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149:, not aiming to make profit, with no members or share capital, that exists for a specific purpose that is serving a public, social or an idealistic interest. A stichting is allowed to make profit but the legal condition is that this profit must be spend on achieving the foundation's goals. This form of entity makes it possible to separate functions of ownership and control.
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seen as the public authority involved in the creation and authorization of a foundation. The stichting acquires full legal capacity through its sole creation. A foundation has no members and its purpose must be stated in its articles, using capital dedicated to such goal. The rules for foundations are defined in the Dutch Civil Code (
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is a legal person created through a legal act. This act is usually a notarised deed, but can also be established by a Dutch will ('uiterste wilsbeschikking'), and must contain the articles of the foundation which must include the first appointed board. The notary works here in a public role, and is
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Art. 2:289 of the Civil Code establishes that all foundations must be registered at the official public
Commercial Register ("handelsregister" at the "Kamer van Koophandel"). As long as the foundation hasn't been registered, the boardmembers bear personal responsibility. In another register, UBO,
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A foundation can be governed and represented by one board that has both executive and controlling tasks and is also responsible for the foundation's administration. The law does not have a requirement for a specific number of members but speaks of 'members' in plural. It is possible to create two
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Commercial activities are allowed if they are within the purpose of the foundation and are taxed. Board members can be held liable for the foundation, civilly as well as criminally, when they do not comply with general rules of good governance, like for instance written down in the "Nederlandse
179:), Boek 2, Titel 6 (artt. 2:285-304). It is not necessary in the Netherlands that a foundation serves a purpose of general interest, it can also be a social or an idealistic goal and its official goal cannot include making payments to anybody, except for charitable causes.
187:), one has the function of overviewing the executive day-by-day governing, the Governing Board ("Raad van Bestuur"), the other one has an overall control function, the Supervisory Board or Board of Trustees ("Raad van Toezicht" of "Raad van Commisarissen).
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are used by institutional investors, such as banks and wealthy individuals, as a means of controlling assets while not having legal ownership or consolidating the assets on their financial statements. The properties of a
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235:– purpose: make news and sports programmes for the three Dutch public television channels and the Dutch public radio services.
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313:(takeover defense mechanism) for publicly traded companies. In one case, the Dutch-incorporated pharmaceutical company
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202:), with tax benefits. Often, but not necessarily, this is a foundation. Conversely, not every foundation qualifies.
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241:– purpose: promote greater environmental and social justice, focusing on forests and forest peoples’ rights.
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structure to avoid sanctions on Libya and ensure its continued operation following the overthrow of
156:' style defence tactic in hostile takeover situations by Scott V Simpson, one of Europe's leading
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287:– Stichting MINIX Research Foundation - purpose: Support and develop Minix3 Operating System.
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The Dutch Tax
Service can declare an institution to be an "institution for general benefit" (
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247:– purpose: promote and support innovation in the field of architectural and interior design.
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for the purpose of "safeguarding Mylan’s strategy, mission and independence" and gave the
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lawyers. This however was not the use Dutch lawmakers had in mind when drawing the law.
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structure in an attempt to shield its assets from tax claims by the
Russian government.
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571:"Twee heren (in één transactie) dienen, mag dat nu wel of (soms) toch niet?"
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Foundation legislation was last reformed in 1998, giving rise to the
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Its use has been pioneered successfully in recent years as a '
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626:"Mylan's Leverage to Resist Teva Deal Reveals Shift in Rules"
477:"Going Dutch Has New Meaning In Corporate Takeover Battles"
600:"The Rise of the 'Stichting,' an Obscure Takeover Defense"
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was activated in July 2015 to block a planned takeover by
265:– pension fund for the healthcare and social work sectors.
259:– pension fund for the government and educational sectors.
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the ultimate beneficial owner(s) have to be undisclosed.
253:– purpose: the Dutch member of Fairtrade International.
281:– purpose: establish a permanent human colony on Mars.
271:– purpose: a think tank linked to the Labour Party (
49:. Unsourced material may be challenged and removed.
409:Private Foundation (Stichting Particulier Fonds).
569:Prof. mr. W.J. Oostwouder, Mr. T. Spronk (2019).
16:A kind of Legal Entity under Dutch Corporate Law
295:State of the Netherlands v. Urgenda Foundation
8:
373:. In one case, the Libyan-based oil company
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387:; in another case, the Russian oil company
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229:– purpose: promote visits to Dutch museums.
223:(1797–1857) to the attention of the public.
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545:"Dit betekent de WBTR voor je organisatie"
309:(Dutch plural form) are used as a type of
109:Learn how and when to remove this message
575:openaccessadvocate.tijdschriften.budh.nl
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263:Stichting Pensioenfonds Zorg en Welzijn
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297:case at the Netherlands Supreme Court
219:– purpose: bring the work of painter
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664:Foundations based in the Netherlands
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47:adding citations to reliable sources
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516:"De stichting | Ondernemersplein"
501:Titel 6 Burgerlijk Wetboek Boek 2
598:Raice, Shayndi (22 April 2015).
23:
624:Raice, Shayndi (27 July 2015).
329:the right to veto any proposed
145:) is a Dutch legal entity with
34:needs additional citations for
341:Teva Pharmaceutical Industries
1:
454:"The Dutch foundation | STEP"
233:Nederlandse Omroep Stichting
195:Corporate Governance Code".
659:Business in the Netherlands
475:Cohen, Adam (22 May 2006).
257:Stichting Pensioenfonds ABP
217:Cornelis Kruseman Stichting
680:
245:Stichting INGKA Foundation
293:– Foundation who won the
227:Stichting Museumjaarkaart
269:Wiardi Beckman Stichting
211:Charitable organizations
185:two-tier board structure
158:mergers and acquisitions
520:ondernemersplein.kvk.nl
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429:Besloten vennootschap
424:Naamloze vennootschap
361:can be used to avoid
407:Netherlands Antilles
401:Netherlands Antilles
43:improve this article
630:Wall Street Journal
604:Wall Street Journal
543:Schuurman, Sergej.
481:Wall Street Journal
434:Private foundation
177:Burgerlijk Wetboek
221:Cornelis Kruseman
147:limited liability
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41:Please help
36:verification
33:
352:Stichtingen
311:poison pill
307:Stichtingen
154:poison pill
58:"Stichting"
653:Categories
581:2024-07-04
577:(in Dutch)
555:2024-07-04
551:(in Dutch)
526:2024-07-04
522:(in Dutch)
486:22 January
440:References
419:Vereniging
140:foundation
99:April 2015
69:newspapers
394:stichting
380:stichting
375:Oilinvest
358:stichting
336:stichting
326:stichting
320:stichting
171:stichting
164:Formation
125:stichting
413:See also
279:Mars One
206:Examples
183:boards (
635:28 July
609:28 July
391:used a
377:used a
291:Urgenda
285:MINIX 3
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83:scholar
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389:Yukos
315:Mylan
90:JSTOR
76:books
637:2015
611:2015
488:2021
369:and
273:PvdA
200:ANBI
131:lit.
62:news
549:KVK
45:by
655::
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168:A
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