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UK Judge Rules Trust Co. Directors Must Be Indemnified

Law360, London (November 24, 2017, 5:04 PM GMT) -- A Jersey-based trust manager has succeeded in its claim that it is obliged to indemnify three employees that it provided to serve as directors at a fund invested in land in Romania, according to a High Court judgment handed down on Friday.

The three employees from First Names Jersey were appointed as directors of the firm's client, Ignition Romanian Land Fund, which was liquidated in Jersey. FN Jersey’s liquidator issued a claim against the three directors, alleging that they acted in breach of duty to Ignition...
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