Common use of Legal Risks Clause in Contracts

Legal Risks. Contagion Risk. The UCITS has the legal form of a collective trusteeship, with an umbrella structure. Each Sub-Fund constitutes a pool of assets and liabilities separate from other Sub-Funds of the UCITS, and, as a matter of Liechtenstein law, the assets of any one Sub-Fund are not available to meet the liabilities of

Legal Risks. Contagion Risk. The UCITS has the legal form of a collective trusteeship, with an umbrella structure. Each Sub-Fund constitutes a pool of assets and liabilities separate from other Sub-Funds of the UCITS, and, as a matter of Liechtenstein law, the assets of any one Sub-Fund are not available to meet the liabilities ofof another Sub-Fund. However, the UCITS may operate or have assets held on its behalf or be subject to claims in other jurisdictions which may not necessarily recognize such segregation and in such circumstances the