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What is Trust Declarations for SSO and Tote Board about?

The applicants sought and were granted declarations that the Singapore Totalisator Board ("Tote Board"), as settlor of a trust established in 1989 to benefit the Singapore Symphonia Company ("SSO"), and the SSO were the only beneficiaries of the trust. This would allow them to terminate the trust under the rule in Saunders v Vautier and direct the trustees to pay the trust funds to the SSO

Author

lumin87

Language

EN