Foundations have been in existence in Europe since the 1920s and notable jurisdictions with foundations laws include Austria, Liechtenstein, the Netherlands and Sweden. They are also to be found in Asia and Latin America, with Panama a notable foundation jurisdiction. However, as mentioned above, foundation laws are no longer seen just in civil law countries, and a number of common law jurisdictions have developed, or are in the process of developing, their own equivalents. Notable examples include the Bahamas and the British Crown Dependencies of Jersey and Guernsey.
Posted on: Tue, 22 Oct 2013 16:34:39 +0000
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