Publication Type
Transcript
Version
publishedVersion
Publication Date
2-2024
Abstract
Ivanishvili, Bidzina v Credit Suisse Trust Ltd' ("Ivanishvili") is a landmark trust case which makes major contributions to the law on trustee's duties in a settlor reserved power trust, anti-Bartlett clauses and constraints on the trustee's right to amend the trust deed. An appeal has been allowed in part by the Court of Appeal in Credit Suisse Trust Limited v Ivanishvili, Bidzina. The Court of Appeal's decision will be considered in next year's review. The present review of this case focuses on the decision of Patricia Bergin IJ. Mr Bidzina Ivanishvili ("Plaintiff"), his wife and their three children, were the beneficiaries of the Mandalay Trust ("Trust"). It was proposed to the Plaintiff that he place his funds with the defendant, Credit Suisse Trust Ltd ("Defendant"). The Plaintiff agreed to place over US$lbn on trust with the Defendant for purposes of inheritance planning and asset holding.
Discipline
Asian Studies | Estates and Trusts
Research Areas
Private Law
Publication
Singapore Academy of Law Annual Review of Singapore Cases
Volume
24
First Page
450
Last Page
487
ISSN
0219-6638
Publisher
Singapore Academy of Law
Citation
TANG, Hang Wu and TAY, Yong Seng.
Equity and trusts. (2024). Singapore Academy of Law Annual Review of Singapore Cases. 24, 450-487.
Available at: https://ink.library.smu.edu.sg/sol_research/4583
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