Abstract This article analyses Hungarian Asset Management Foundations (AMFs) as a novel civil-law response to the longstanding enforceability deficit of family constitutions. Positioned at the intersection of trust law and foundation law, the Hungarian AMF combines institutional legal personality with fiduciary obligations comparable to those of common-law trustees. Through a doctrinal examination of the AMF’s core governance instruments—particularly the Founding Charter and ancillary regulatory documents—the article demonstrates how family governance principles, succession objectives, and beneficiary rights may be transformed into binding, enforceable arrangements. The Hungarian model illustrates an emerging convergence between trust-based fiduciary governance and foundation structures, offering valuable comparative insights for trust and private wealth scholarship.
Ákos Menyhei (Tue,) studied this question.