Document background
A Resolution By Trustees is a crucial governance document used in German trust administration when trustees need to formally document their decisions and actions. While Germany doesn't have a dedicated trust law like common law jurisdictions, trust arrangements (Treuhand) are governed by principles derived from the German Civil Code (BGB) and commercial law. This document is essential when trustees need to make significant decisions about trust assets, beneficiary distributions, investment strategies, or administrative changes. The resolution format ensures compliance with German legal requirements and provides evidence that trustees have exercised their duties properly. It's particularly important for audit trails, regulatory compliance, and protecting trustees from potential liability. The document includes detailed information about the decision-making process, supporting rationale, and confirmation of authority under German law.
