New Zealand: trust law review - Law Com publishes issues paper

As part of its review of the law of trusts, the New Zealand Law Commission has published a fourth issues paper titled The Duties, Office and Powers of a Trustee: see here (pdf). The paper considers, amongst other things, which duties should be considered part of the irreducible core of the trust (and therefore incapable of exclusion) and whether limits should be set on what can be achieved through the use of exemption clauses.