Source: All England Reporter
Publisher Citation: [1999] All ER (D) 1524
Court: Chancery Division
Judge:

Hart J

Representation Jules Sher QC and Anthony Taussig (instructed by Charles Russell) for the claimants.
  Mark Herbert QC and Simon Taube(instructed by Herbert Smith) for the first defendant.
  Alan Steinfeld QC (instructed by Travers Smith Braithwaite) for the second and third defendants.
Judgment Dates: 20 December 1999

Catchwords

Settlement - Trustees - Powers of trustees - Settlement empowering trustees to convert trust fund into money subject to proviso not to dispose of shares in company held by trustees under settlement unless special circumstances arose making it desirable to do so - Whether proper exercise of trustees' powers to sell shares.

The Case

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