Privy council breathes new life into proper purpose rule: decision in Grand View v Wong
Podcast
The decision of the Board of the Privy Council in Grand View Private Trust Co Ltd & Anor v Wong & ors [2022] UKPC 47 has attracted significant attention for its discussion of the scope and application of the proper purposes rule. In this podcast, Toby Graham and Tom McPhail discuss the potential ramifications of the decision for trustees and advisers, including the potential impact of the decision on disclosure of letters of wishes and trustee blessing applications.
This publication is a general summary of the law. It should not replace legal advice tailored to your specific circumstances.
