What are the duties of trustees and the exercise of fiduciary powers in insolvent situations? What sort of insolvency regime, if any, should apply? What is the impact on insolvent trusts and the order of priority for creditors? How does the US deal with insolvent trusts, as referred to in Investec v Glenalla?
Justin Harvey-Hills, Mourant Ozannes, Jersey
Nicole Mann, McDermott Will & Emery, USA
Bernadette Carey, Carey Olsen, Cayman Islands