MaplesFS Ltd v B&B Protector Services & Ors [2022] CIFsd 58 (14 July 2022)

MaplesFS Ltd v B&B Protector Services & Ors [2022] CIFsd 58 (14 July 2022)

The court found that B&B Protector Services breached its fiduciary duties as protector of the trust, entitling MaplesFS Ltd to relief.

Citation
[2022] CIFsd 58
Parties
Applicant: MaplesFS Ltd; Respondent: B&B Protector Services; Respondent: Others
Jurisdiction
Cayman Islands
Judgment Date
14 July 2022
Procedural Posture
Commercial / Judgment
Outcome
judgment for applicant
Legal Topics
Trusts, Fiduciary Duties

Case Brief

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Parties

MaplesFS Ltd

Applicant

B&B Protector Services

Respondent

Others

Respondent

Procedural Posture

Commercial / Judgment

  1. 1 whether B&B Protector Services breached fiduciary duties as protector of trust
  2. 2 whether MaplesFS Ltd is entitled to relief

Ratio Decidendi

The court found that B&B Protector Services breached its fiduciary duties as protector of the trust, entitling MaplesFS Ltd to relief.

Court Disposition

judgment for applicant

Orders

  • B&B Protector Services to compensate MaplesFS Ltd for losses caused by breach of fiduciary duty