FRENCH “ FIDUCIE ”, LATVIAN “ TRUST ” AND ROMANIAN “ FIDUCIA ” (CONCEPTUAL AND TERMINOLOGICAL DIFFERENCES)

Abstract

An “all-embracing” process of globalization stipulates the formation of today’s globe. It enters different spheres of life and facilitates the uniformity of economy, law, politics, language and even, cultural life. In the framework of globalization, drastic changes can be seen in the legal systems of some European countries. The given research tries to answer the demands of the modern epoch. It describes the process of the emergence of the European modifications of “trust”, singles out major concepts presented in the Latvian, Romanian and French trust mechanisms and underlines their significance in today’s world. The given research is a presentation of the new outlook of the development of “trust-like” institutions of some European countries.