Mistakes happen but the court is here to help – Bermuda court sets aside trustee’s tax-blind distribution

In Conyers Trust Company (Bermuda) Limited (as trustee of the First Trust) v The Protector of the Second Trust, the Supreme Court of Bermuda exercised its power to set aside a trustee’s mistaken exercise of its fiduciary powers to unwind a transaction which would have resulted in unintended tax implications.

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