Wildgen

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…

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