Security Trusteeship Agreement

The agent subordinates his own interest to that of the sponsors and must act in good faith. Maltese law provides for a number of solutions related to security in commercial and private situations, both through the Civil Code and the Trust and Trustees Act (Chapter 331 of the Maltese Law). Legal developments allow for greater flexibility in security agreements, including contracts in which the agent is also a creditor, as in the case of structured finance or syndicated transactions, where assets are grouped under a trust and the security is taken over the entire pool and not across multiple assets. Investment instruments can also be grouped in the same way and securities can be collected. .

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