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
Legal Issues
- 1 Whether Scotiabank & Trust (Cayman) Ltd is liable in its capacity as trustee
- 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
Full Case Text
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