Appleby Corporate Services (BVI) Ltd (as a trustee of the Clef Trust) v Citco Trustees (BVI) Ltd
Jurisdiction | British Virgin Islands |
Date | 2014 |
Year | 2014 |
Court | High Court (British Virgin Islands) |
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1 cases
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Ivanishvili, Bidzina and others v Credit Suisse Trust Ltd
...in breach of his equitable duty of care. [emphasis in original] In Appleby Corporate Services (BVI) Ltd v Sitco Trustees (BVI) Ltd 17 ITELR 413 (“Appleby”), the investment manager of the trust appointed pursuant to an investment management agreement was to have complete discretion in invest......
1 firm's commentaries
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Trustee Liability Issues Offshore - Discussion Paper
...of the High Court of the BVI in Appleby Corporate Services (BVI) Ltd. (as a trustee of the Clef Trust) v. Citco Trustees (BVI) Limited (2014) 17 ITELR 413. Appleby had succeeded as trustee to the Clef Trust of which Citco was the former Trustee. In conventional style, the Trustee held the s......