In this article, Andrew Bowen QC looks at the Court of Appeal's decision in Hawksford Trustees Jersey Ltd v Stella Global UK Ltd which illustrates in the context of a share purchase agreement the potential problems facing a party contracting with a trust where the trust's decision maker and negotiator are not the same. This article originally appeared in issue 119 of W. Green's Business Law Bulletin (August 2012) and is reproduced here with their kind permission.