Security Agent/ Trustee
Security Agent and Trustee Services
At MVV Solutions Legal, we act as security agents or trustees, holding security interests on behalf of one or more beneficiaries. This role is especially advantageous when the composition of the beneficiary group is expected to change over time. It helps avoid the complexities and costs associated with repeatedly releasing and reestablishing security interests as new beneficiaries are added or existing beneficiaries transfer their interests.
Our extensive experience allows us to manage security interests across various jurisdictions, and we are well-versed in the practical aspects of this role.
Our Responsibilities as Security Agent/Trustee Include:
Holding Security Interests
We take, register, and hold security interests on behalf of creditors, ensuring that all interests are properly secured.
Document Safekeeping
We securely store original security documents and related materials, such as share certificates, safeguarding them against loss or damage.
Releasing Security Interests
Upon full repayment of debt obligations, or with creditor consent, we efficiently release the security interests, ensuring smooth transitions.
Enforcing Security Interests
We act on behalf of creditors to enforce security interests, taking necessary actions to protect their rights and interests.
Bankruptcy Participation
In the event of bankruptcy, we participate in claims processes to represent creditors and manage their interests effectively.
Distribution of Enforcement Proceeds
We handle the receipt, holding, and distribution of proceeds from enforcement actions, ensuring fair and accurate allocation.