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The next chapter is dedicated to discuss requirements of the revocatory right from a substantive law perspective.

第二章是从实体法的视角论述信托受益人撤销权的要件。

The analysis of the requirements is based on articles 22 and 49 of the Chinese trust law, and with reference to relevant legislations of other countries or regions and the system of the revocatory right of the creditor in the Chinese contract law.

本章对信托受益人撤销权要件的分析以《中华人民共和国信托法》第二十二条、第四十九条之规定为基础,并适当参照相关国家或地区的立法设计,同时借鉴合同法上的债权人撤销权制度。

Following the approach of civil law, the Chinese trust law adopts the system of revocatory right.

中国的信托法设计基本上承袭大陆法系风格,采行信托受益人撤销权制度。

The revocatory right, provided by the first paragraph, will eliminate if he has not exercised it within one year since he has actual knowledge of the reason for revocation or would have had such knowledge of it.

第一款规定的撤销权,自受益人知道或者应当知道撤销原因之日起一年内不行使的,归于消灭。

The trustee brings an action based on the revocatory right, after trial, if the disposition is revoked, it will be null and void from the beginning.

信托受益人提起撤销权诉讼,经法庭审理,对受托人的行为依法撤销的,该行为即自始无效。

A self-sustaining revolving fund set up to recapture the foreign exchange advanced within a specific period, typically 120-360 days, for use again by eligible beneficiaries.

一项靠自身维持的周转基金,设立的目的是在一定时期内,一般为120-360 天,回收预付的外汇,供合格的受益人重新使用。

Export development fund - EDF A self-sustaining revolving fund set up to recapture the foreign exchange advanced within a specific period, typically 120-360 days, for use again by eligible beneficiaries.

出口发展基金一项*自身维持的周转基金,设立的目的是在一定时期内,一般为120-360 天,回收预付的外汇,供合格的受益人重新使用。

Trust is a special legal relationship which consists of three parties such as settler, trustee and beneficiary.

信托是由委托人、受托人和受益人三方当事人组成的特殊法律关系。

However, if some material purpose of the settlor remains to be served, then the beneficiaries may not be permitted to terminate the trust.

但是,如果委托人的一些主要的目的还没有实现,受益人可能不会被允许终止信托。

A trust is created when a person transfers assets to a third party to be administered for the benefit of persons chosen by the settlor.

财产受托人应为财产受益人的利益服务,对其收益进行管理。

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