Scotiabank &Trust (Cayman) Ltd v Cora Louise Smith Brossard & Ors [2015] CIFsd 33 (08 October 2015)

Scotiabank &Trust (Cayman) Ltd v Cora Louise Smith Brossard & Ors [2015] CIFsd 33 (08 October 2015)

The court held that Scotiabank & Trust (Cayman) Ltd did not breach its duties as trustee and was not liable for the alleged losses.

Citation
[2015] CIFsd 33
Parties
Claimant: Scotiabank & Trust (Cayman) Ltd; Defendant: Cora Louise Smith Brossard; Defendant: Others
Jurisdiction
Cayman Islands
Judgment Date
08 October 2015
Procedural Posture
Civil / Judgment
Outcome
claim dismissed
Legal Topics
Trust Administration, Banking Liability

Case Brief

Summary, issues, holding and outcome

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Parties

Scotiabank & Trust (Cayman) Ltd

Claimant

Cora Louise Smith Brossard

Defendant

Others

Defendant

Procedural Posture

Civil / Judgment

  1. 1 Whether Scotiabank & Trust (Cayman) Ltd is liable in its capacity as trustee
  2. 2 Whether the defendants breached trust obligations

Ratio Decidendi

The court held that Scotiabank & Trust (Cayman) Ltd did not breach its duties as trustee and was not liable for the alleged losses.

Court Disposition

claim dismissed

Orders

  • Claim by Scotiabank & Trust (Cayman) Ltd dismissed
  • No order as to costs