23 April 2018

UK Privy Council rules on Investec v Glenalla trustee indemnity dispute

The Privy Council has handed down judgment in Investec Trust (Guernsey) v Glenalla Properties (2018 UKPC 7), concerning the personal liability of trustees for loans they had made to some offshore companies. The ruling in this long-running dispute is a significant one in the international law of trustee engagements, and the scope of trustee indemnification.

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