A Practical Guide to the Transfer of Trusteeships

Foreword to the 1st edition 7
The Honourable
Mr Justice David Hayton

Table of legislation 9

Cases 13

STEP 15

1. Introduction 17
Richard Williams
Queensland Bar

2. English law trusts 21

2.1 Statutory and express powers of retirement, removal and appointment 21

2.2 Trustees' lien 29
Nicholas Le Poidevin QC
New Square Chambers

2.3 Indemnities 35
Arabella Murphy
Maurice Turnor Gardner LLP

2.4 Inspection and transfer of trust documents 43
Toby Graham
Farrer & Co
Richard Williams
Queensland Bar

2.5 Contentious cases 51
Toby Graham
Farrer & Co

2.6 Trustee indemnity insurance 55
Toby Graham
Farrer & Co

3. Bahamian law trusts 61
Theo Burrows
Higgs & Johnson

4. Bermuda law trusts 71
Craig MacIntyre
Alec Anderson
Conyers Dill & Pearman

5. British Virgin Islands law trusts 79
Christopher McKenzie
O'Neal Webster (UK) LLP

6. Cayman Islands law trusts 87
Tony Pursall
Mourant Ozannes

7. Guernsey law trusts 97
Alison MacKrill
Appleby (Guernsey) LLP

8. Hong Kong law trusts 107
Richard Norridge
Joanna Caen
Herbert Smith Freehills

9. Isle of Man law trusts 123
John Rimmer
Advocate John Rimmer

10. Jersey law trusts 127
Steve Meiklejohn
Ogier

11. New Zealand law trusts 137
John Hart
Barrister and Notary

12. Singapore law trusts 149
Yee Hoong Chua
Withers KhattarWong

13. United States trusts 159
G Warren Whitaker,
Day Pitney LLP

14. Commentary on the model precedents 171
Richard Williams
Queensland Bar
Charles Pitter
Kleinwort Hambros
Helen Ratcliffe
Judith Morris
Bircham Dyson Bell LLP

14.1 Format of the precedents and general comment 171

14.2 Overall approach to indemnities 174

14.3 Use of the precedents 175

14.4 Drafting comments on the precedents 176

14.5 Adapting the offshore precedents to suit other cases 195

Appendices 197
Precedents for the transfer of trusteeships

Appendix A 197
English law precedents
Helen Ratcliffe
Bircham Dyson Bell LLP

Appendix B 243
Bahamian law precedents
Theo Burrows
Higgs & Johnson

Appendix C 255
Bermuda law precedents
Craig MacIntyre
Alec Anderson
Conyers Dill & Pearman

Appendix D 281
British Virgin Islands law precedents
Christopher McKenzie
O'Neal Webster (UK) LLP

Appendix E 293
Cayman Islands law precedents
Tony Pursall
Mourant Ozannes

Appendix F 319
Guernsey law precedents
Alison MacKrill
Appleby (Guernsey) LLP

Appendix G 345
Hong Kong law precedents
Richard Norridge
Joanna Caen
Herbert Smith Freehills

Appendix H 357
Isle of Man law precedents
John Rimmer
Advocate John Rimmer

Appendix I 383
Jersey law precedents
Steve Meiklejohn
Ogier

Appendix J 403
New Zealand precedents
John Hart
Barrister and Notary

Appendix K 429
Singapore law precedents
Yee Hoong Chua
Withers KhattarWong

About the authors 441