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Judgment · jid 5159 · pdb #3509

In the matter of the Trusts Deed between AB Jnr and Mme B v MB, Ab.B., J.de.R., K.B., J.R. - Judgment

· 2012-08-13

Trustee duty of full and frank disclosure; non‑disclosure of MV Inc negotiations; valuation of trust assets; appropriateness of discounts applied; breach of the fair‑dealing rule; availability and measure of equitable compensation; class vs personal loss; rescission vs compensation; effect of No Contest Clause; forfeiture and whether estoppel per rem judicatam bars reliance on clause; laches and acquiescence; reliance on legal advice and scope of A21 defence; quantum assessment based on actual transaction; treatment of MV Inc as non‑special purchaser; minority and illiquidity discounts; approval of 1999 exit settlement; standing of beneficiaries

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12-08-13-Trust-Deeds-In-re.pdf
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