论信托的合并与分立--基于比较的视角

信托的合并与分立属于信托变更范畴，具有降低管理成本、提升管理效率和实现规模经济等效用，在域外民事信托和商事信托中得到了广泛的运用。由于信托的合并与分立关系到受益人、信托债权人等利害关系人的利益，比较法上多比照公司合并与分立时的规定，规定相应的通知公告、异议程序。中国《信托法》第5章不仅未规定信托变更的一般条款，也未在此基础上对信托合并、分立予以规范，未来应予完善，以适应信托效率化的需求。

On Merger and Split of the Trust:a Comparative Perspective

The merger and split of a trust belong to the category of trust variation .With the effects of reducing man-agement cost , enhancing management benefit and realizing scale economic benefits , they have been widely applied to foreign-related civil and commercial trust .Since the merger and split always concern the interests of beneficiary , trust creditor and other interested parties , in comparative law its notification and challenge procedures are always stipulated according to the rules of company merger and dismantlement .Chapter Five of China’ s Trust Law has not included the general provisions on trust variation let alone the regulations on its merger and split based on that , which should be perfected in the future in order to meet the demands of trust efficiency .