EQUITY — trusts and trustees — applications to the court for advice and authority — advice sought as to whether trustees justified in defending proceedings which impugn their appointment and resorting to trust assets to fund defence — whether impugned trustees have standing to seek advice — held, they do — where there appear to be reasonable prospects of defence succeeding — where dispute is in substance dispute between beneficiaries — whether advice should be given — held, unfair and unjust to permit trustees to have recourse to trust fund — held, advice declined.
Case Details
Citation[2014] NSWSC 321
CourtNSWSC
JurisdictionNew South Wales
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