Trust Responsibility

May 29, 2014 | 2012 - 2014, News

In the recent judgment of Investec Bank Ltd v Adriaanse and Other NNO 2014(1) SA 84 (GNP), Judge Jody Kollapen found that it is the primary responsibility of a trust to satisfy itself that a contract it intends concluding (in this instance a suretyship contract) is for the benefit of the trust and its beneficiaries.