Luxembourg Council of State opinion on the private foundation bill
The Luxembourg Council of State has issued its opinion dated 29 April 2014 on the bill of law to introduce in Luxembourg the private foundation (‘the bill’). It has raised certain issues and suggested certain amendments to the bill.
On the civil law aspects of the bill, the Council of State noted that the private foundation is a sui generis legal entity that has nothing to do with the philanthropic foundation except its name…
Click on the link below to read the rest of the Wildgen briefing.
News from Wildgen
Briefings from Wildgen
Comparison between the forthcoming private wealth foundation and the philanthropic foundation in Luxembourg
This article aims at differentiating the respective characteristics of each kind of foundation and highlighting their compatibility.
On 16 July 2014, Luxembourg adopted the law concerning the compulsory deposit and immobilisation of shares and units in bearer form.