A Practitioner's Guide to Trusts, 5th Edn * John Thurston LLB, Solicitor, TEP, Ed.

Text books on the law of trusts can be of two sorts. First,there is the long and erudite explanation on the theory of trustsdealing with equity and its history     

Trusts and Estates 2006/07 * Matthew Hutton MA (Oxon), Ed.

Matthew Hutton's fifth edition on the taxation of trusts andestates, one of Tottel's core tax annuals presents the law asit was     

Indemnification or fetter?

ATC took over from Rothschild as trustee to two trusts but Rothschild'srefused to relinquish the trust assets to ATC until an indemnityto its satisfaction had been provided by ATC. Because of animpasse being reached between the two trustees, ATC appliedto the Grand Court of the Cayman Islands for the court's opinionon the true construction of the trust deed. The problem came about because ATC made a reasonable pre-estimateof the liabilities, which could arise to Rothschild and offeredto undertake that ATC would withhold a certain sum of moneyand not allow the trusts funds to be depleted below that amountfor a specified period. The details of this were to be agreed.However, Rothschild said they were unable to agree to this course     

环境保护信托--环保资本运营的新亮点

环保信托是环保资本运营的新亮点。将环保与信托两者有机地结合起来,环保市场可以得到信托业的大力支持和严格规范,从而保证其良性发展。这主要因为信托具有提高环保资本运营效率的功能。环保信托的创设主要是利用信托的增值功能、保全功能、融资功能和避税功能。     

The Law of Trusts and Equitable Obligations * 4th edn, By Robert Pearce and John Stevens

The most difficult textbook to write is one on trusts and equitableobligations. The principal market for such a book must be undergraduateswho are forced to combine the study of the law of trusts withperhaps three other legal topics in one year's study. Such isthe nature of the law of trusts and equity     

论民事抗诉监督的信任保证

民事抗诉监督对司法公信力的修补,应当处理好四个方面的辨证统一关系:监督与信任的关系、既判力与再审的关系、实体判断与程序监督的关系、依存性信任与主体性信任的关系.现行宪政框架中我国检察机关的民事抗诉监督,试图通过三种渠道对司法公信力进行修补,即:再审抗诉的不得拒绝、审判监督前置对再审案件的过滤、提高一级的"上抗上审".<民事诉讼法>修正案对此进行了有益的改革,但个别规定还需进一步论证和完善.     

论我国公益信托监管机制的完善——以提升公益信托的公信力为核心

公益信托的生命力在于其公信力,因而公益信托监管机制完善要围绕提升其公信力展开。针对我国公益信托监管机制存在的问题,应从协调外部监管机制,完善内部监管机制,形成对公益信托的设立、运营及其退出监管的全程运行监管机制,以提升公益信托的公信力,促进我国公益信托事业的发展。     

论诉讼信托和讨债信托的效力——探讨《信托法》第11条第4项

我国《信托法》第11条第4项规定,专以诉讼或者讨债为目的设立的信托无效。然而,该条文是对日本《信托法》移植的结果,我国并没有禁止诉讼信托和讨债信托的理由。同时,该条文容易被规避且难以被认定,在司法实践中缺乏适用的空间。再者,该条文不仅与我国现行的诸多法律条文和制度产生冲突,而且与我国减少社会不良资产和增强我国公民法律意识、维权意识的目的相违背,故应当删除。事实上,诉讼信托和讨债信托不仅符合信托设立的要求,而且能使债权人、债务人受益,并起到减少讼累等有利效果,因此,应当承认诉讼信托和讨债信托在我国的合法地位。     

Parker's Modern Wills Precedents, 5th edn * By Michael Waterworth MA (Cantab)

Trusts set up by will, will trusts, are governed by similarconsiderations to those affecting inter vivos trusts. Frequentlyin trust textbooks the authors do not tell us that will trustshave some significant difference from inter vivos trusts. Thelatter may be set up quite informally by a mere declarationof intention and the transfer of the trust property to the trustees.But will trusts can only come about if the law relating to makinga valid will has been complied with. This tends to get overlookedunder the shadow of possible inheritance tax     

Trusts in American law and some of their substitutes in Spanish law: Introduction and Part I

This article describes how trusts are used in American law andhow Spanish law provides similar facilities for investors. Thearticle is in two parts. The first part examines, from a USpoint of view, the principal uses of trusts and the second partwill describe aspects of Spanish law that provide similar facilitiesfor investors before concluding that none of the tools availablein Spanish law fulfil all the functions of trusts and that theintroduction of a trust law into Spanish law would not be simple.     

The trust in Spanish and Italian private international law: Part I

Civil Law jurisdictions' recognition of trusts depends on theindividual conflict of law rules of each jurisdiction. The HagueConvention on the Recognition and Enforcement of Trusts intendsto bring a degree of certainty into how a foreign trust is received.However, the matter is complicated, in particular, as to thestatus granted in each jurisdiction to the convention. Thisarticle, based on a paper presented at the convention on CatalanCivil Law, ‘Los patrimonios fiduciarios y el trust’,held in Tarragona on 20 and 21 October 2005, examines the positionof trusts under the conflict of law rules in Italy and in Spainand the impact made on the recognition of trusts by the HagueConvention. This article appears in two parts; in this firstpart the position in Italy is examined and the second part concludeswith the position in Spain.     

Alternatives to trusts: a brave new world?

The UK's changes in the taxation of trusts have not inspiredconfidence in the long-term tax treatment of trusts in the UKand practitioners are considering new alternative mechanisms.The author examines the alternatives.     

Introduction

The 2007 World Trust Survey continues to present basic factsupon the law and practice of trusts in the main trust jurisdictionsand a selection of other countries where trusts exist. In the last year there have been numerous interesting developmentsand this     

衡平法、用益与信托:英国信托法的早期史概说

英美信托制源自用益制。在用益和信托的早期史上,大法官法院基于拯救受托人的良心的衡平管辖权赋予了用益和信托以法律上的保障,而衡平法从"良心到衡平"的变化通过塑造衡平权益使得信托得以制度化。     

Trusts in American law and some of their substitutes in Spanish law: Part II

The first part of this article examined, from a US point ofview, the principal uses of trusts and now this second partdescribes aspects of Spanish law which provide similar facilitiesfor investors, before concluding that none of the tools availablein Spanish law fulfil all the functions of trusts and that theintroduction of a trust law into Spanish law would not be simple.     

Public Trusts

Public, as distinct from charitable, trusts were authoritatively recognised in 1827, when the House of Lords determined that the permanent basis of equitable jurisdiction protected 'public money' from unlawful application, on the same basis as charitable funds were protected. These trusts made the relevant public functionaries subject to equitable remedies, but the remedies were displaced from equitable practice by jurisdictional fusion and by administrative audit surcharges. In the twentieth century they survived unrecognised in the ambiguously phrased 'local authority fiduciary duty to ratepayers'. Recently, public trusts have again been implicitly acknowledged, and the distinctive remedy of personal liability to make good loss arising from misapplication has been applied. However the right to litigate is confined to current fund-holders in fulfilment of their protective trust duty and to the Attorney General in the general public interest in countering unlawful appropriations of public money.     

Editorial

The changes to the UK tax rules on residence and domicile havebeen well publicized. Amongst other things, the new legislationremoves the shelter from capital gains tax which was previouslyprovided to UK non-domiciled individuals who benefited froman offshore trust. Some of the harsher (and more retrospective) aspects of thedraft legislation published in January have since been tempered.Offshore trusts will still have a role in planning for non-domiciliaries,not least because significant inheritance tax advantages remain.However, the way in which the process has been managed by theGovernment and HM Revenue & Customs leaves trustees andadvisers (still getting to grips with the 2006 changes to thetaxation of trusts) with little confidence that