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
Can a Trust Be a "Person"? Lessons from the New Zealand Supreme Court for Offshore Trust Practitioners
Offshore Litigation Blog
Into Perpetuity: The Grand Court Charts New Territory Under the Cayman Islands' Reformed Trust Regime
Offshore Litigation Blog
Common sense and common law: Navigating the gap between breach and loss


