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Stichting
A ''stichting'' () is a Dutch legal entity with limited liability, but no members or share capital, that exists for a specific purpose. This form of entity makes it possible to separate functions of ownership and control. Its use has been pioneered successfully in recent years as a ' poison pill' style defence tactic in hostile takeover situations by Scott V Simpson, one of Europe's leading mergers and acquisitions lawyers. Formation A ''stichting'' is a legal person created through a legal act. This act is usually either a notarised deed (or a will) that contains the articles of the foundation which must include the first appointed board. No government authority is involved in the creation or authorization of a foundation. It acquires full legal capacity through its sole creation. A foundation has no members and its purpose must be stated in its articles, using capital dedicated to such goal. The foundations are defined in the Dutch Civil Code (Burgerlijk Wetboek), Boek 2 Art 285-3 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stichting Van Warnborough
A ''stichting'' () is a Dutch legal entity with limited liability, but no members or share capital, that exists for a specific purpose. This form of entity makes it possible to separate functions of ownership and control. Its use has been pioneered successfully in recent years as a ' poison pill' style defence tactic in hostile takeover situations by Scott V Simpson, one of Europe's leading mergers and acquisitions lawyers. Formation A ''stichting'' is a legal person created through a legal act. This act is usually either a notarised deed (or a will) that contains the articles of the foundation which must include the first appointed board. No government authority is involved in the creation or authorization of a foundation. It acquires full legal capacity through its sole creation. A foundation has no members and its purpose must be stated in its articles, using capital dedicated to such goal. The foundations are defined in the Dutch Civil Code (Burgerlijk Wetboek), Boek 2 Art 285-3 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Algemeen Nut Beogende Instelling
Since 2008 the Dutch Tax Administration can designate an institution to be a "Public Benefit Organisation" (Dutch: ''Algemeen Nut Beogende Instelling'', ANBI). At least 90% of the efforts of an ANBI has to be focused on the general good. And since 2012 the 'culturele ANBI' can profit (until at least 2018) from even more Dutch tax advantages. Conditions The ANBI does not have to be a Dutch legal personality. But often the ANBI is a Dutch foundation ('stichting'), though not every foundation qualifies. It can also be a Dutch ''vereniging'' (voluntary association). It cannot be an organisation that is for the benefit of its members or shareholders only: a sport club, association of personnel, or a commercial institution. The ANBI does not have to have registered offices in the Netherlands nor in the EU. The most important conditions are: *The ANBI can not be a company with capital divided into shares, a cooperative, a mutual insurance society or another body that may issue participa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cornelis Kruseman Stichting
The Cornelis Kruseman - J.M.C. Ising Foundation (Dutch: ''Cornelis Kruseman - J.M.C. Ising Stichting'') is a Dutch foundation (stichting) that was established in 1996 and is located in The Hague, Netherlands. The foundation's objective is to bring the work of nineteenth century painter Cornelis Kruseman (1797–1857) and his painting family members to the attention of the public. The foundation was established on the initiative of Jozina Maria Cornelia Ising. She was a descendant of Johannes Diederik Kruseman (1794–1861), whose eldest daughter Johanna Cornelia Maria Kruseman (1827–1914) in 1851 married Constant Gautier Cathérine François Ising (1823–1894), colonel of the artillery. Johannes Diederik Kruseman was the brother of Cornelis Kruseman and the father of painter Johannes Diederikus Kruseman (1828–1918). Ising bequeathed her fortune to the foundation and also arranged for the State of the Netherlands to grant the foundation the long-term loan of five paintings t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oilinvest
Tamoil is the trading name of the Oilinvest Group, a fuel energy provider within the European downstream oil and gas sector. The Oilinvest Group refines crude oil and markets refined oil products primarily under the Tamoil and the HEM brands in Europe. The Oilinvest Group is involved in supplying, trading, refining and selling petroleum products in Italy, Germany, Switzerland, Spain and the Netherlands and carries out its trading activities from Cyprus. The headquarters of Oilinvest (Netherlands) B.V. is located in the World Trade Center The Hague, from where it oversees all its investments in the European oil downstream markets. History The origins of the Oilinvest Group date back to 1988, when the Group was established to consolidate a number of European energy investments that were made by the Libyan state. The ‘Tamoil’ brand name was born following the acquisition of a refinery and Amoco and Texaco retail network in Italy. During the 1990s Oilinvest expanded its Tam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urgenda
Urgenda is a nonprofit foundation (stichting) in the Netherlands which aims to help enforce national, European and international environment treaties. In 2013, Urgenda filed a lawsuit against the state of the Netherlands – respectively also against the government – at the court of The Hague, to force them to make more effective policies that reduce the amount of emissions, with the aim to protect the people of the Netherlands against the effects of climate change and pollution. History The name ''Urgenda'' is a portmanteau of the words '' urgente'' (urgent) and '' agenda''. It was founded in 2007 by Jan Rotmans (professor at the Erasmus University (Rotterdam) and Marjan Minnesma (lawyer, economic scientist and philosopher). Success in court case against the government Awards * Doctor honoris causa of Saint-Louis University, Brussels Saint-Louis University, Brussels or UCLouvain Saint-Louis Brussels (officially, in French Université Saint-Louis – Bruxelles) is a pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stichting INGKA Foundation
The Stichting INGKA Foundation is a Dutch foundation founded in 1982 by Ingvar Kamprad, a Swedish billionaire and founder of IKEA, and his corporate attorney Linnea Walsh. INGKA is one of the largest charitable foundations in the world and used to be one of the largest nonprofit organisations in the world. The name "INGKA" comes from a contraction of Ingvar's name (INGvar KAmprad), while ''stichting'' is the Dutch language word for foundation. The stated purpose of the foundation is "To promote and support innovation in the field of architectural and interior design"; however, the organization has recently expanded its philanthropic agenda towards well-being of children in the developing world. The foundation contributes funds via the IKEA Foundation which works with the UNHCR. It is one of the seven international entities who support the UNHCR camp office in Kutupalong (Bangladesh) for the Rohingya refugees from Myanmar. Overview The foundation owns the private Dutch compan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Teva Pharmaceutical Industries
Teva Pharmaceutical Industries Ltd. (also known as Teva Pharmaceuticals) is an Israeli multinational pharmaceutical company with headquarters in Tel Aviv, Israel. It specializes primarily in generic drugs, but other business interests include active pharmaceutical ingredients and, to a lesser extent, proprietary pharmaceuticals. Teva Pharmaceuticals was the largest generic drug manufacturer, when it was surpassed briefly by US-based Pfizer. Teva regained its market leader position once Pfizer spun off its generic drug division in a merger with Mylan, forming the new company Viatris at the end of 2020. Overall, Teva is the 18th largest pharmaceutical company in the world. Teva's facilities are located in Israel, North America, Europe, Australia, and South America. Teva shares are listed on the Tel Aviv Stock Exchange. The company is a member of the Pharmaceutical Research and Manufacturers of America (PhRMA). History Salomon, Levin, and Elstein Teva's earliest predecessor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anti-takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mylan
Mylan N.V. was a global generic and specialty pharmaceuticals company. In November 2020, Mylan merged with Upjohn, Pfizer's off-patent medicine division, to form Viatris. Previously, the company was domiciled in the Netherlands, with principal executive offices in Hatfield, Hertfordshire, UKMylan N10-K for the Fiscal Year Ended December 31, 2015/ref> and a "Global Center" in Canonsburg, Pennsylvania, US. In 2007, the company acquired a controlling interest in India-based Matrix Laboratories Limited, a top producer of active pharmaceutical ingredients (APIs) for generic drugs, and the generics business of Germany-based Merck KGaA. Through these acquisitions, the company grew from the third-largest generic and pharmaceuticals company in the United States to the second-largest generic and specialty pharmaceuticals company in the world. Mylan went public on the OTC market in February 1973. It was listed on the NASDAQ, and its shares were a component of the NASDAQ Biotechnology and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hostile Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recomme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Liability
Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or partnership. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets of the company, not the assets of its shareholders or other investors. A shareholder in a corporation or limited liability company is not personally liable for any of the debts of the company, other than for the amount already invested in the company and for any unpaid amount on the shares in the company, if any, except under special and rare circumstances permitting " piercing the corporate veil." The same is true for the members of a limited liability partnership and the limited partners in a limited partnership. By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business (unlimit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inheritance Tax
An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and property) of a person who has died. International tax law distinguishes between an estate tax and an inheritance tax—an estate tax is assessed on the assets of the deceased, while an inheritance tax is assessed on the legacies received by the estate's beneficiaries. However, this distinction is not always observed; for example, the UK's "inheritance tax" is a tax on the assets of the deceased, and strictly speaking is therefore an estate tax. For historical reasons, the term death duty is still used colloquially (though not legally) in the UK and some Commonwealth countries. For political, statutory and other reasons, the term death tax is sometimes used to refer to estate tax in the United States. Varieties of inheritance and estate taxes * Belgium, droits de succession or erfbelasting (Inheritance tax). Collected at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
