Private Foundations: Law & Practice

Subjects:

Banking and Finance, Company Law, Taxation

Contents:

1. Definition and Basic Features of Private Foundations

2. The Development of Foundations

3. The Legal Personality of Foundations in Civil and Common Law Countries

4. Basic Characteristics of Private Foundations

5. Private Foundations in Selected Jurisdictions: Liechtenstein and Panama

6. Private Foundations in Selected Jurisdictions: Antigua and Barbuda, Anguilla, the Bahamas, St. Kitts, Jersey and Nevis

7. Private Foundations in Selected Jurisdictions: Austria, Indonesia, Italy, Malta, Switzerland, Curaçao, San Marino, Seychelles and Labuan

8. Private Foundations in Selected Jurisdictions: Canada, the US, Japan, Netherlands, Spain and Sweden

9. Companies used as Private Foundations

10. The Charter and Regulations

11. The Validity of a Private Foundation

12.Foundations and Shams

13. Beneficiaries

14. The Founder and the Foundation Council

15. The Protector

16. Dissolution, Termination, Revocation and Continuance

17. Foundations and Matrimonial Litigation

18. The Assets of a Foundation

19. The International Taxation of Foundations

20. Foundations, Registered Companies and Trusts: Some Further Comparisons

21. Foundations and the Conflict of Laws

22. Private Foundations and the Hague Convention

23. Private Foundations as Obligations

24. The Uses of Private Foundations

25. Asset Protection and Foundations

26. Actions to Secure Rights Under a Foundation

27. Conclusion.

Wildy's Book of the Month: December 2011

Private foundations are being used increasingly for the preservation and management of private clients' funds. Private foundations have been introduced by legislation in financial centres where previously they were unknown.

Private foundations have similarities to trusts and companies but, as this book demonstrates, they are separate legal structures with their own advantages and pitfalls. Private Foundations: Law & Practice considers these versatile vehicles and advises how to avoid some fundamental errors which may not be perceived by simply regarding foundations as incorporated versions of trusts.

For the benefit of purchasers of Private Foundations: Law & Practice new legislation will be added, from time to time, to the Foundation Society website. Note: practitioners in the United States and Canada should be aware that the private foundations dealt with in this book have significant advantages for the founder and are different structures from the private foundations used in North America for charitable giving.

This pioneering book is essential for foundation and trust practitioners and others advising or administering assets for private or corporate clients.

• The only book on private foundations for practitioners and trust officers.
• Private Foundations: Law & Practice examines the definitions, nature and development of private foundations.
• Legislation is considered in all countries currently offering private foundations.
• Clear and accessible appraisal of the unique characteristics of private foundations.
• Discourse on how private foundations are treated in the conflict of laws and their relationship with trust and contract Conventions.
• Uses of private foundations, with comparisons on how trusts are used in similar circumstances.
• Practical aspects of private foundation practice such as taxation, liquidation and enforcement.
• Updating and supplementary information accessible on: www.foundationsociety.com for purchasers of the book.