BOOK
A Practical Guide to the Transfer of Trusteeships
Mr Richard Williams | Ms Arabella Murphy | Mr Toby Graham
(2017)
Additional Information
Book Details
Abstract
This text, first published by STEP in 2007 and now in its third edition, reviews the difficulties that arise on the transfer of trusteeships, particularly in respect of the negotiation of indemnities, and sets out a suggested approach. It contains:
• a core section dealing with trusts governed by English law;
• jurisdictional chapters, which explain the differences under local law for trusts governed by the laws of The Bahamas, Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Hong Kong, the Isle of Man, Jersey, New Zealand and Singapore;
• precedent deeds of change of trustee for each of those jurisdictions;
• a detailed drafting commentary;
• a U.S. commentary which outlines general principles involved in the transfer of trusteeships of U.S. trusts and general tendencies among states, with a particular focus on the trusteeship laws of the State of New York; and
• a table of references listing the statutes and cases, for ease of reference.
The text is an essential reference work for any legal practitioners, trust company professionals and others involved in advising on the transfer of trusteeships.
Table of Contents
Section Title | Page | Action | Price |
---|---|---|---|
Front Cover | 1 | ||
Title | 2 | ||
Copyright | 3 | ||
Table of contents | 4 | ||
Foreword to the 1st edition | 8 | ||
Table of legislation | 10 | ||
Cases | 14 | ||
STEP | 16 | ||
1. Introduction | 18 | ||
2. English law trusts | 22 | ||
2.1 Statutory and expresspowers of retirement, removaland appointment | 22 | ||
2.2 Trustees’ lien | 30 | ||
2.3 Indemnities | 36 | ||
2.4 Inspection and transferof trust documents | 44 | ||
2.5 Contentious cases | 52 | ||
2.6 Trustee indemnityinsurance | 56 | ||
3. Bahamian law trusts | 62 | ||
4. Bermuda law trusts | 72 | ||
5. British Virgin Islandslaw trusts | 80 | ||
6. Cayman Islands law trusts | 88 | ||
7. Guernsey law trusts | 98 | ||
8. Hong Kong law trusts | 108 | ||
9. Isle of Man law trusts | 124 | ||
10. Jersey law trusts | 128 | ||
11. New Zealand law trusts | 138 | ||
12. Singapore law trusts | 150 | ||
13. United States trusts | 160 | ||
14. Commentary on themodel precedents | 172 | ||
14.1 Format of the precedents and general comment | 172 | ||
14.2 Overall approach to indemnities | 175 | ||
14.3 Use of the precedents | 176 | ||
14.4 Drafting comments on the precedents | 177 | ||
14.5 Adapting the offshore precedents to suit other cases | 196 | ||
Appendix | 198 | ||
Appendix A – English lawprecedents | 198 | ||
Appendix B – Bahamian lawprecedents | 244 | ||
Appendix C – Bermuda lawprecedents | 256 | ||
Appendix D – British VirginIslands law precedents | 282 | ||
Appendix E – Cayman Islandslaw precedents | 294 | ||
Appendix F – Guernsey lawprecedents | 320 | ||
Appendix G – Hong Konglaw precedents | 346 | ||
Appendix H – Isle of Manlaw precedents | 358 | ||
Appendix I – Jersey lawprecedents | 384 | ||
Appendix J – New Zealandlaw precedents | 404 | ||
Appendix K – Singaporelaw precedents429The | 430 | ||
About the authors | 442 |