Trust The Liquidators - Court Rules On Liquidators Power To Administer Trusts

Leith Ayres, Joseph Abberton and Lawrence Lee of Lavan summarise a recent decision that serves as a useful refresher as to the principles concerning whether liquidators have the power to administer trusts (of which specifically the company in liquidation is the trustee) for the purposes of the company’s liquidation and subsequent ability to disburse trust funds to pay the liquidators’ remuneration and expenses.

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