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'Re Baden's Deed Trusts (No.2) [1973] Ch. 9'  

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Case note: 'Re Baden's Deed Trusts (No.2) [1973] Ch. 9' The Court:> 'The Court of Appeal' The Judges:> Sachs, Megaw and Stamp LJJ What are the relevant facts?> 1941 - Bertram Baden (Settlor), Chairman and Managing Director of Matthew Hall & Co Ltd, established trust fund of 5,000 shares in the company for officers and employees of the company.> Clause 9(a) of the deed directed his trustees to:> "Apply the net income of the fund in making at their absolute discretion grants to or for the benefit of any of the officers and employees or ex-officers or ex-employees of the company or to any relatives or dependants of any such persons in such amounts at such times and on such conditions (if any) as they think fit..."> 1943 - Settlor transferred a further 5,000 shares to the trustees and other shares were added later.> 1960 - Settlor dies.> 1962 - Executors told...

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