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The original purpose of the self-dealing rule, which dates from at least 1725 was to enable a beneficiary of a trust to avoid any transaction involving a trustee’s purchase of trust property. The rule is rooted in a fiduciary’s duty of loyalty to his or her principal and is intended to apply “whenever a fiduciary … Continue reading
The most recent decision in the long-running Lambie Trustee Limited v Addleman relates to costs on account of a judgment of the Supreme Court delivered in 1 June 2021. In that judgment as noted in the case in hand at [1] “.. with one clarification, the Courtdismissed an appeal brought by Lambie Trustee Ltd (LTL). … Continue reading
The background to Duffy J’s 2022 decision in Addleman v Lambie Trustee Limited is set out at [1] and [5] as follows: For further background see It’s mine said the trustee, all mine and Disclosure request declined. The decision raises interesting procedural questions regarding the application for the appointment of a receiver when as noted … Continue reading
Matters of Trust 