Fiduciary Duty

Definitie

A fiduciary duty is the highest standard of care in law. A trustee owes a fiduciary duty to the beneficiaries, meaning they must act in the beneficiaries' best interests, avoid conflicts of interest, act impartially and exercise reasonable care and skill.

Context

Deze term wordt veelvuldig gebruikt in de context van trustadministratie in Zwitserland. Het begrijpen van dit concept is essentieel voor internationale families, ondernemers en juridische professionals die truststructuren geadministreerd vanuit Zwitserland overwegen of beheren.

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