LCRO 69/2021 ID v KZ and UG (7 September 2023) [pdf, 327 KB]
...purported to cancel the purchase agreement; (d) the vendors resold the property; (e) the vendors then sued the complainants for a claimed overall loss suffered on resale and sought summary judgment against them; (f) the purchase agreement contained a clause limiting the personal liability of any trustee who did not have an interest in the assets of the trust in the following terms: if [the trustee] has no right to or interest in any assets of the trust except in that person’s capa...