This tag is associated with 2 posts

Equity as a sword upholds ruse

The Court of Appeal has upheld the High Court decision in Glover No 2 Limited v Glover Trust Limitd et ors  that a deed of bare trust that was entered into only to avoid a tax liability was a valid document and did not represent a sham. The deed of bare trust was entered into to … Continue reading

A ruse is not a sham even if it is …

This blog could equally be entitled “Distribute in haste, repent at leisure”.  It concerns a case about a relationship breakdown and some ill-conceived tinkering with trust property in an attempt to better protect some trust assets.  The means by which this tinkering was carried out included a purported distribution of trust assets to a new trust, together with … Continue reading