What does hague trust convention mean?
Definitions for hague trust convention
hague trust con·ven·tion
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Hague Trust Convention
The Hague Convention on the Law Applicable to Trusts and on their Recognition, or Hague Trust Convention is a multilateral treaty developed by the Hague Conference on Private International Law on the Law Applicable to Trusts. It concluded on 1 July 1985, entered into force 1 January 1992, and is as of March 2011 ratified by 12 countries. The Convention aims to harmonise not only the municipal law definitions of a trust, but also the Conflict rules for resolving problems in the choice of the lex causae. The key provisions of the Convention are: ⁕each signatory recognises the existence and validity of trusts. However, the Convention only relates to trusts with a written trust instrument. It would not apply trusts which arise without a written trust instrument. ⁕the Convention sets out the characteristics of a trust ⁕the Convention sets out clear rules for determining the governing law of trusts with a cross border element.
Numerology
Chaldean Numerology
The numerical value of hague trust convention in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of hague trust convention in Pythagorean Numerology is: 1
Translations for hague trust convention
From our Multilingual Translation Dictionary
- laf güven sozleşmesiTurkish
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"hague trust convention." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/hague+trust+convention>.
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