Equity and trusts
Ivanishvili, Bidzina v Credit Suisse Trust Ltd' ("Ivanishvili") is a landmark trust case which makes major contributions to the law on trustee's duties in a settlor reserved power trust, anti-Bartlett clauses and constraints on the trustee's right to amend the trust deed. An...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2024
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| Online Access: | https://ink.library.smu.edu.sg/sol_research/4583 https://ink.library.smu.edu.sg/context/sol_research/article/6541/viewcontent/2023SALAnnRev450_pvoa.pdf |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | Ivanishvili, Bidzina v Credit Suisse Trust Ltd' ("Ivanishvili") is a landmark trust case which makes major contributions to the law on trustee's duties in a settlor reserved power trust, anti-Bartlett clauses and constraints on the trustee's right to amend the trust deed. An appeal has been allowed in part by the Court of Appeal in Credit Suisse Trust Limited v Ivanishvili, Bidzina. The Court of Appeal's decision will be considered in next year's review. The present review of this case focuses on the decision of Patricia Bergin IJ. Mr Bidzina Ivanishvili ("Plaintiff"), his wife and their three children, were the beneficiaries of the Mandalay Trust ("Trust"). It was proposed to the Plaintiff that he place his funds with the defendant, Credit Suisse Trust Ltd ("Defendant"). The Plaintiff agreed to place over US$lbn on trust with the Defendant for purposes of inheritance planning and asset holding. |
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