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15 Mar 2020, 12:40 pm by Bob Lawless
The SBRA trustee does not displace the existing owner/managers, but instead, works alongside them. [read post]
21 Apr 2020, 4:14 am by Florence Campbell Jones
The Court also noted that the NCA had placed significant weight on the “complex and secretive” manner in which the properties were obtained, and subsequently handled, via offshore structures and UK management companies. [read post]
23 Sep 2008, 9:54 am
Such suits, where trustees stand in the shoes of failed companies, have become a growing worry for law firms in recent years as trustees have grown more aggressive in pursuing claims.Though such suits against professionals are frequently barred on the grounds that company management is also to blame, Forlenza said many courts are following a trend of separating the interests of executives and companies.A large government role may not be all bad news for… [read post]
1 Jul 2024, 9:05 pm by renholding
Also, our focus should be on the company’s key decision-makers, not everyone. [read post]
  NSW Government passes the Crimes Amendment (Corrupt Benefits for Trustees) Act 2023 On 12 September 2023, NSW Parliament passed the Crimes Amendment (Corrupt Benefits for Trustees) Bill 2023 (NSW) (Bill). [read post]
10 Jul 2008, 12:15 pm
The allegations underlying the class action were that the Bank decided to “implement[] a plan to consolidate the trust management activities of other banks it had acquired” and led class members to believe that “their assets were being managed on an individualized basis, when in fact the assets were being invested in shares of the Nations Funds mutual fund, managed by an investment company substantially owned by the Bank. [read post]
28 Mar 2014, 7:38 am by Timothy Simeone
  Trust law, the company maintains, reinforces this distinction:  trustees must take account of a trust’s purposes, and their performance should be judged in relation to what is prudent under the particular provisions and circumstances of the trust. [read post]
8 Oct 2009, 5:01 am
Directorsare often CEOs of other companies and naturally thinkthat CEOs should be well paid. [read post]
2 Jul 2013, 11:20 am by Adam Kielich
Many trust companies absorb significant fees to manage trusts, which dwindles the value of the estate. [read post]
4 Aug 2007, 3:01 pm
As trustee she has the responsibility of managing the proceeds on his death. [read post]
1 Sep 2015, 10:27 am by Neil Burns
Trump was fortunate enough to inherit a real estate company from his father; and smart enough to build it into an empire. [read post]
26 Jul 2018, 7:14 am by Tim Sitzmann
The defendants comprise companies, purportedly all owned or managed by the same individual, operating primarily under the name “The Hockey Cup LLC. [read post]
18 Sep 2008, 10:25 pm
., corporation, limited liability company [LLC]); or create a trust, for example, and have the Trustee hold property for the Trust. [read post]
13 May 2014, 6:38 am by Joy Waltemath
The employee worked as a general manager in an employer facility and served as a trustee for the company’s retirement plan. [read post]
27 May 2015, 4:33 pm by Kevin LaCroix
  Background The Rothstein law firm bankruptcy trustee along with lead feeder fund’s bankruptcy trustee’s filed claims against Gibraltar Private Bank & Trust and certain of its directors and officers alleging that the defendants aided and abetted Rothstein in the perpetration of the Ponzi scheme fraud. [read post]
26 Apr 2021, 3:19 am by Peter Mahler
Section 8.5 of the LLC’s operating agreement, entitled “Removal of Member,” states: In the event that any Member of the Company or, for any Member which is an Entity, then in the event that any manager, officer, director, trustee, member, shareholder or beneficiary of such Member, (i) is convicted of a felony, misdemeanor or other crime (other than a minor traffic violation) (ii) engages in any act involving dishonesty or moral turpitude, or (iii) engages… [read post]
The proposed relief limits the provision of portfolio management services to certain eligible Australian users, which is a new concept and is limited to: an Australian trustee of certain superannuation funds with net assets of at least A$10 million; a person in Australia that operates a managed investment scheme with net assets of at least A$10 million; a life company operated in Australia; and an exempt public authority. [read post]