English to Russian Law/Patents Law (general) обязанности доверительного собственника

To demonstrate that the transaction was not procured as a result of any abuse of position the trustee will be required to demonstrate that no details were concealed, that the price obtained was fair and that the beneficiary was not required to rely entirely on the trustee’s advice. The fair dealing principle is necessary less strict than the self-dealing principles because the trustee is able to seek justification of the former by demonstrating that the transaction was not procured in bad faith. It is an unconscious aspect of the principle nevertheless that the beneficiaries are required to authorize the transaction rather than permitting the trustee to act entirely alone: this accords with the principles on authorization considered above.