Beneficiaries Not an AOP: No Common Investment Purpose in Trust Mezzanine Funds.

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....Trust - The beneficiaries have not set up the Trust. Therefore it cannot be said that the beneficiaries have come together with the object of carrying on investment in mezzanine funds which is the object of the trust. The beneficiaries are mere recipients of the income earned by the trust. They cannot therefore be regarded as an AOP - AT....