Make no mistake
Robert Lindley and Tonicia Williams examine the Hastings-Bass rule on fiduciaries’ mistakes under Cayman Islands law
Key points
What is the issue?
The application of the Cayman Islands’ statutory Hasting‑Bass rule to decisions of directors and other fiduciaries.
What does it mean for me?
There is potential for an increase of applications being made in the Cayman Islands and other offshore jurisdictions with similar statutory provisions on behalf of fiduciaries not necessarily limited to trustees.
What can I take away?
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