STEP Cayman talk – Equity Trust PC decision

STEP Cayman were delighted to be joined by Shân Warnock-Smith KC and Andrew De La Rosa (both of International Chancery and Trust Chambers) last Thursday for a lecture considering the very recent Privy Council judgment in Equity Trust v Halabi (aka Z Trusts) which has clarified the rights of successive trustees to recover costs and expenses from an insolvent trust fund but has left us wondering whether our standard practice on a change of trusteeship needs to change.

Shân Warnock-Smith KC, who represented the successful Appellant, and Andrew De La Rosa shared their thoughts on this and related issues for the first time since the judgment and we include the slides from the lecture for your reference below: