Abstrakt: | In order to facilitate the cross‑border
activities of foundations, and to make it
easier for them to support public benefit causes across the EU, the European Commission
has presented a proposal for a Statute for a European Foundation. This article describes
the actual progress in the legislative process concerning the European Foundation (FE).
The Proposal for a Council Regulation on the Statute for a European Foundation was
presented by the European Commission on 8 February 2012, and was changed significantly
by the European Parliament in its resolution of 2 July 2013.
After a concise presentation of the history of the legislative work on the project, the
article describes the following main features of the FE: its legal character, the necessary
cross‑border
dimension, public benefit purposes, founding assets and economic activities
of an European Foundation, as well as the methods of establishing an FE and the registration
requirements, the internal organisation of the FE and Member State supervision,
registered office and its transfer, and, finally, the dissolution of the FE. The comparison
between the rules included in the Proposal from 8 February 2012 and the changes
brought by the European Parliament in its resolution of 2 July 2013 are supported by
a presentation of current academic discussions concerning the creation of a European
Foundation.
The characteristics of a European Foundation, as set out in this article, reflect the
possible shape of the new European legal form |