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UK Supreme Court: trustee’s “final distribution” declaration is definitive

By Benjamin Clarke

31 October 2018

UK Supreme Court: trustee’s “final distribution” declaration is definitive iStock.com/bpperry

A trustee’s declaration that he was paying a “final dividend” under a protected trust deed in Scotland must be taken as definitive, the UK Supreme Court has ruled, even though it was “scarcely a satisfactory outcome” that the debtor later got to keep thousands of pounds of mis-sold PPI insurance compensation.