In European legal systems, a variety of approaches to trust and relationships of trust meet the universal professionalization of asset management services. This book explores that interface in order to seek a better understanding of the legal regulation of the entrustment of wealth. Within the methodology of the Common Core of European Private Law, the volume presents cases on the establishment and termination of management relationships, obligations of loyalty and of professionalism, and the choice of law.

This book examines how fifteen legal systems of the European Union regulate relationships of trust, focusing in particular on asset management. Following the Common Core approach, legal systems are examined primarily through the discussion, by national reporters, of a series of hypothetical cases. The cases raise issues such as what happens to the client when the asset manager becomes bankrupt. There is a special focus on commercial applications such as collective investment, collective secured lending, pension funds, and securitisation.

General Editors

Mauro Bussani, University of Trieste

Ugo Mattei, University of Turin and University of California,

Hastings College of Law

Honorary Editor

Rodolfo Sacco, University of Turin

Late Honorary Editor

Rudolf B. Schlesinger, Cornell University and University of

California, Hastings College of Law

Editorial Board

James Gordley, Cecil Turner Professor of Law, University of

California, Berkeley; Editor in Chief of the American Journal of

Comparative Law

Antonio Gambaro, Professor of Law, University of Milan; Presiden

of the Italian Society of Comparative Law

FranzWerro, University of Freiburg and Georgetown University Law

Center

Rodolfo Sacco, President of the International Association of Legal

Science (UNESCO)