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Trusts & Trustees Advance Access originally published online on November 3, 2007
Trusts & Trustees 2007 13(10):608-610; doi:10.1093/tandt/ttm119
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© The Author (2007). Published by Oxford University Press. All rights reserved.

Use of trusts by Eastern European clients: practical issues

Alexander Alexeev*

*Alexander Alexeev, Managing Partner, GSL Law & Consulting, London.

In order to get a more sophisticated understanding of the use of trusts by the clients from Eastern Europe (primarily from Russia), it is worthwhile describing the procedure for setting up a trust with a typical representative of the ‘new wave’ Eastern European business; painting a collective portrait of Russian businessmen in 2007, and identifying the most common types, their specific features and the possible difficulties of working with this sort of client. This modest unsystematic review will help trust professionals to break through a culture shock produced by the contact with a recent extraterrestrial, and now a demanding client. This article provides an insight into most frequent queries and examines psychological aspects of behavior, business practice and, if possible, to disperse stereotypes.


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