Corpus Legal
Finance and trusts
Vehicles and security that separate the asset from the risk of the operating business.
In short
- Risk of the operating business
- The settlor's own creditor
Ring-fenced estate
The asset
What it decides
A ring-fenced estate separates the asset from the risk of the business and from the settlor’s own creditors. It is what allows a project to be financed without committing the rest of the estate, and what gives the counterparty security that can be enforced without going to court.
Scope
- Commercial trusts for asset administration
- Security trusts and real estate trusts
- Fiduciary mandates and ring-fenced estates
- Movable security and mortgages
- Contracts specific to the financial sector
- Compliance in dealings with supervised entities