In the first of two contributions on Employee Benefit Trusts Gregory Morris considers the practical implications for trustees of this recent Chancery decision (taken from Issue No 20 – July 2002). The aggregate value of all the financial arrangements which are in the care of the Association`s members is well in excess of £1 trillion.
Although the recent case, Alan David Cameron v M & W Mack (ESOP) Trustee Limited1, was decided by reference to the construction of the relevant documents and a principle of trust law, it raises issues which may be of practical concern for many trustees of employee benefit trusts.
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The Trust Quarterly Review is published in partnership with STEP, it discusses matters of interest to trustees and executors with a focus on the particular interests of trust corporations in mind
