Guernsey Judgment 4/2008 - In re The V Settlement

View printable version

Trusts (Guernsey) Law, 1989 (s.62) - application by the trustee for authority to make a loan to the son of the Settlor - presiding judge retired with the Jurats to consider the application - Court satisfied that the trustee's opinion that he should exercise his discretion to make the proposed loan was one which an ordinary, reasonable and prudent trustee properly instructed could have properly formed - costs of all the parties to be met out of the trust fund on the indemnity basis