“…ven though the counterparty knows that he is a trustee, as the Privy Council made clear: Investec Trust (Guernsey) Ltd v Glenalla Properties Ltd [2018] UKPC 7, [2018] 2 WLR 1465 at [59]. Lewin on Trusts makes the same point at para 21-011 and 21-012. I do not consider that the editors’ comments in the supplement on the judge’s decision…”
“…ifficult enough to have divided opinions in the Judicial Committee of the Privy Council: Investec Trust (Guernsey) Ltd v Glenalla Properties Ltd [2018] UKPC 7, [2018] 2 WLR 1465. That case decides at [61] (ii) that Article 32 does not cap a trustee’s liability; and at [79] that all it does is to limit the class of assets to which a cre…”