Professional trustees avoid liability for investment losses

The London High Court recently held in Daniel and another v Tee and others [2016] EWHC 1538 (Ch) that three professional trustees of a will trust were not liable for alleged losses of £1.5 million incurred by the trust due to its exposure to technological and telecommunications companies following the 'dot.com bubble' crash in 2001. Read more

London High Court defends a trustee’s right protection from costs

In Felicity Mary Mackley Blades v Richard Auberon Isaac and Christopher Allen Alexander [2016] EWHC 601 (Ch), a decision on costs handed down in March 2016, the English High Court agreed with the argument of the trustee defendants that where the trustees of a trust have acted in good faith, they should not have a costs order … Read more