Foundation Application Achieves Success with Order by the Supreme Court

In 1926, Liechtenstein created the Family Foundation by the Law of Persons and Companies. Family Foundations, unlike civil law public foundations, were designed for the personal benefit of members of one or more families. In 1995, (Law No. 25 1995) the government of Panama developed the Panama Private Interest Foundation based on Liechtenstein’s Family Foundation; and this, in turn, became the model for the private foundation in The Bahamas.

Barbados: Economic and Banking…