6/5/2019
START DATE
END DATE
14-Jun-19
In the Matter of GA Settlement In the Matter of GB Settlement In the Matter of GC Settlement
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
The Supreme Court of Bermuda
CIVIL JURISDICTION
Hon. Chief Justice Hargun
Mr David Brownbill QC and Mr Keith Robinson Carey Olsen Bermuda Limited
Mr Nicholas Le Poidevin QC and Mrs Fozeia Rana-Fahy MJM Limited
FACTS OF THE CASE:
Request for variation of settlements due to obscure and unsuitable provisions alignment with founder's wishes improvement in trust administration
SUMMARY:
Whether the court should grant powers for deed variation and disapply the perpetuity rule
OUTCOMES:
Approval for deed variation and disapplication of perpetuity rule improved flexibility and administration for trusts
RULED IN FAVOUR OF:
Trustees
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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