The Law Commission's proposals on corporate trustees and insolvent trusts

In this News Alert Minter Ellison Rudd Watts summarise their view on one of the proposals. This is the proposal to make directors liable, in certain circumstances, to creditors of insolvent trusts. The proposal is discussed in the context of insolvent trading trusts, but the wording of the proposal suggests that it will apply to all trustee companies, including statutory trustee companies and companies that are trustees of wholesale funds. We also refer to some other related proposals ... READ MORE

Released by Minter Ellison Rudd Watts - 19 February 2013