In the wake of the global financial crisis, people expected a massive surge in litigation by investors looking for someone to blame for their losses
Sadly trustees are not immune from litigation - on the contrary more and more trustees are finding themselves dragged into court proceedings.
"Family trusts are a well known possible device for trying to place assets ostensibly beyond the reach of creditors."
The much-anticipated and widely misunderstood Bribery Act 2010 came into effect on 1 July 2011.
Trustees should be cautious about embarking on litigation and may require the approval of the Court to do so.
Richard Benyon launched today a 3 month consultation in relation to the proposed new waterways charity (NWC) which the Government plans should replace British Waterways, the transformation to be effected by order made under the Public Bodies Bill once enacted.
The detailed nature of the intended transformation of British Waterways into a charitable trust became clearer yesterday (15 November) with presentations from the Waterways Minister Richard Benyon and BW's chief executive, Robin Evans, at the annual conference of the Association of Inland Navigation Authorities.
NHS charities governed by corporate trustees which are themselves NHS bodies (e.g. NHS Trusts, Primary Care Trusts etc.) are set to be affected by the International Accounting Standards 27 (IAS 27).
In the last year, Barts and The London Charity have pioneered a new constitutional framework for their charity by replacing their Section 11 trustee body comprising individuals with a corporate trustee taking the form of a company limited by guarantee.
The Health Secretary, Andrew Lansley, has made no secret that the voluntary sector will be at the heart of the Government's plans to reform the NHS, forming part of an overarching strategy to decentralise decision making.