Trustees’ duties: exemptions and exonerations
| Autor: | David Hayton |
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| Rok vydání: | 2023 |
| Předmět: | |
| Zdroj: | Trusts & Trustees. |
| ISSN: | 1752-2110 1363-1780 |
| Popis: | As part of the bargain for undertaking a trusteeship, a trustee can exempt itself not only from liability for a breach of trust, it can altogether oust particular trusteeship duties, so long as it leaves intact the irreducible core obligations of a trust. Where a trustee is to hold underlying controlled companies, the trustee’s duties of supervision and inquiry can be specifically ousted so long as the trustee has no actual or blind-eye knowledge of dishonest conduct in the affairs of such companies. Low insurance premiums lead to low trustees’ fees. |
| Databáze: | OpenAIRE |
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