Re EM McPherson Settlement was an application to vary the terms of a family trust, seeking approval of the Court on behalf of beneficiaries who were unable to consent. The application concerned: Extension of vesting date and introduction of statutory perpetuity period...
Last week we began the final step of comparing gambling analogies to cryptocurrency. Now we continue the discussion with a focus on application to crypto. Led by Adrian Cartland. Required Reading: Carlill v Carbolic Smoke Ball Co (1892) 2 QB 484 Crypto and...
We are continuing on with our exploration of whether cryptocurrency is gambling. The simple answer can be determined by asking any 19 year old with a phone what they intend to achieve from purchasing cryptocurrency; they treat it like gambling. Of course...
We are going to consider trustees right of reimbursement for cost of legal fees incurred, legal professional privilege of the trustee, rights of beneficiaries to obtain copies of legal advice obtained by the trustees and fiduciary duties of the trustee. This will be...
We are going to examine the nature of a wagering contract and the contractual and taxation implications of each stage of the contract. Overall this is with a mind to considering whether the best characterisation cryptocurrency is as the game of chance upon which...
Manning v Purcell – Whether a gift in a Will of “money” includes the chose in action between banker and customer. With Foley v Hill we have seen the classic position that money deposited with a bank is no longer money but is instead a chose in action...
