The introduction of the legal design of trust property as a way of ensuring the fulfi llment of the obligation in the civil law of Ukraine was carried out to fulfi ll the obligations assumed by Ukraine under the Association Agreement between Ukraine, on the one hand, and the European Union, the European Commonwealth for Atomic Energy and their member States, on the other, in particular – the Implementation of the Directive 2002/47/ЕU of the European Parliament and the Council of the European Union, which defi nes fi nancial security arrangements that are based on the full transfer of ownership of fi nancial security.Taking into account the European integration aspirations of Ukraine, the consolidation in Chapter 49 of the Civil Code of Ukraine, which has the name «Enforcement of the Obligation» of such a method of enforcement of the obligation as the trust property law is certainly an important event. However, in terms of civil law theory in general and compulsory law in particular, the feasibility of such an institution raises some doubts, and the fact of the institution raises questions, the answers to which are being sought within the framework of the study. The purpose of the article is to defi ne the characteristics of the trust property law as one of the ways to ensure compliance with the obligation in the Civil Law of Ukraine.In order to achieve this goal, the authors analyze the legal design of trust property from the point of view of the public teaching on real and binding rights, study the specifi cs of legal relations that arise in the case of the conclusion of a contract on the establishment of trust property (in accordance with the requirements of § 8 of Chapter 49 of the Civil Code of Ukraine), and identify problematic aspects of the legal regulation of the relevant social relations.In the article it is proved the conclusion that individual pricing of sale of an object of confi dential property will not be coordinated with the provisions of the Law of Ukraine «On the Assessment of Property, Property Rights and Professional Estimated Activity in Ukraine» (regarding instructions of rather obligatory evaluating property). It is also noted that the implementation of the provisions of article 5978 of the Civil Code of Ukraine may lead to violation of the debtor’s rights in terms of non-conformity with the sale price of the actual value of the asset, as the creditor is interested in selling the asset more quickly at a price that is equal to the debt, because everything that is above that, it will have to return the debtor.In addition, the article deals with issues related to the mechanism of enforcement by the trustee of the claim on the object of trust. In particular, the content of article 5978 of the Civil Code of Ukraine is analyzed, according to which condition of acquisition by the debtor of the right of overwhelming purchase of the object of trust is payment of a monetary amount to the deposit account of the notary. The establishment of such a rule in the Civil Code of Ukraine causes an unequal position of the debtor with respect to any other buyers who can acquire property and choose any other method of calculation than the deposit amount in the deposit account of the notary.The situation is complicated by the fact that the debtor is granted only 5 days (from the date of receipt of the message on sale of the object of trust) to pay the amount to the deposit account of the notary.
Read full abstract