29 Apr 2020
RE A TRUST KNOWN AS THE MATTINGLEY AND SHENTON SETTLEMENT (THE “TRUST”)
- Citation
- [2020] HKCFI 673
- Court
- Court of First Instance
- Case number
- HCMP181/2020
Given the long-standing inability to identify trust terms, settlor or beneficiaries and the impracticability of administration by current trustees, the court ordered trustees to transfer the shares to the Registrar and pay the balance of the trust fund into Court under s62 Trustees Ordinance, discharged the trustees upon completion of those acts, refused to grant a general release from personal liability, and awarded taxed trustee costs of HK$190,000.