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
Information Rights in Cayman Partnerships: Court of Appeal Clarifies the Limits of Section 22
Offshore Litigation Blog
Identifying wrongdoers in the crypto space: the Norwich Pharmacal and Bankers Trust jurisdictions
Offshore Litigation Blog
Three closed doors: Stevanovich and section 273 of the BVI Insolvency Act, Revised Edition 2020