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The evolution of the bill of law n°6595 regarding a private foundation in Luxembourg

The evolution of the bill of law n°6595 regarding a private foundation in Luxembourg
06/03/2015

On 22 July 2012, the Luxembourg Chamber of Deputies introduced the bill of law n°6595 on the creation of a private foundation, which aims at providing a new wealth management vehicle already established in neighbouring countries. This bill of law was amended to take into consideration the opinion rendered on 29 April 2014 by the Council of State and its supplementary notice dated 7 October 2014 (the "modified bill of law").

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