Fiduciary Duty

Definição

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.

Contexto

Este termo é frequentemente utilizado no contexto da administração de trusts na Suíça. Compreender este conceito é essencial para famílias internacionais, empresários e profissionais jurídicos que considerem ou administrem estruturas de trusts a partir da Suíça.

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