English to Romanian Bus/Financial Law: Contract(s) Act constitutiv/statut trust/societate administrare fiduciară

Exemplu context:
The role of the enforcer in relation to purpose trusts (known as STAR trusts in the Cayman islands) is a concept which is likely to be very familiar to trust practitioners working in offshore financial centres, but less so to those working onshore. The reason being, that enforcers are connected with non-charitable purpose trusts and, so far as English law is concerned, this concept is largely unrecognised, save for a few isolated cases. That being the case, no doubt some purist English lawyers might find it strange that anyone might attempt to deal with the role of protectors and enforcers in the same article. However, from the point of view of clients and their professional advisors who are regularly involved in setting up trust structures and professional trust companies which act as trustees it is suggested that, in a practical sense, the roles of protector and enforcer may often require similar considerations. Both roles generally exist to ensure that the trust operates in accordance with the constitutive documents and in the manner intended by the settlor and both roles usually have the potential to exercise substantial influence over the operation of the trust in question. Furthermore, both roles are likely to need to be filled by persons who have the confidence of the settlor (at least during the settlor’s lifetime).
(Sursă: https://www.step.org/tqr/tqr-february-2010/protectors-and-en...