May 7, 2015 16:44
9 yrs ago
1 viewer *
English term

FAIT (foreign asset income trust)

English to Romanian Bus/Financial Law: Contract(s)
Un pic de context:

As noted in our Initial Letter, the Trust has been formed as a ‘foreign asset income trust’ which is basically a trust under the laws of the Province of Ontario, Canada that ultimately holds operating assets in a jurisdiction outside of Canada.
As a trust is not technically an entity such as a corporation, Canadian trust law requires that a trustee or trustees be appointed to hold the trust’s assets. XXX (the “Trustee”) has been appointed as the trustee and earns a nominal annual fee for such appointment (see the attached notarized copy of the fee schedule). The Trustee has delegated responsibility for the administration and management of all aspects of the Trust to the Administrator and simply acts as a trustee to hold the assets of the Trust in name only, under the direction and control of the Trust Indenture and the Administrative Services Agreement.

M-am lovit de termenul ăsta într-o scrisoare trimisă de un birou de avocați din Canada, în care se explică ce e și cu ce se mănâncă și... m-am blocat. Se pare că ar fi ceva specific Canadei, o formă de organizare care nu e folosită pe la noi (probabil și motivul pentru care partea română a cerut explicațiile...) Știu că "trust" poate fi "fond fiduciar", însă aici e vorba despre un grup din domeniul energiei, cotat la bursă etc... nu sunt deloc sigură.

Any suggestions are appreciated :)
Proposed translations (Romanian)
4 +1 fond fiduciar cu plasamente in strainatate

Proposed translations

+1
22 hrs

fond fiduciar cu plasamente in strainatate

Din text rezulta ca fondurile sunt plasate in afara Canadei, deci venitul/profitul investitiei provine din strainatate.

Fondul fudiciar - Referat.ro
www.referat.ro/referate/Fondul_fudiciar_30072.html
Translate this page
Jan 28, 2013 - Cele mai frecvente fonduri fiduciare sunt facute de catre parintii care isi doresc sa acorde garantii financiare pentru copii sai in urma unui deces ..
Peer comment(s):

agree dennise
2 days 21 hrs
Multumesc
Something went wrong...
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search