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Bringing trading trusts into the company line

Bringing trading trusts into the company line

Abstract

Since the late 1970s, a commercial trading vehicle, known as the ‘trading trust’, has developed. This article examines the extent to which trading trusts ought to be brought ‘within the company line’ by considering the distinction between companies and trusts, what the trading trusts are, the trustees' rights of indemnity and subrogation, antecedent transactions involving corporate trustees and the liability of directors of corporate trustees.
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