Privy Council
Equity Trust (Jersey) Ltd
v
Halabi
Investec Trust (Guernsey) Ltd and others
v
Fort Trustees Ltd and another
[2022] UKPC 36
2021 June 15, 16, 17; 2022 Oct 13
Lord Reed PSC, Lord Briggs, Lord Stephens, Lady Rose, Lord Richards JJSC, Lady Arden, Sir Nicholas Patten
TrustsTrusteeIndemnityTrustee incurring liabilities and expenditure in capacity of trusteeWhether trustee’s right of indemnity conferring proprietary interest in trust assetsWhether such proprietary interest surviving transfer of trust assets to successor trusteeWhether former trustee’s proprietary interest taking priority over equivalent interests of successor trusteesWhether trustee’s indemnity extending to costs of proving claim against insolvent trust
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