EU POLICIES REGARDING THE DEVELOPMENT OF TRUST-LIKE DEVICES - RECENT CHALLENGES, ACHIEVEMENTS, PROSPECTS AND TERMINOLOGICAL INSIGHTS
Journal Title: CES Working Papers - Year 2016, Vol 8, Issue 1
Abstract
“Trust” is a versatile instrument which is suitable for a great variety of purposes. Many scholars believe, that the original form of this institution appeared in common law, while in the 20th century the process of globalization stipulated the “internationalization” of the trust mechanism. The starting point of this process was the conclusion of the Hague Convention on the Law Applicable to Trusts and on their Recognition. Initially, the civil law jurisdictions were unable to adopt “trust” structure in which common-law power and equity power belonged to separate entities. Despite this fact, in the recent years, trust-like devices have been introduced in certain economic-juridical systems of Europe. Their rapid implementation raised the question of the establishment of innovative policies. This paper will discuss the latest achievements and existing challenges based on the example of the German juridical-economic system. The aim is to make useful proposals for the successful planning of the European entrusting processes.
Authors and Affiliations
Irina GVELESIANI
Keywords
Related Articles
- EP ID EP106903
- DOI -
- Views 98
- Downloads 0
THE CREATION OF THE FREE EXCHANGE ZONE– A STEP TOWARDS INTEGRATION OF THE REPUBLIC OF MOLDOVA TO THE EUROPEAN UNION
The trade of the Republic of Moldova in a large extent depends on the exports and imports to/from the European Union. The EU enlargement phenomenon is placing the Republic of Moldova on a favorable position, if speaking...
FEATURES OF LOGISTIC SYSTEM ADAPTIVE MANAGEMENT
The study presents literature survey on enterprise logistic system adaptive management place and structure in the general enterprise management system. The theoretical basics of logistic system functioning, levels of its...
THE INFLUENCE OF THE CONNECTIONS OF ROMANIAN NON-LISTED FIRMS TO TAX HAVENS ON THEIR PROFITABILITY
The offshore entities have become one of the most efficient solutions for tax avoidance and are used by taxpayers almost all around the world. This paper investigates the influence of the connections (via subsidiaries or...
CONSIDERATIONS ON EUROPEAN POLICY OF RESEARCH, DEVELOPMENT, INNOVATION. CASE OF ROMANIA
The evolution of the European policy in the field of research, development, innovation reflects the maturity process of the European construction, through the very understanding of the particular role of knowledge in eco...
COMMUNICATING ACROSS THE BORDER. A EUROPEAN EXPERIENCE FROM WESTERN ROMANIA
The present article analyzes the challenges faced by the European Union in its endeavour of implementing and developing cross-border cooperation as a means for reconciliation and regional development. It also presents th...