Petróleo e Gás

Letra S


Terminologia Offshore Comercial

Securities. Shares and debt obligations of every kind, including options, warrants, and rights to acquire shares and debt obligations.

Settle. To create or establish an offshore trust. Done by the settlor (offshore term) or the grantor (U.S. and IRS term).

Settlor. One (the entity) who (which) creates or settles an offshore trust.

SIPC. The Securities Industry Protection Corporation. Provides up to $500,000 insurance protection for your U.S. stock brokerage account.

Situs or site. The situs is the domicile or dominating or controlling jurisdiction of the trust. It may be changed to another jurisdiction, to be sited in another country or U.S. state.

Societe Anonyme (SA). A limited liability corporation established under French Law. Requires a minimum of seven shareholders. In Spanish speaking countries, it is known as the Sociedad Anonima. Important characteristic of both is that the liability of the shareholder is limited up to the amount of their capital contribution.

Sparbuch. An Austrian numbered savings account.

Special custodian. An appointee of the trustee in an APT.

Special investment advisor. An appointee of the trustee in an APT.

Statute of Limitations. The deadline after which a party claiming to be injured by the settlor may (should) no longer file an action to recover his or her damages.

Statutory. That which is fixed by statutes, as opposed to Common Law.

Stiftung. A Liechtenstein form of private foundation.