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Is The Lack Of Trusts An Impediment For Expanding Business Opportunities In Latin America?, Dante Figueroa
Is The Lack Of Trusts An Impediment For Expanding Business Opportunities In Latin America?, Dante Figueroa
ExpressO
The trust is considered one of the most useful legal structures for promoting business in the United States. In Latin America, in contrast, the trust ("fideicomiso") has been used only in limited circumstances in the commercial and financial realms. While the Anglo-American trust is an exceedingly flexible and pragmatic legal tool, the Latin American fideicomiso has been described as a rigid and outdated institution. Business and legal experts have determined that the lack of an Anglo-American-type trust in Latin America is one of the major obstacles that investors face when attempting to do business in the region. In order for …