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 KC appeared successfully for the Second Intervenor, and Robert Pearce KC and Piers Feltham were members of the Appellant’s and Second Intervenor’s respective legal teams.
You can read the full judgment here.
