A question of trust: practical issues for office-holders of insolvent trustee entities

In this article, Thomas Munby and Laurie Brock from Maitland Chambers look at Practical issues for office-holders of insolvent trustee entities. The key points arising from the article are as follows:

  • Office-holders of insolvent entities holding assets on trust will often, but should not always, end up dealing with the trust assets
  • Recent authorities illustrate an increasing willingness on the part of the court to exercise its jurisdiction in a robust and creative way to allow sensible distributions of trust assets to take place
  • Costs incurred in relation to work on trust assets require careful treatment

Click here to read the full article.

Filed Under: CRI

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