances where the trust fund is ‘insolvent’, in the sense that the trust assets are insufficient to meet the amounts due under the trustee’s right of indemnity.
There were four principal issues:
Clare Stanley KC acted for the Appellant and James Goodwin acted for the Respondent in ETJL v Halabi.
A copy of the Judgment can be found here.
People to view:
External Conferences
Monday 22nd July 2024 | 11.00am - 12.00pm
Online
Speakers:
Lexa Hilliard KC
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Scrub Island Resort
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Radisson Blu Waterfront Hotel, Jersey
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