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Cases :
KINGATE v. KNIGHTSBRIDGE FUND
[2009] CA (Bda) 17 Civ
The subscriber for shares retains the beneficial ownership of the subscription money until the shares are issued.
KINGATE v. KNIGHTSBRIDGE FUND
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MERITUS v BUTTERFIELD
[2017] SC (Bcla) 82 Civ
A retiring trustee has no right to retain trust assets to cover contingent liabilities.
Kawaley CJ.
MERITUS v BUTTERFIELD
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Re F TRUST
[2015] 18 ITELR 461
The “Rule” in Hastings-Bass is alive and well in Bermuda.
Re F TRUST
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RE THE AQ REVOCABLE TRUST
[2010] SC (Bda) 40 Civ
A lot of superstition has grown up about trusts with reserved interests to settlors. The judgment here, though it says nothing new, is a useful reminder that a valid trust can be created even though the settlor retains powers or is the sole trustee, but there comes a point – as here – where the reality is that no trust is created .
RE THE AQ REVOCABLE TRUST
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Re X Trusts
[2021] SC (Bda) 72 Civ
Protector’s power to withhold consent exercisable only to ensuring trustees act within their powers.
Re X Trusts
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SCHINDLER v. GARNER & BERMUDA TRUST
Eq No 318 of 1991/4 of 1992
It is nice to see the judiciary solidly behind the offshore industry, upholding the anti-forced-heirship law. It is not clear that the Court below quite understood why; the extract here is from the judgement of the Court of Appeal, and is in robust terms
SCHINDLER v. GARNER & BERMUDA TRUST
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TRUSTEE 1 OF A-G
[2014] CA (BDA) 3 CIV
A trustee of a purpose trust is entitled to refuse disclosure of a document to the enforcer, on the grounds of privilege
TRUSTEE 1 OF A-G
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VON KNIERIEM v. BERMUDA TRUST & GROSVENOR TRUST
Eq Nos 154 and 162 of 1994
Are the powers of a Protector fiduciary or beneficial? The judge cites a passage from the judgement in Rawson Trust (see above) but comes in this case to the opposite conclusion.
VON KNIERIEM v. BERMUDA TRUST & GROSVENOR TRUST
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WONG v GRAND VIEW PRIVATE TRUST CO LTD
[2019] SC (Bda) 37 Com
The power to amend the trust deed does not give the holder the right to change it radically.
WONG v GRAND VIEW PRIVATE TRUST CO LTD
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