El escrow is a provision made by the holder of a The heritage, known as a testator, by which he leaves his inheritance or part of it to a person so that, when a case occurs and at a specific time, he transmits the inheritance to another person or invests it in the manner indicated by the testator.
In Spain it is usually used in relation to inheritances, however in Latin America it is a more frequent financial instrument.
It is also an element present in the family business Since through a trust on the shares or social participations, we can guarantee the preservation of the family business in the descending lines. The legal limit of the second generation must be taken into account as established, the Catalan law and Civil Code.
Trust News
December 14th 2022 Due to lack of consensus, the Chamber of Deputies forwards the Public Trust project to the commission: Juan Julio Campos, from the PLD, warned that the bill had "worrying" provisions that should be reviewed Source: dailylibre.comNovember 17th 2022 Renault studies selling 28% of its shares in Nissan to a trust: Renault plans to sell 28% of the shares it owns in Nissan to a trust with the aim of equalizing the forces in each of the shareholders. And it is that the French automobile owns 43% of the shares of Nissan, while the Japanese holds 15% of the shares of Renault. Fountain: eleconomista.es
24th October 2022 Government allocates 113 thousand million pesos from the customs trust to the Army: The documents leaked by the Guacamaya group indicate that the federal government proposes that the presidential plane be operated by the Sedena. Fountain: animalpolitico.com
19th October 2022 Abinader appoints Jean Luis Rodríguez director of the RD Vial Trust: He was appointed by decree 615-22 and will be honorary Maintains his duties as director of the Port Authority Source: dailylibre.com
11th October 2022 Crédito Real prepares a trust to agree with creditors: Faced with problems due to debts with creditors, Crédito Real works on the establishment of a trust that allows it to reach agreements. Fountain: elceo.com
19th September 2022 Escrow: The trust is a legal figure in which one person gives ownership of some assets to another. These are its characteristics and the types that exist. Fountain: businessinsider.es
16th September 2022 Patagonia creator hands over company to environmental trusts: Outdoor gear company Patagonia says “Earth is now our sole shareholder” after transferring ownership of the company from founder Yvon Chouinard and his family to two nonprofits created to combat climate change Source : latimes.com
15th September 2022 The owner of the clothing brand Patagonia donates his company to the fight against climate change: Yvon Chouinard creates a trust and a non-profit organization that will own 100% of a company valued at 3.000 million dollars Source: elpais.com
August 29st, 2022 For millers, the wheat trust "is a useless tool that failed": In a statement, the Chamber of the Milling Industry (CIM) called for its "immediate elimination". Fountain: perfil.com
August 12st, 2022 BlackRock increases its interest in bitcoin: launches a trust for large clients to invest: Barely a few days have passed since BlackRock and Coinbase announced an alliance for the manager to offer its clients trading services when it has already moved to take advantage of the rebound that the big cryptocurrencies are experiencing. Fountain: eleconomista.es
August 10st, 2022 Trust will allow control over income in Qrobús: The new trust that will be operated by the IQT and Qrobús concessionaires will be made transparent, highlighted the governor, Mauricio Kuri Source: amqueretaro.com
July 19, 2022 The wheat trust in Justice: after the imputation of Roberto Feletti, the Civic Coalition asks to investigate Guillermo Hang: For the opposition deputies, the implementation of FETA, the instrument created by the Government to contain prices in the wheat chain, was an illegal act that diverted funds to Molino Cañuelas. Fountain: a24.com
July 17, 2022 They would force parents of signed minor baseball players to create a trust with 40% of the contract: The bill on the regulation of the practice of baseball in minor youth, approved during the week in the Senate, would force the pads Source: listindiario.com
July 08, 2022 Sustainable DO trust reaffirms its commitment to transform waste management in the country: In the Dominican Republic there are 240 landfills, of which 235 are open-air Source: dailylibre.com
July 01, 2022 Government will seek to settle the Trust with the BCR to expand the San José-San Ramón route • Semanario Universidad: “The Ruta 1 Trust wants to collect $10 million from Costa Ricans in a new financial structure. That is absurd,” said the Minister of Public Works and Transportation Luis Amador. Fountain: weeklyuniversity.com
June 22th, 2022 Roberto Feletti was indicted on suspicion of corruption in the wheat trust - Agritotal: Among the 160 flour mills operating in Argentina, only three adhered to the system. And of the $1.400 billion that Comercio Interior reported having paid through that trust, more than 80% would have been credited to a bank account of Compañía Argentina de Granos SA (CAGSA). Source: agritotal.com
June 10th, 2022 Digital loans: to grant more credits, they issue a trust for $334 million: Clave Creditos presented its second financial trust, which was rated AA+ by Fitch. Fountain: chronicler.com
June 02th, 2022 Molino Cañuelas defended its participation in the wheat trust: The company said that it decided to accompany the trust in order to collaborate so that the flour and its derivatives reach the table of all Argentines at a cheaper price and rejected that it has privileges for this reason. Fountain: chronicler.com
June 02th, 2022 They criminally denounced former secretary Roberto Feletti for a millionaire trust for subsidies: Deputies of the Civic Coalition asked the Justice to investigate possible crimes with million-dollar compensation for flour Source: lanacion.com.ar
May 26th 2022 Molino Cañuelas: despite the bankruptcy and its bulky debt, it received juicy funds from an official trust: The firm and Molinos Florencia, another controlled by the same group, took over most of the 1.400 million pesos of a fund for wheat Source: iprofessional.com
May 25th 2022 Senators approve the bill for the Public Trust without PLD and Fuerza del Pueblo benches: Fourteen out of 18 senators approved the Bill on Public Trust in second reading, without the participation of the Liberacion Do parties Source: listindiario.com
May 20th 2022 Energía Argentina approved the trust to build the Néstor Kirchner gas pipeline: This is the contract that will be signed with the Banco de Inversión y Comercio Exterior (BICE) to create an administration and financial trust for the Argentine Gas Development Fund (Fondesgas). Fountain: telam.com.ar
May 17th 2022 Government of Veracruz extinguished the Aquarium trust: This, after the Environment Attorney's Office closed the Aquarium for several days because it accused that there were irregularities in the place such as alleged species trafficking. Fountain: elfinanciero.com.mx
May 16th 2022 Guzmán and Wado de Pedro signed the Trust for the Development of Tierra del Fuego with Melella: HomeMinistry of Economy Guzmán and Wado de Pedro signed with Melella the Trust for the Development of Tierra del Fuego Guzmán and Wado de Pedro signed with Melella the Trust for the Development of Tierra del Fuego Share in Source: argentina.gob.ar
April 28th 2022 The Parliament of Panama approves a trust to face the rise in fuel: Panama City, Apr 28 (EFE).- The Parliament of Panama abandoned the idea of suspending the collection of the fuel tax, an initiative rejected by the Executive, and instead approved the creation of a trust to deal with the conjunctures of soaring gasoline prices like the one that is now being experienced and is causing social tension in the country. The plenary of the National Assembly (AN, Parliament), with an official majority, approved this Thursday in the third and final debate bill 808 that creates the Trust for the compensation, reduction and stabilization of the increase in the price of petroleum products . The norm must be signed by the Panamanian president, Laurentino Cortizo, for it to enter into force. In principle, this legislative initiative stipulated the suspension of the collection of the fuel tax for three months, extendable automatically. But this idea was rejected by the head of the collection office, Publio de Gracia, alleging that this would mean that the treasury would stop receiving about 15 million dollars a month. Given the situation and at the suggestion of the Ministry of Economy and Finance (MEF), the bill was modified, eliminating the tax issue and adding the creation of the trust, because otherwise the Executive would veto the law, he explained to journalists the Deputy Zulay Rodríguez, from the ruling Democratic Revolutionary Party (PRD). "We understand that the purpose is to create a trust, not to suspend the tax, which is an important advance in the conversation," De Gracia told reporters on Thursday. The AN reported that bill 808 establishes that once the trust has been set up, the Ministry of Economy must determine the source of income that will feed it so that the funds are used for the stabilization and reduction of the prices of the oil derivatives in times of crisis like the current one. Gasoline and diesel, for the first time in almost a decade, are sold above a dollar per liter in Panama, a situation that is attributed to the international situation derived from the Russian invasion of Ukraine. The Executive of President Cortizo has approved since last November subsidies for a total of 11 million dollars to carriers to lower the cost of fuel and thereby prevent a rise in fares. However, this measure has been seen as insufficient by associations of public transport drivers who have carried out work stoppages, while complaints from users about illegal increases in the cost of the ticket grow. EFE gf/dmt © EFE 2022. The redistribution and redistribution of all or part of the contents of the Efe services is expressly prohibited, without the prior and express consent of the EFE SA Agency Source: swissinfo.ch
April 08th 2022 The wheat trust advances: what are the reference prices for flour: The Ministry of Internal Commerce set the values for the different bags provided by the mills and what is the increase that may be added, by area, for the logistics cost. Fountain: infocampo.com.ar
April 06th 2022 Senate approves Pedernales trust contract in single reading: The trust agreement had 27 votes in favor of the 28 senators present Now it goes to the Executive Power for its promulgation Source: dailylibre.com
April 05th 2022 Councilors of Canelones voted for a trust promoted by Orsi for US$ 44 million: EXPRESS PROCESS With 21 votes out of 31, the Canelones Departmental Board approved on Tuesday afternoon the trust fund proposed by the mayor, Yamandú Orsi, for a total of US$ 44 million to carry out works in the department. The opposition in general did not cast their votes, but the majority… Source: elpais.com.uy
March 29th 2022 San Lorenzo confirms the agreement for the trust to build the stadium in Boedo: San Lorenzo announced the agreement for the creation of a new trust for the construction of the stadium in Boedo, where the... Source: ar.marca.com
March 22th 2022 The Government will create another trust to support the price of fruits and vegetables - Agritotal: It will be announced in the next few days. It could endow itself with some $650 million that would be used to advance purchases and increase production. Fountain: agritotal.com
March 21th 2022 Matías Kulfas spoke of the wheat trust and pointed out against businessmen: "We are going to demand that they bring prices back" | Agrofy News: The Minister of Productive Development spoke of the "war" against inflation; In addition, he warned that if there are unjustified increases, measures will be taken Source: news.agrofy.com.ar
March 21th 2022 Wenance Issues New Public Trust Series: How Did It Do?: The financial trust obtained offers for a total of $234.726.000, and achieved a cut-off rate of 36,15% (TNA) for the expansion of the business Source: iproup.com
March 18th 2022 TSE has already received the bank record of Rodrigo Chaves' controversial trust • Semanario Universidad: The National Bank initially denied the information, alleging that it was covered by bank secrecy, and delivered it after receiving a resolution from the Court declaring that the information is of public interest because it deals with apparent campaign funds Source: weeklyuniversity.com
March 12th 2022 Buying an apartment through a trust: is it convenient at a fixed price or at cost?: Inflation and construction costs are key when facing a real estate development. Advantages and risks of doing it under one modality or another Source: iprofessional.com
March 05th 2022 The Government formalized a trust for internal sales of flour and noodles: It is a compensation mechanism for companies that will have US$25 million that will be nourished by exports of wheat, corn and their derivatives Source: lanacion.com.ar
March 03th 2022 The Government agreed to create the wheat trust: This measure has the objective of regulating the prices of the internal market Source: argentina.gob.ar
February 27th 2022 How a Living Trust Helps Your Heirs After Your Death: A living trust is a key document for passing on your assets to heirs after your death. Fountain: latimes.com
February 26th 2022 The INE detected Morena a trust to buy real estate: The INE detected a millionaire trust in Morena to buy real estate. Morena has criticized the trusts. Fountain: animalpolitico.com
February 21th 2022 The Government seeks to control food inflation with a trust: what is it about and how would it serve to contain prices?: The Minister of Productive Development, Matías Kulfas, advanced the decision and assured that the tool "will provide predictability." Fountain: a24.com
January 27, 2022 The Punta Catalina trust, what for?: This opinion appreciates that the contract that creates the Punta Catalina public trust has flaws that alter mandates of laws from the Constitution of the Republic, but instead, considers that there is a regulatory framework for its constitution and management. Fountain: eldinero.com.do
January 14, 2022 What does the trust agreement for the management of Punta Catalina approved by the legislators establish?: The Chamber of Deputies approved last Tuesday the trust agreement for the Punta Catalina Thermoelectric Power Plant (CTPC) sent by the Executive Power Source: listindiario.com
December 21th 22 Sport Boys appealed and presented a trust before the Federation to avoid relegation to League 2: The 'pink' club reported that it had gone to the appeal hearing before the Licensing Commission of the Peruvian Football Federation to obtain the A License, denied in the first instance. Fountain: infobae.com
18th October 22 The rescue of SanCor: the Government assures that "the contribution of the businessmen never arrived to set up the trust": This was pointed out by Fernando "Chino" Navarro. The purpose of the instrument was to increase the level of milk processing per day and recover working capital from the cooperative Source: infobae.com
July 19, 22 They detect fraud of more than 21 billion pesos in a trust in Bahía de Banderas, Nayarit: The legal advisor of the State, Gabriel Camarena, announced that the crimes of criminal association, operations of resources of illicit origin, fraudulent administration, specific fraud, crimes committed by public servants and tax fraud could be configured. Fountain: aristeguinoticias.com
The Sancor assembly approved a trust with private investors for its rescue: An extraordinary assembly approved the admission of the firm to a trust constituted by three private investors. Fountain: ambito.com
R. Dominicana seeks a strategic partner for the tourism development of Pedernales: The Pro-Pedernales Trust has launched a call to choose a national or international company that collaborates in the advancement of tourism in the province Source: tourinews.es
More than 2.200 people will work in the works of the Canelones Municipality trust - M24: Banco República unanimously approved the formation of a trust with the Municipality of Canelones to develop works for 44 million dollars, which are added to the investment per year with its own funds, of 19 million dollars. In principle, the interest rate discussed was 7%, but it was confirmed at 4%. ... Fountain: m24.com.uy
SanCor cannot get out of its labyrinth: trust stopped and without government funds: Despite the fact that the union threatened with forceful measures, for the moment it would not advance with a strike. The firm does not get resources to get afloat. Fountain: ambito.com
How to create a trust for your pets: When it comes to your pet's future, if something happens to you, you better be prepared for the unexpected. Learn how a trust can help. Fountain: aarp.org
Real estate trust and its impact on the Mexican market: Real estate trust and its impact on the Mexican market Mexico is a country rich in culture, tradition, and its people, and it is also considered one ... Source: 14ymedio.com
The Government formalized the wheat trust but discontent grows over the set price: The rejection of the sector has been manifested on several occasions but there is a crucial point: as stated in the annex to the resolution, the price of wheat in the trust will be $23.000 per ton, a notable difference compared to its value in Rosario. Fountain: ambito.com
Patagonia: they donated the brand to combat climate change: Fountain: ambito.com
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