LCRO 286/2013 NL v UC (5 September 2017) [pdf, 256 KB]
...times losses have been made) and distributions/loans made with the end result that the capital value of the Trust holdings has been significantly depleted. [7] The Trust owned a property in [Address A]. Mr UL says: 3 [KX] and Mr [NL] wanted more privacy and a place of their own and tensions developed as a result. Eventually both [KX] and [BX] approached me in my capacity as Trustee and advised me that the [Address1] property was to be “given” to [KX] so that she, [NL] and the c...