by Martyn Frost FCIB, TEP Trustee Manager, Barclays Bank Trust Company Limited (From Issue 5, July 1998)
With the substantial recent growth in both numbers and value of professional negligence claims it is not surprising that many professionals have started to look at ways of limiting their potential liabilities for work undertaken. One method is the use of the exoneration or indemnity clause and a second is “capping” of potential liability. Both of these areas are currently coming under scrutiny
Professional advisers, such as auditors, attempt to limit liability for reports produced
Professional trustees them-selves seek to limit liability for their actions in acting as trustee.
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The Trust Quarterly Review is published in partnership with STEP, it discusses matters of interest to trustees and executors with a focus on the particular interests of trust corporations in mind
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