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CI Trustees Ltd v RDK and GMB - Judgment

FSD 0199/2015 (IKJ) · 2018-01-19

Validity of exercise of power to amend distribution schedule to trust deed to change sole beneficiary-capacity of settlor-legal test-burden of proof

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In the Grand Court of the Cayman Islands — Financial Services Division
Cause No. FSD 0199/2015 (IKJ)
Between
CI Trustees Ltd
- v -
RDK and GMB - Judgment
Before
Kawaley J
Judgment delivered 2018-01-19

IN THE GRAND COURT OF THE C

Reasons Circulated: 19

4 At the beginning of the trial I

• the Trust initially provided for the Set

• the Settlor returned to South

• he received advice from an in-house

of Royal Trust Corporation of Canada in February

manager still required the Settlor’s

• during a May 201

• D2 learned more about the Set

• D2’s son recommended LD as

• in July 2012

• at no point throughout his dealings with

• despite generally displaying an impressive grasp of

23 Dr PC was an attorney who

about potential side-effects surprising, bearing in

LD was a countryman of the Set

• D1 and her husband introduced the

I did not find it necessary to decide

Various cases helped to illustrate how the courts

influence the precise level of understanding required

‘...The question is not so much

• the Settlor’s May

the language used in the Settlor

attempts were made by the Trustee

progressively worsening condition such as dementia in

should have been no anxiety whatsoever about the

• Ms SD reported that the Sett

(a) July 13,

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