In a previous post we tackled the question whether the common law trust may be regarded as a ‘legal entity’. We concluded that this was rather doubtful.
Nevertheless, in the Olsen-case (7 July 2014), to which we referred in our earlier blogpost, the EFTA-Court ruled that a trust, as an entity, may fall within the scope of Articles 31 and 40 of the Agreement on the European Economic Area (‘EEA-Agreement’). The practical consequence of this ruling was that trusts may come under the scope of the so-called freedom of establishment and the free movement of capital in the EEA (and therefore also in the EU). Continue reading “Do ‘Centros’ and ‘Inspire Art’ apply to trusts?”
Corporate Finance Lab 