Essay on Trust

International Trust Law (No. 69/1992) legislation facilitates the formation and administration of an international trust. The law built on the existing Cyprus trust legislation of 1995 (The Trustees Law, CAP. 193). The amendment of Cyprus trust legislation introduces innovative provisions and provides considerable incentives for the establishment of trusts in Cyprus. Furthermore, Cyprus becomes an attractive centre for international trusts. As a result, new investment opportunities have emerged. Trust is defined

or negative affective component within the dyad (Korsgaard, Brower, Lester). Jones says that “to trust someone is to have an attitude of optimism about her goodwill” and that, as a result of the trustee knowing that the trustor depends of them, the trustee will act in a manner beneficial to the relationship. Here, optimism means that a party expects a favorable outcome from the result of their trust. Multinational firms but have optimism that their partners have the competencies and the goodwill

The general rule on constitution of trusts is ‘equity will not assist a volunteer to perfect an imperfect trust’. It is apparent that subsequent case law has sought to depart from such principle by introducing various exceptions which allow incomplete gifts to be perfected. Nevertheless, there has been many criticism and debate in regards to this area of the law since it is felt on the one hand, that the scope is for exceptions is being widened too far, whilst it is argued on the other that it will

Do high levels of trust between workers and management lead to better performance? There is a direct link between a high or low level of trust between the workers and management within a corporation and the productivity growth. Corporation must be willing and prepared to make small but regular investments that are required, and there will be a high substantial return, both in material and a healthy labour management climate. There are mainly three concepts that describe the working climate within

TD Canada Trust Executive Summary After the completion of a mega-merger, TD Canada Trust seeks to reposition the brand in order to retain customers and realize steady revenue growth. To examine the investment return of the new brand campaign “comfortable banking”, Executive VP Armstrong led his team developed a “linkage analysis” system and proposed a new branch incentive plan. This essay aims to evaluate the “linkage analysis” model and its effectiveness, also to comment on the incentive plan

beneficial interest under constructive trust before quantifying the beneficial interest whereas in joint name cases, it is assumed that there is joint equitable ownership (i.e. 50:50 split) where the court only has to quantify the beneficial interest. For single name cases like Lloyds, claimant should acquire beneficial interest before it can be quantified. There are two types of common intention constructive trusts: (i) express common intention constructive trust and (ii) inferred (implied) common

Secret trusts arise where a testator explains to X that they want property to be held on trust for Y and then leaves the property to X in their Will. It is also possible that a secret trust arises where in reliance on a promise to implement the trust by X, no Will is made (Strickland v Aldridge 1804 9 Ves 516 REF1). The onus of proving a secret trust is on the person claiming that it exists, on the balance of probabilities - the 'ordinary civil standard of proof' (Re Snowden 1979 3 All ER 172 REF2)

other certainties of Intention and Subject-matter, happens to be a complex part of an express trust. The prime reasoning behind its complexities should be the 'tests' that requires to be satisfied in determining the certainty of object. This immensely varies between fixed trusts, mere powers and discretionary trusts. This essay will argue that even though different tests were deployed from the courts for trusts and powers in certainty of objects has been well served in recent decades, making it fair

I. QUESTION PRESENTED Does the language contained in Form M allow the trust it creates to qualify under I.R.C. § 2056A as a qualified domestic trust treatment? II. SHORT ANSWER Form M does not provide all of the required language needed to allow a trust to qualify for domestic trust treatment. It is missing two important portions of language needed to allow it to fulfill the qualification requirements contained in section 2056A and its accompanying regulations. First, it does not designate that the

TAXATION OF INCOME TRUSTS IN CANADA: EFFECTS ON STRUCTURE, CONDUCT AND PERFORMANCE P. L. ARYA Abstract: Income trust as a business structure became increasingly popular in Canada since 2003. Income trust structure gave companies advantage of shifting their tax burden on to the investor. The investor, on the other hand, received steady and higher than the market rate of return on invested capital and also received capital gains in the form of ‘return of capital’. When large Canadian corporations