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.
Authors
Related content
Offshore Litigation Blog
The cost of non-compliance with BVI court orders
Offshore Litigation Blog
Up Energy U-turn: Hong Kong Court of Appeal sets aside winding up order against Bermuda company
Offshore Litigation Blog
Jurisdictional issues in crypto currency disputes (Part 2): service on “persons unknown” and service by alternative means