Facts
The beneficiaries of four trusts (the "H Family Trusts") sought the removal of one of their cotrustees, Verite Trust Co Ltd ("Verite"), on the grounds of conflict of interest, arising from Verite's trusteeship of eight other trusts (the "J Family Trusts"). H and J (the primary beneficiaries of their respective trusts) were brothers, and their family trusts between them held 89% of the shares in the family company, which operated a successful business. The H Family Trusts owned a minority shareholding. J was the chairman and chief executive of the company.
In 2006 a dispute arose between H and J concerning the affairs of the company, which reached the point where H considered bringing a minority shareholders' petition in his own name before the English High Court....
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