Offshore jurisdictions remain important centres for the establishment and administration of trusts. What should an offshore trustee do when facing the prospect of litigation with a hostile foreign party? This article will examine how a trustee can seek the court’s approval of its participation in any such litigation by ordering that the trustee be indemnified in respect of costs from the trust funds.
This article was originally published with ThoughtLeaders4 Private Client Magazine.
Related content
Offshore Litigation Blog
Post-Drelle, the BVI Court has wound up a company on the basis of a foreign judgment without prior recognition
Offshore Litigation Blog
Not so easily gagged: Cayman Court affirms high evidential threshold for the grant of interim relief against a regulated service provider
Offshore Litigation Blog
“Lifting the veil”: Eastern Caribbean Court of Appeal reaffirms limits of looking behind the corporate form