TRUSTS - appointment of new trustee - whether corporate trustee in liquidation should be replaced as a matter of course - whether liquidator of corporate trustee has a conflict of duties to creditors and to beneficiaries - whether replacement of trustee should be declined if existing trustee's indemnity and lien is put at risk - other discretionary considerations; CORPORATIONS - corporate trustee - winding up - duty of liquidator to administer trust
Acts Cited:
Corporations Act 2001 (Cth), ss 477, 499
Trustee Act 1925 (NSW), s 70
Case Details
Citation[2004] NSWSC 607
CourtNSWSC
JurisdictionNew South Wales
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