dog leg

dog leg
 n.β€” Β«Following the anticipated repeal of article 56, the potential liability of the directors of a Jersey PTC will not be assessed and determined in accordance with general principles. In Jersey, as elsewhere, it will therefore be appropriate for directors to be aware of the possibility of being found liable for dishonestly assisting a PTC to commit a breach of trust or, alternatively, of being found indirectly liable to beneficiaries under what is known as the “dog leg” claim.Β» β€”β€œOffshore: In good company” by Zillah Howard Legal Week Oct. 12, 2006. (source: Double-Tongued Dictionary)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

Diamond Dust (episode #1585)

Diamond dust, tapioca snow, and sugar icebergs β€” a 1955 glossary of arctic and subarctic terms describes the environment in ways that sound poetic. And a mom says her son is dating someone who’s non-binary. She supports their relationship, but...

Sleepy Winks (episode #1584)

It was a dark and stormy night. So begins the long and increasingly convoluted prose of Edwards Bulwer-Lytton’s best-known novel. Today the annual Bulwer-Lytton Contest asks contestants for fanciful first sentences that are similarly...

Recent posts