Bedell Cristin acts in €990 million trust application29 Apr 2016
Bedell Cristin (David Cadin, Nancy Chien, Ben Thorp, Rebecca McNulty) acted for the Respondent incumbent trustees in a Representation brought by putative newly appointed trustees concerning trust assets totalling approximately Euros 990 million. This was a complex application sitting at the intersection of trust law, criminal law, money laundering, and international cooperation.
The Court upheld the stance adopted by the incumbent trustees and made orders to assist them in dealing with the requests made by the newly appointed trustees. It also made an order for the incumbent trustees' costs to be met out of the trust assets.