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ARTICLE · 13 APRIL 2015

Retirement, Replacement & Removal Of Trustees: Guidance Note

Baker & Partners LLP
Baker & Partners LLP
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Baker & Partners LLP

Baker & Partners LLP

The Cayman Islands office was opened in late 2020 with Robert Jones as the sole attorney. The...

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This Guidance Note will cover a host of practical issues for trustees seeking to step down from office and the practical implications of some recent court decisions on applications to remove a trustee.

JerseyCorporate/Commercial Law
James Sheedy
James Sheedy
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This Guidance Note will cover a host of practical issues for trustees seeking to step down from office and the practical implications of some recent court decisions on applications to remove a trustee. It will also cover legal issues for both outgoing and incoming trustees and their beneficiaries; such as knowing when a trustee should jump before being pushed if it is experiencing friction with beneficiaries, practical points to consider when facing a court application for removal – parallel claims for breach of trust, conflicts of interest, costs, and the importance of tying up loose ends – and also trickier points in negotiating and structuring appropriate indemnities.

RETIREMENT & REPLACEMENT

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