Topic: “Trustee Applications to Court: A Proactive Method for Dealing with Difficult Situations in the Administration of Trusts”
Date: Thursday, 18 November 2021
Time: 6:00pm – 7:00pm (HKT)
* 1 Law Society of Hong Kong CPD Points applied for
About the Webinar
Trustees are often confronted by the need to make difficult decisions in the administration of their trusts. In making such decisions, they are subject to a wide range of duties, the breach of which can open them to claims from beneficiaries on various grounds. One solution may be for trustees to apply proactively to court for the court’s ruling on questions of construction of the trust or for guidance on the exercise of their powers.
By doing so, trustees can be reassured that the steps they propose to take have the backing of the court, which provides confidence to beneficiaries that the trust is being administered properly, and protection to the trustees from potential liability for breach of trust.
This webinar will consider the fundamental decision-making duties of trustees and the practical steps that trustees can take to obtain guidance of the court in the exercise of their powers.
The speaker, Andrew Lynn will cover:
- The fundamental decision-making duties of trustees
- How to bring applications to the court
- Applications for guidance on construction and other questions of law
- Applications for guidance on the exercise of trustee powers
- Recovering costs
As a supporting organisation, HKIArb’s members will enjoy the same webinar fee discount as ICC-HK members. Register before the Early Bird offer expires on 5 November 2021 to avoid disappointment!