shall be interested

English translation: have a stake

21:15 Mar 22, 2015

English language (monolingual) [PRO]
Law/Patents - Law: Contract(s) / Trust

English term or phrase: shall be interested

Apply the whole or any part or parts of the capital or income of the Trust Fund in or towards the payment or discharge of any tax duty or fiscal imposition whatsoever levied or imposed in any part of the world upon the Trustees whether legally enforceable against them or not or otherwise in respect of any other trust in which the Beneficiaries or any one or more of them ***shall be interested*** wherever such trustees shall be resident and wherever such trust is established or existing and whether governed by the laws of the British Virgin Islands or by the laws of any other jurisdiction.

Does it mean -- any other trust that has them as Beneficiaries?

Thank you in advance!

Laura Vinti KudoZ activity Questions: 377 (9 open) (12 without valid answers) (30 closed without grading) Answers: 165 United States
Local time: 19:57

Selected answer:have a stake

Explanation:
As this is an English-English question, I guess it's OK to change the register (slightly or a lot) in an attempt to clarify the meaning.

shall be interested
-->
have a vested interested (as distinct from mere curiosity)
-->
have a stake

Vested interest - Merriam-Webster
www.merriam-webster.com/dictionary/vested interest
Definition of vested interest from the Merriam-Webster Online Dictionary with ... She has a vested interest in seeing the business sold, as she'll make a profit from ...
vested interest - The Free Dictionary
www.thefreedictionary.com/vested interest
stake, interest - (law) a right or legal share of something; a financial involvement with something; "they have interests all over the world"; "a stake in the ...
Definition of “vested interest” | Collins English Dictionary
www.collinsdictionary.com › English Dictionary
British English: vested interest If you have a vested interest in something, you have a ... They're always highly dangerous because politicians, remember, have a ...

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Note added at 28 mins (2015-03-22 21:43:31 GMT)
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Oops! vested interested --> vested interest

Selected response from:

Jennifer Levey
Chile
Local time: 19:57

Grading comment

Many thanks!!
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

4 +1

are involved

David Hollywood

4 +1

have a stake

Jennifer Levey

Answers

3 mins confidence:

peer agreement (net): +1

are involved

Explanation:
I would read it like this

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Note added at 4 mins (2015-03-22 21:19:45 GMT)
--------------------------------------------------

not sure if I would go as far as to say "beneficiaries"

David Hollywood
Local time: 20:57
Native speaker of: English
PRO pts in category: 43

26 mins confidence:

peer agreement (net): +1

have a stake

Jennifer Levey
Chile
Local time: 19:57
Native speaker of:

English
PRO pts in category: 24

Grading comment

Many thanks!!

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shall be interested

English translation: have a stake

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