MaplesFS Ltd v B&B Protector Services Ltd & Ors [2022] CIFsd 52 (14 June 2022)

The court found that the conduct of the protector was such that it was in the best interests of the beneficiaries and the proper administration of the trust to order removal.

Citation: [2022] CIFsd 52
Parties: Applicant: MaplesFS Ltd; Respondent: B&B Protector Services Ltd; Respondent: Others
Jurisdiction: Cayman Islands
Judgment Date: 14 June 2022
Procedural Posture: Civil / Judgment
Outcome: application granted
Legal Topics: Removal of Protector, Trust Administration

Trust Law Company Law Removal of Protector Trust Administration

Case Brief

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Parties

MaplesFS Ltd

Applicant

B&B Protector Services Ltd

Respondent

Others

Respondent

Procedural Posture

Civil / Judgment

Legal Issues

1 Whether the protector should be removed from office under the trust
2 Whether the conduct of the protector justified removal

Ratio Decidendi

The court found that the conduct of the protector was such that it was in the best interests of the beneficiaries and the proper administration of the trust to order removal.

Court Disposition

application granted

Orders

Protector removed from office
Costs to be determined