The French fiducie, introduced following years of debate into French law in 2007, is directly inspired by the English trust mechanism. Even though there is no significant case law supporting this, some academics have gone so far as to refer to this mechanism as “the queen of securities”. It has also been made more attractive for both borrowers and lenders as the 2014 Amending Budget Law modified the fiducie’s tax treatment, which was previously considered as unsuitable.
