Rattee J upheld the trustees’ refusal to give reasons for a discretionary decision, on what he described as well established principles of trust law. He added: ‘Moreover, there is in my judgment sound reason for the parties to the trust instrument in the present case having conferred such a discretion on the trustee in the hope of minimising the potential for dispute and possibly litigation by various groups of employees and ex-employees, dissatisfied by an exercise of the trustee’s quantification of the amount to be transferred in a situation such as the present.’
Citations:
[1995] 2 All ER 337
Jurisdiction:
England and Wales
Trusts
Updated: 12 April 2022; Ref: scu.570866