Beddoe relief where a third party claim may exhaust trust assets


(Shaun Maloney) #1

The Grand Court of the Cayman Islands has delivered an important judgment, clarifying the ability of a Cayman Islands trustee to obtain Beddoe relief when faced with a third party claim that exceeds the value of the assets currently held in trust.

In reaching this decision, the Chief Justice also addressed the scope of a third party litigant’s ability to participate in a Beddoe application and who should bear the burden of costs.

A full summary of this decision can be found at: https://www.ogier.com/publications/beddoe-relief-where-a-third-party-claim-may-exhaust-trust-assets

A Q&A with LexisNexis is at: https://www.ogier.com/publications/beddoe-relief-a-case-study-from-the-grand-court-of-the-cayman-islands