The Bermudian Court of Appeal has handed down a landmark judgment in Grand View Private Trust Co Ltd v Wong, Wen Young & Ors, ​reversing the decision of the Bermudian Supreme Court and rejecting any limitation on the exercise of trustees’ powers ​to add and remove beneficiaries by reference to the ​so-called “substratum” of the trust. In the $560m Global Resource Trust appeal Keith Rowley QC appeared successfully for the Second Intervenor, and Robert Pearce QC and Piers Feltham were ​members of the Appellant’s and Second Intervenor’s ​respective legal teams.

You can read the full judgment here.