Sarah Haren KC acts in dispute about interpretation of trust deed: Ludlow Trust Company Ltd v Homfray [2026] EWHC 1107 (Ch)

Judgment has been handed down in proceedings about the meaning and effect of a cross-accruer clause in a 1945 settlement deed, where the trusts of one of three shares of the fund had come to an end for want of beneficiaries.  Sarah Haren KC acted for the defendant, successfully arguing that the trusts of the other two shares were “subsisting” for the purposes of the clause notwithstanding an earlier distribution of one.   The judgment of HHJ Paul Matthews, sitting as a High Court judge in the Bristol District Registry, contains an interesting discussion of when a trust comes into being and ceases to exist. A link to the judgment is here.