Lionel William Burt v Liu Sheung Wong. - SC CIV 10/2004

Civil appeal - lawfulness of discretionary distributions of capital by trustees of an estate to life tenant - life tenant lent capital to eventual beneficiaries of residuary estate - whether discretionary distribution amounted to a fraud upon a power - whether trustees protected from personal liability by an exoneration clause or s73 Trustee Act 1956 - meaning of "honesty" in the context of an exoneration clause or s73 Trustee Act 1956. CA100/03 4 August 2004