References: [1991] 3 All ER 198
Ratio: BANKING – EQUITY, TRUSTS, PROBATE ADMINISTRATOR’S POWERS OF INVESTMENT Bank as sole administrator cannot invest estate funds in its own deposits in the absence of express sanction in the trust instrument.
This case is cited by:
- Cited – John Weth and Others v Her Majesty’s Attorney General and Others CA (Bailii, [2001] EWCA Civ 263)
A charitable trust had been established. Protracted disputes had taken place, and the burden of the costs required to be apportioned. The financial practices of the charity had been informal leading to confusion, and dissension. An intervention by . . - Cited – 3 Individual Present Professional Trustees of 2 Trusts v an Infant Prospective Beneficiary of One Trust and others ChD (Bailii, [2007] EWHC 1922 (Ch))
The parties challenged under the 198 Act the right of trustees to seek a Beddoe order protecting themselves against an award of costs. . .
(This list may be incomplete)
Last Update: 18 February 2017
Ref: 183444