Nominee directors no longer the same. Why the institution of nominees is going through a crisis - commentary by Ratmir Proskurnov, Partner at UPPERCASE LEGAL, for RBC Pro
The institute of nominee owners and directors is outliving itself; the costs of ‘trust ownership’ for beneficiaries outweigh the advantages, lawyers say. RBC investigated why the mechanisms designed to ensure the correct behaviour of nominees are not working.
The institute of nominee owners and directors is outliving itself; the costs of ‘trust ownership’ for beneficiaries outweigh the advantages, lawyers say. RBC investigated why the mechanisms designed to ensure the correct behaviour of nominees are not working.
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