All articles by Federico di Cesare

Recognition of Foreign Trusts in Italy Trusts are not regulated by Italian civil law provisions. Foreign trusts (i.e. regulated by a foreign law) are recognized in Italy pursuant to the Hague Convention dated July 1st, 1985 which has been implemented in Italy in 1989. The aim of the Hague Convention is to establish common conflicts of law principles on the law applicable to trusts rather than introducing the trust concept into the domestic law of civil law countries. Tax Residency of Foreign Trusts in Italy As far as the tax aspects is...