Foreign marital property system should base on the fundamental principle of change and the law of the place where the property is situated should be applied concerning the third party's interests.

涉外夫妻财产制应以变迁论为基本规则，在涉及第三人权益时，应适用财产所在地法律。

youdao

In a couple of the pieces I have written so far I have expressed frustration with people writing about hedge funds and carried interests without acknowledging (or possibly even knowing) that they are dealing with a fundamental principle of partnership taxation not some sort of special deal for hedge fund managers.

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