Remarks about the History of Foundations
Remarks about the History of Foundations

Summary/Abstract: The aim of this study is to show what changes have been made to the original causes and functions of the foundations. Accordingly, we briefly review the roots and history of foundations and the latest trends, the emergence of the private foundation. The legal construction of the foundation has undergone significant change in legal history and one of the primary benefits was the formation of private foundations. Private foundations in many cases can pursue economic and commercial purposes, even carrying out asset management activities and they are specifically suited to asset separation, making them important legal tools for asset protection. In addition, the study analyzes in detail how the foundation emerged in continental European private law gained ground in some Anglo-Saxon countries.

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