Trust fund and its specific position within the jurisdiction of the Czech republic

Abstract

The system of the civil law applied within the territory of the Czech republic and within the territory of the Slovak republic used to share the same legal basis – The Civil code n. 40/1964. After the establishment of the independent Czech republic and independent Slovak republic, also within the civil law of these states, a several amendments and differences have occurred. One of the most significant moments representing mentioned changes was the adoption of the new czech Civil code n. 89/2012 Sb. One part of these changes was also an incorporation of the legal institute of trust funds into the legislation. The aim of this article is to introduce the reader the main aspects of trust funds, related peculiarities emphasising on practical application and considerations at the level of de lege ferenda, regarding the potential inclusion of this institute into the system of civil law of the Slovak republic.