oa Juta's Business Law - Choose your trustee with care
|Article Title||Choose your trustee with care|
|© Publisher:||Juta Law Publishing|
|Journal||Juta's Business Law|
|Author||Francois Du Toit|
|Publication Date||Jan 2007|
|Pages||91 - 93|
The Cape High Court recently heard the matter between Stander & others v Schwulst & others (CPD (case no 6375/07 and 12461/07) unreported). In the main case the four applicants (the living major beneficiaries of the Jilelf Edwards Trust) sought the removal of the first three respondents as trustees of the trust. The three trustees then applied for an order which would permit them to draw on the trust to fund the defence of the application for their removal (called 'the costs application' by the court), which application was followed by a further application that the three trustees be granted leave to intervene jointly as a further respondent in the application for their removal (called the 'intervention application' by the court).
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