The general principle is that a trustee has a basic right to be indemnified out of the trust fund for expense or liabilities properly incurred on behalf of the trust.
The question supposes that arbitration is sick. In the case of Domestic English Arbitration, it has been ailing for some time. The Arbitration 1996 (“the Act”) is a good statute. It was meant to cure arbitration in England and Wales. It didn’t.
A declaration of trust is a legal document that can be used by tenants in common to establish and clarify their respective interests in a property. In a tenants in common arrangement, multiple individuals own a property together, with each person having a distinct share or percentage of ownership.
We helped a technology provider to turn around a substantially delayed implementation of a major data centre / hosting contract.
A leading Midlands law firm has announced a number of promotions, including two new partners. Wright Hassall, based in Leamington, has made four promotions across the firm.
It is well known that any litigation is expensive and contesting a will is no different. If anything, inheritance claims can be more expensive than other forms of litigation due to the nature of the claim and the amount of work and investigation involved.
You may be surprised to hear that if you want to use any legal expenses insurance cover to help you fund a legal case, the insurer cannot force you to use a solicitor of their choice.
Generally speaking, courts take robust approach to adjudicators' decisions and tend to rubber stamp the vast majority when a successful party in an adjudication applies for a court order validating the adjudicator’s decision.
Whether or not you voted for Labour in the recent General Election, some of legislative changes that Labour proposes are needed.
Small and Medium Enterprises (‘SMEs’) are now able to complain to the Financial Ombudsman service about financial services.