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*[[Nemo dat quod non habet]] one cannot give, or delegate, a right you don’t have. | *[[Nemo dat quod non habet]] one cannot give, or delegate, a right you don’t have. | ||
This latter one ought, but does not, nix that tedious drafting construction: “neither X, ''[[nor anyone acting on its behalf]]'', may do Y”. For if, by the lights of the law, X has no right to do a thing, it follows as a matter of ineffable Latin logic that nor may any of X’s servants, [[agent]]s, [[mediocre lawyer|attorney]]s, [[nominee]]s or [[delegate]]s, unless that person happens independently to have {{sex|her}} own right to do it, conferred by some other means — in which case this stipulation will singularly fail to prevent that person from doing that thing anyway. | This latter one ought, but does not, nix that tedious drafting construction: “neither X, ''[[nor anyone acting on its behalf]]'', may do Y”. For if, by the lights of the law, X has no right to do a thing, it follows as a matter of ineffable Latin logic that nor may any of X’s servants, [[agent]]s, [[mediocre lawyer|attorney]]s, [[nominee]]s or [[delegate]]s, unless that person happens independently to have {{sex|her}} own right to do it, conferred by some other means — in which case this stipulation will singularly fail to prevent that person from doing that thing anyway. | ||
==Delegation under AIFMD and UCITS== | ====Delegation under AIFMD and UCITS==== | ||
{{Delegation vs subcontract}} | {{Delegation vs subcontract}} | ||
{{sa}} | {{sa}} | ||
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*[[Depositary]] | *[[Depositary]] | ||
*[[Prime Broker]] | *[[Prime Broker]] | ||
{{ref}} | {{ref}} |