Sale and leaseback schemes
The court was asked here to determine preliminary issues in 9 test cases concerning the controversial sale and lease back schemes. These schemes enabled the occupiers of property to sell their property...
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RSSCan trustees’ right to be indemnified out of trust assets for all expenses reasonably and properly incurred and to have a lien over trust assets rank in priority to a bank’s security?
Although the trustees, in this case, did not assert any general principle that a trustees’ lien for their own expenses should prevail over the bank’s registered rights as mortgagee, they asserted...
