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Vol 24 No 12 Dec 19/Jan 20

Book of the Month

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Merkin and Flannery on the Arbitration Act 1996

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STEP: A Practical Guide to the Transfer of Trusteeships 3rd ed

Edited by: Richard Williams, Arabella Murphy, Toby Graham

ISBN13: 9781787421134
Previous Edition ISBN: 9780955026232
Published: August 2017
Publisher: Globe Law and Business
Country of Publication: UK
Format: Hardback
Price: £110.00

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Wildy's Book of the Month: September 2017

This text, first published by STEP in 2007 and now in its third edition, reviews the difficulties that arise on the transfer of trusteeships, particularly in respect of the negotiation of indemnities, and sets out a suggested approach.  It contains:-

  • a core section dealing with trusts governed by English law;
  • jurisdictional chapters, which explain the differences under local law for trusts governed by the laws of The Bahamas, Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Hong Kong, the Isle of Man, Jersey, New Zealand and Singapore;
  • precedent deeds of change of trustee for each of those jurisdictions;
  • a detailed drafting commentary;
  • a U.S. commentary which outlines general principles involved in the transfer of trusteeships of U.S. trusts and general tendencies among states, with a particular focus on the trusteeship laws of the State of New York; and
  • a table of references listing the statutes and cases, for ease of reference.
The text is an essential reference work for any legal practitioners, trust company professionals and others involved in advising on the transfer of trusteeships.

Equity and Trusts
Introduction Richard Williams Queensland Bar
English law trusts
Statutory and express powers of retirement Joseph Goldsmith 5 Stone Buildings
Trustees’ lien Nicholas Le Podevin New Square Chambers
Indemnities Arabella Murphy Maurice Turnor Gardner LLP
Inspection and transfer of trust documents Toby Graham Farrer & Co Richard Williams Queensland Bar
Contentious cases Toby Graham Farrer & Co
Trustee indemnity insurance Toby Graham Farrer & Co
Bahamas Theo Burrows Higgs & Johnson
Bermuda Alec Anderson Craig MacIntyre Conyers Dill & Pearman
British Virgin Islands Christopher McKenzie O’Neal Webster
Cayman Islands Tony Pursall Mourant Ozannes
Guernsey Alison MacKrill Carey Olsen
Hong Kong Joanna Caen Richard Norridge Herbert Smith Freehills LLP
Isle of Man John Rimmer Advocate
Jersey Steve Meiklejohn Ogier
New Zealand John Hart Barrister
Singapore Chua Yee Hoong Withers KhattarWong
United States G Warren Whitaker Day Pitney LLP
Commentary on the Model Precedents Judith Morris Bircham Dyson Bell LLP
Charles Pitter Kleinworth Hambros
Helen Ratcliffe Bircham Dyson Bell LLP
Richard Williams Queensland Bar