Walker v Stones - Should the professional trustee be worried?
Walker v Stones – Should the professional trustee be worried?
Author: Nick Shaw (2002)
Nick Shaw reviews the history of this case to date and looks at the issues
of concerns for the professional trustee
(taken from Issue No 19 – April 2002
The purpose of this article is to look at the case of Walker v Stones1 as it stands following the Court of Appeal judgement. This is a complicated case but the aspects that I am going to concentrate on deal with breaches of trust and the availability of exemption clauses for trustees in respect of any such breaches of trust together with some of the issues that arise as a result for all professional trustees.
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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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