Publication details
Foreign trusts in the Czech Republic: mostly recognized and (sometimes) registered
| Authors | |
|---|---|
| Year of publication | 2020 |
| Type | Article in Periodical |
| Magazine / Source | Trusts & Trustees |
| MU Faculty or unit | |
| Citation | |
| Web | Repozitář MU |
| Doi | http://dx.doi.org/10.1093/tandt/ttaa041 |
| Keywords | Private Law; recodification; Czech Republic; Trust Fund; Registry of Trust fund; Trust;Registry of UBO |
| Attached files | |
| Description | In connection with the recodification of private law in effect from 2014, several innovations have appeared in the Czech legal system. Among them were trust funds, i.e. Czech trust-like instruments, as well as rules for recognizing foreign trust structures. Although their position has significantly improved as a result, the operation of foreign trust structures in the Czech Republic still gives rise to some questions to which the current Czech law does not have any clear answers. Drawing attention to those issues, the aim of this article is to suggest some measures that can be taken in order to limit the risks arising in relation to foreign trusts. |