CONVENTION ON THE LAW APPLICABLE TO TRUSTS AND ON THEIR RECOGNITION
(Concluded 1 July 1985)
(Entered into force 1 January 1992)
The States signatory to the present Convention,
Considering that the trust, as developed in courts of equity in common law jurisdictions and adopted with some
modifications in other jurisdictions, is a unique legal institution,
Desiring to establish common provisions on the law applicable to trusts and to deal with the most important issues
concerning the recognition of trusts,
Have resolved to conclude a Convention to this effect, and have agreed upon the following provisions –
CHAPTER I – SCOPE
Article 1
This Convention specifies the law applicable to trusts and governs their recognition.
Article 2
For the purposes of this Convention, the term "trust" refers to the legal relationships created – inter vivos or on
death – by a person, the settlor, when assets have been placed under the control of a trustee for the benefit of a
beneficiary......

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Title: 200mio Airline Fund
Approximate Word Count: 2278
Approximate Pages: 10 (250 words per double-spaced page)

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