RONOVSKÁ, Kateřina and Petr LAVICKÝ. Foundations and trust funds in the Czech Republic after the recodification of Civil Law : a step forward? Trust & Trustees, Oxford University Press, 2015, vol. 21, No 6, p. 639-644. ISSN 1363-1780. doi:10.1093/tandt/ttv053.
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Basic information
Original name Foundations and trust funds in the Czech Republic after the recodification of Civil Law : a step forward?
Authors RONOVSKÁ, Kateřina (203 Czechia, belonging to the institution) and Petr LAVICKÝ (203 Czechia, belonging to the institution).
Edition Trust & Trustees, Oxford University Press, 2015, 1363-1780.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50501 Law
Country of publisher United Kingdom of Great Britain and Northern Ireland
Confidentiality degree is not subject to a state or trade secret
WWW Repozitář MU
RIV identification code RIV/00216224:14220/15:00084406
Organization unit Faculty of Law
Doi http://dx.doi.org/10.1093/tandt/ttv053
UT WoS 000360354300010
Keywords (in Czech) nadace; nadační fond; svěřenecký fond; občanské právo
Keywords in English foundation funds; foundations; trust funds; civil law
Tags rivok
Tags International impact, Reviewed
Changed by Changed by: Mgr. Petra Georgala, učo 32967. Changed: 22. 7. 2020 14:17.
Abstract
Although the major social and political changes happened more than 25 years ago, the Czech Republic is still in a ‘transformation stage’ of its legal system. The New Civil Code, in effect from 1 January 2014, has introduced new possibilities in the area of administration of assets, giving rise to a whole range of legal instruments: foundations (‘nadace’), foundation funds (‘nadační fond’), trust funds (‘svěřenský fond’), and additional legal forms of an obligatory nature. The norms of international private law have also enabled the recognition of foundations, trusts, and similar foreign trust-like structures in the Czech Republic. This article briefly outlines the fundamental characteristics of the new legal framework and summarizes first reactions, based on experience with the new regulation.
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