Trusts cross borders. When they do,real difficulties may arise. Will
the understanding of what a trust is be different in a foreign state?
Will the rights, powers and duties of the trustee and settlor be the
same? What rights will the beneficiary be able to assert? To what
extent will the trust assets be safe from the claims of creditors,
forced heirs, or third parties? Which legal system will be applied to
the trust? Within what limits? What if the trust needs to be
recognised in a state which does not have the institution of the trust
in its domestic law? The Hague Trusts Convention, enacted into English
law by the Recognition of Trusts Act 1987, seeks to ameliorate the
situation by providing harmonised choice of law rules for “trusts
created voluntarily and evidenced in writing.” It also provides for
the recognition of trusts in Contracting States. Those Contracting
States should recognise the trust, even if they do not have the
institution in their domestic law. This book is the first published in
England to devote itself to a detailed analysis of the Convention. It
is aimed at academics and practitioners; at private international
lawyers and at trust lawyers. Frequent reference is made to the
position in civil law states (especially in the Contracting States of
Italy and the Netherlands) and in other trust states, both offshore
and onshore. The Hague Trusts Convention deals with the operation of
the trust itself. It does not deal with the preliminary steps needed
to create a trust. These preliminary matters raise highly complex and
uncharted choice of law issues. Detailed discussion of these matters
is also provided, and appropriate solutions suggested.
Les mer
Scope, Application and Preliminary Issues
Produktdetaljer
ISBN
9781847310668
Publisert
2015
Utgave
1. utgave
Utgiver
Bloomsbury UK
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter