EIRP Proceedings, Vol 7 (2012)

Abstract

Of Roman origins, fiducia was under the form of a pact (the fiduciary pact) secondary to a temporary transfer of property, by which a natural person preserved the property to the benefit of the testator under a resolutory condition and during all the life of the testator; after the death of the testator the properties should be transferred either to the direct descendant, or to other person authorized by the testator by legacy.

The contemporary fiducia in the continental civil law has its origins in the English right in the specific institution in the common law of the trust, which designates the judicial rapport created by acts between the living or for a death cause from a person named founder who transfers two or more goods under the control of an administrator to the benefit of a person or for a given purpose.

The Regulation in The New Civil Code Part III, Title IV, articles 773-791, followed the pattern of the French Law no. 2007-211 in 19^th February 2007 which introduced in the French civil code, the Title XIV “On fiducia”.  The Romanian legislator took in an adapted form the provisions of the French normative act operating some important changes or additions.