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.Article 51 - A Flexible Tool |
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Tuesday, 03 August 2010 13:18 |
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Article 51 - A Flexible Tool
- The role of trustee, particularly a corporate professional trustee, is becoming ever more burdensome. The onerous fiduciary duties to which trust companies are subject can render them a target to be sued for breach of trust. In these circumstances trustees should be aware of the assistance potentially provided by an application made pursuant to Article 51 of the Trusts (Jersey) Law 1984, under which trustees may apply for directions as to how they should act in connection with any matter concerning the trust.
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