Ground-breaking case could help trustees override drafting mistakes

clock • 2 min read

Schemes have been urged to take advantage of an obscure procedure to amend scheme rules easily after the High Court backed trustees seeking to ignore drafting errors in their trust deeds.

Section 48 of the Administration of Justice Act allows trustees to apply to the court to request authority to address questions regarding the drafting of trust deeds and rules. It does not requi...

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