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Private Foundations: Law and Practice

Private Foundations: Law and Practice

Author: Paolo Panico
Publisher: Oxford University Press
ISBN: 9780199646197
Published In: March 2014
Format: Hardback , 416 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

Details

Provides unrivalled analysis of the fundamental aspects of private foundations law and practice
Offers detailed explanation and commentary on a comprehensive range of topics, from the rights of founders to asset protection issues
Discusses the features of private foundation law and practice alongside illuminating reference to case law and legislation in a number of key civil and common law jurisdictions

Private foundations are now offered as an alternative to traditional trusts in a growing number of international financial centres and an increasing number of practitioners - in the relevant jurisdictions and elsewhere - are asked to advise clients who are thinking of protecting their wealth in this way. As more jurisdictions introduce legislation, there is a greater need for practitioners to have a clear understanding of the law underpinning the creation and running of foundations.

Written by a leading expert, Private Foundations: Law and Practice is an invaluable resource for anyone advising on or involved in the establishment and maintenance of private foundations. Each chapter discusses a fundamental aspect of private foundation law, with reference throughout to the most significant civil and common law jurisdictions. The author discusses not only the creation and management of private foundations, but also looks carefully at the powers, rights, and liabilities of their founders, officers, and beneficiaries. Every topic is analysed with reference to the legislation and case law of a number of key civil law jurisdictions (Liechtenstein, Austria, Panama, and Malta) as well as to the developing law in selected common law jurisdictions (St Kitts, Bahamas, Anguilla, Belize, Jersey, Guernsey, the Isle of Man, the Seychelles, Mauritius, and the Cook Islands).

Offering a rigourous and analytical review of the law relating to private foundations, this book is ideal for anyone involved in this developing area of wealth management.

Readership: Primary: private client practitioners (lawyers, accountants, financial advisers, trust managers) and private bankers in all the major international and offshore financial centres. Secondary: academics and academic libraries; students on courses in trusts and private foundations law, in particular at postgraduate or professional level (such as the STEP Qualifications).

1: Introduction: the making of private foundations
2: The Founder
3: Foundation Council and Management Bodies
4: The Beneficiaries and their Right to Information
5: Protectors and Supervisory Bodies
6: Forced Heirship and Asset Protection
7: Private Purpose Foundations

Paolo Panico is Chairman and Managing Director of Private Trustees S.A., an independent trust and corporate service provider with registered office in Luxembourg and a branch in Geneva. He has an academic background and has taught in some Italian Universities (Milan 'Bocconi', Bergamo, Modena, and Sassari). He is currently an adjunct professor of Legal Structures in a Master sin Wealth Management at the University of Luxembourg. Paolo is an academician of The International Academy of Estate and Trusts Law and a member of the Committee of the International Tax Planning Association (ITPA). He is a member of the Society of Trust and Estate Practitioners (STEP) and he is currently serving as head of the Technical Committee of the Benelux branch. Paolo has written a wide range of articles on trust law, is Country Correspondent for the journal Trusts & Trustees (OUP, 2006-), and is also the author of International Trust Laws (OUP, 2010).