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The main aim of the article is to study and analyze the theoretical and practical issues of the trust essence, including the Continental law system countries, and what future development could be in Latvia taking into the account practice of the another European countries. Within the process of the research Latvian and foreign legal acts were analyzed, case – law were used and literature in Latvian, English, Russian, German, French and some other languages were looked through. There are used comparative, historica...

Since the 2008 global financial crisis, there has been a wave of sovereign debt defaults and restructurings in different countries around the Globe. More than 10 countries have defaulted and restructured their sovereign debt with private creditors, including Greece, which in 2012 had the largest sovereign debt restructuring in history; also Argentina defaulted in 2014 and reached a settlement with creditors in April 2016. General Assembly of the United Nations adopted resolution “Towards the establishment of a mul...