Trusts in latin america nicolas malumian on amazoncom free shipping on qualifying offers the growing interest in investment in latin america particularly in commodities production and real estate development has increased the use of trusts as investment vehicles throughout latin america written for the english speaking practitioner. Business trusts and guarantee trusts are the most widely used kinds of trusts in latin america in the case of business trusts the basic structure is the one in which several settlors are the beneficiaries of one trust in the same proportion of the contribution as settlors which was formed to develop a project. Ical dearth of it in latin america and because latin american laws are based on the civil law tradition most english speaking practitioners and scholars are led to think that there is no actual relevance of the trust in the region nevertheless today there is an extensive use of business trusts and guarantee trusts in latin america. One example of how the trust concept has penetrated latin america is the case of costa rica the central american nation abutting the northern border of panama in 1964 costa rica adopted a trust enabling law 2 although costa rican trusts are not widely utilized they are in fact recognized vehicles in costa rica a second example is panama. The growing interest in investment in latin america particularly in commodities production and real estate development has increased the use of trusts as investment vehicles throughout latin america
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