Australia, June 30 -- New South Wales Land and Environment Court issued text of the following judgement on May 29:
1. These proceedings concern a charitable trust. The trustee of the trust considers that it has become impracticable, or seriously inconvenient, to carry out the trust in accordance with its objects as originally defined, and seeks to have the Court exercise its power to resettle the terms of the trust cy-pres. The application is supported by the Attorney General as protector of charities. But the Court must of course be persuaded that it is justified.
2. The trust the subject of the proceedings is known as the "Street of Dreams Martin Sharp Trust" ("the Trust"). It was established pursuant to the terms of the will of the wel...