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protector

This category contains 2 posts

Can a non-fiduciary owe fiduciary obligations?

In the Matter of the Piedmont Trust and the Riviera Trust powers of appointment and who can exercise them are an important aspect of both the management of a trust, and the very terms on which a trust is settled.  It is now generally agreed that  whether the powers are held by a trustee or a … Continue reading

Protector powers – fiduciary or not?

While “protectors” are not a common feature of New Zealand trusts, they are not entirely unheard of.  A protector might be described as a hybrid of a trustee and an appointor.  This is a fairly inelegant statement of the term, but hopefully it gets the idea across.  The role of the protector developed in offshore jurisdictions where it was more … Continue reading