Offshore jurisdictions remain important centres for the establishment and administration of trusts. What should an offshore trustee do when facing the prospect of litigation with a hostile foreign party? This article will examine how a trustee can seek the court's approval of its participation in any such litigation by ordering that the trustee be indemnified in respect of costs from the trust funds.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.