Matthijs J.J. van Gaalen
Associé
Vidéos
Publié12 janvier 2023
Different types of entities lenders may encounter: Trusts
A trust is a relationship established pursuant to a document known as a trust deed, whereby one person (the settlor) conveys an asset to others (the trustees) to hold and manage that asset on behalf of certain other persons (the beneficiaries).
4
minutes de lecture
My name is Stephanie Harvey and I am a corporate/commercial lending lawyer with Gowling WLG. You are watching video one of our 'Types of Security' video series. As the name suggests, each video in this series will discuss different security that a lender should consider when putting its security package together.
A trust is a relationship established pursuant to a document known as a trust deed, whereby one person (the settlor) conveys an asset to others (the trustees) to hold and manage that asset on behalf of certain other persons (the beneficiaries).
In this video we discuss:
- Trust deeds
- Legal entity status
Watch more videos | Go to our lending resource hub
How we can help
If you have any specific questions about the points discussed or it's specific application, please reach out to our Banking & Finance Group or Matthijs van Gaalen.
About the series
Every now and again, a banker may encounter an unfamiliar legal entity. Even with more common entities such as corporations, partnerships, and individuals, the legal considerations may not be always top-of-mind for bankers. In this series, we'll address some of the essential legal considerations for various types of entities that participate in financing transactions.
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