Does the dedication of assets mean a complete loss of control over these assets?

No. Czech legislation includes several instruments which enable supervision of the trustee through so-called supervision of the administration of the trust fund. According to the law, supervision is conducted by the founder of the trust fund, the beneficiaries and any other persons specified in the statute. The law also specifies what happens if there is no beneficiary or a beneficiary has not been designated. In this case, the founder appoints a person with the right to supervise the administration of the trust fund, and if he/she does not do so, then the court.

However, it is appropriate and essential to define the limits of supervision in the statute of the trust fund and specify the rights and obligations of the parties with the right of supervision.