The Trust Facing Chilean Law: An Approach from the Perspective if the "Rights Against Rights´ Theory

Understanding the common law trust has traditionally posed mayor difficulties for civilian lawyers. This article submits that, to a relevant extent, these stem from attributing excessive importance metaphors that describe as form of "double" or "divided” ownership. As an alternative, it proposes using theories explain case "rights against rights", arguing this is conceptually more precise and adequate institution Latin American audience. Based on this, analyzes some classic functional equivalents in tradition, such companies agency, two specific institutions Chilean law: pension funds investment funds.