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UID:121@harvard-yenching.org
DTSTART;TZID=America/New_York:20161116T120000
DTEND;TZID=America/New_York:20161116T133000
DTSTAMP:20201027T004205Z
URL:https://www.harvard-yenching.org/events/diffusion-and-transformation-t
 rusts-england-east-asia/
SUMMARY:Diffusion and Transformation of Trusts: From England to East Asia
DESCRIPTION:\n	Masayuki Tamaruya (Professor of Law\, Rikkyo University\; HY
 I Visiting Scholar\; EALS Visiting Scholar)\n\n	\n		Chair/Discussant: Robe
 rt H. Sitkoff (John L. Gray Professor of Law\, Harvard Law School)\n	\n		
  \n	\n		Co-sponsored with the Asia Center and East Asian Legal Studies\n\
 n\n	 \n\n\n	Trust is a legal term that is notoriously difficult to define
 . Functionally\, it is an arrangement where a person (settlor) entrusts ce
 rtain assets to another (trustee) so that the latter will hold and manage 
 them for the benefit of a third person (beneficiary). The basic framework 
 of trust law was formulated by the English court\, and since the mid-eight
 eenth century\, the use of trusts has spread to a number of jurisdictions 
 around the globe with great varieties of application. This talk will explo
 re the two routes of trust diffusion. One route left England and went east
 \, round the Cape of Good Hope and onwards\, namely\, South Africa\, India
 \, Singapore and Hong Kong. The other route went west\, across North Ameri
 ca\, and then to Japan\, Taiwan and South Korea. The two routes first merg
 ed in early twentieth century Japan\, but the process did not end there. D
 uring the latter half of the twentieth century\, major trust practices flo
 urished and innovative trust legislation was passed in East Asian jurisdic
 tions\, with mainland China forming one of the focal points of global evol
 ution of trust law today. The historical study will illuminate the complex
  interaction of social\, economic and geopolitical factors that shape the 
 evolution of law across jurisdictional borders.\n\n	 
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