On the Emergence and Development of the Trust Legal Institution
On the Emergence and Development of the Trust Legal Institution

Summary/Abstract: In the history of law, the English institution of the trust is one of the most original institutions of the private law. A jurist who studies and deals with legal systems based on the traditions of Roman law applies the principle of the numerus clausus of property rights. Therefore, in the theory of civil law, the Anglo-Saxon institution of the trust with split ownership structure appears to be an alien concept. To understand the unique feature of the equity and the trust institution it is unavoidable to discover the historical background of these. This work aims to provide a comprehensive description of the emergence and development of the trust from the Middle Ages until the 19th century.

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