Projects

Trustee Exemption Clauses

Project status: Complete

The project recommends that the trust industry adopt a non-statutory rule of practice and that this should be enforced by the regulatory and professional bodies who govern and influence trustees and the drafters of trusts. The Law Society and the Institute of Chartered Accountants in England and Wales have both introduced regulation for their members. … Read more >

Trustees’ Powers and Duties

Project status: Complete

The aim of this project was to review the law governing trustees’ powers to invest trust funds in default of the inclusion of express powers of investment in the will or trust instrument, and to consider, for England and Wales, a range of reforms, intended to facilitate more effective trust administration, including: collective delegation by trustees … Read more >

Unfair Terms in Consumer Contracts

Project status: Complete

The project This project updated and implemented a previous report on unfair terms, but only for contracts between consumers and businesses. In 2005, the Law Commission and Scottish Law Commission made recommendations to reform the law of unfair terms. The report and associated consultation paper can be found here. In May 2012, the Department for … Read more >

Unfair Terms in Contracts

Project status: Complete

In 2001, the Department of Trade and Industry asked the Law Commission and Scottish Law Commission to rewrite the law of unfair contract terms as a single regime, in clearer and more accessible language. We were also asked to consider whether the law should do more to protect businesses, particularly small businesses. The project responded … Read more >