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Recent U.K. and European Financial Services Judgements

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Removal of Trustees PDF Print E-mail
Tuesday, 03 August 2010 13:03

A trustee occupies an office by virtue of which it will hold assets on behalf of another. The trustee has duties in respect of those assets – put broadly it must act in the best interests of the beneficiaries on whose behalf it holds the assets. Specifically a trustee must discharge its duties, which are set out in Article 21 of the Trusts (Jersey) Law 1984, as amended.

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