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Could you please elaborate on the possibility of establishing a trust in Germany? It seems that while the legal framework does not formally acknowledge the concept of trusts, there are workarounds such as the establishment of a trustee company that operates analogously. Could you explain how such a company differs from a traditional commercial enterprise and how it functions in lieu of a formal trust structure? Additionally, are there any specific legal requirements or regulations that need to be adhered to when pursuing this alternative route? Thank you for your assistance.
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