Tag: Trustees
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Trust Registration
Registration of Trust Introduction In New Zealand and in some countries there is no register for standard inter vivos or testamentary trusts. In respect of incorporated charitable trust boards, registration is the process that establishes such a trust board as a corporate body. As trusts otherwise do not have legal personality, there is not the…
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Bloor v. Falstaff Brewing Company
Bloor v. Falstaff Brewing Company US Ct App 1979 • Best efforts to maintain high level of sales. Trustee in bankruptcy (for Ballantine) claims Falstaff breached best efforts thus triggering the liquidated damages clause. Falstaff is keeping the beer alive so that it only has to pay minimal royalties instead of damages. Falstaff claims they…