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Guernsey court sets out approach to granting Hastings-Bass relief (M v St Anne’s Trustees Ltd)

Guernsey court sets out approach to granting Hastings-Bass relief (M v St Anne’s Trustees Ltd)
Published on: 14 March 2018
Published by: LexisPSL
  • Guernsey court sets out approach to granting Hastings-Bass relief (M v St Anne’s Trustees Ltd)
  • What are the practical implications of the decision?
  • What was the background?
  • What did the court decide?
  • First limb: breach of duty
  • Second limb: exercise of discretion

Article summary

Private Client analysis: Karen Le Cras, partner at Carey Olsen, examines the Guernsey Royal Court’s refusal to exercise its discretion to grant relief under the rule in Hastings-Bass and set aside a transaction which took place between the applicant member of a retirement pension plan and the respondent trustee of the plan. or take a trial to read the full analysis.

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