Judgment
In re Ta‑Ming Wang Trust - Ruling
FSD 0089/2010 (ASCJ) · 2010-04-12
Application of Hastings‑Bass principle; Whether trustee (CIBC) failed to consider relevant tax consequences; Validity of dividend declaration procured by trustee; Distinction between trustee decisions and corporate directors’ fiduciary decisions; Whether directors’ decision also voidable; Trust migration; Retrospective declaratory relief
Full metadata
| Cause Number | FSD 0089/2010 (ASCJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Smellie CJ |
| Parties | In re Ta‑Ming Wang Trust - Ruling |
| Judgment Date | 2010-04-12 |
| Subject | Application of Hastings‑Bass principle; Whether trustee (CIBC) failed to consider relevant tax consequences; Validity of dividend declaration procured by trustee; Distinction between trustee decisions and corporate directors’ fiduciary decisions; Whether directors’ decision also voidable; Trust migration; Retrospective declaratory relief |
| Filename (current) | 10-04-12-Ta-Ming-Wang-Trust-In-re.pdf |