- 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
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.
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