The effect of an arbitration clause on the third party concerns real principals, agent or trustee, assignee, consolidation, heritage and related parties or related agreements.

仲裁条款对第三人效力涉及到实质本人、代理或受托、转让、合并与分立、继承、关联方与关联协议等情形。

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The trust legal relation includes the tripartite party: client, trustee and beneficiary.

信托法律关系包括三方当事人：委托人、受托人和受益人。

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In the trust relationship, trustee is the most important party, which beneficially relates to achievement of the objectives and the success or failure of trust operation.

信托受托人是信托关系中最重要的当事人，它关乎信托目的的实现和信托事务运作的成败。

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What institution will play the role of the third party "trustee bank" under this framework agreement?

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In the Refco case, the Bankruptcy Trustee brought claims against more than one third-party advisor.

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Griesa also ruled that any party aiding Argentina in making payments that excluded the holdouts, including trustee Bank of New York Mellon, were legally liable.

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