Review article
NEW REGULATION ON FOUNDATIONS IN CROATIA: ECONOMIC ACTIVITIESAND OTHER ISSUES
Ante Vuković
Dejan Bodul
; Pravni fakultet Sveučilišta u Rijeci, Rijeka, Hrvatska
Abstract
On November 30, 2018, in Official journal no. 106/18, the Law on Foundations was published. This Law will enter into force on March 1, 2019. It clearly emphasizes that the Foundation is a non-profit legal entity without members, that its property, as the dominant element of the substrate of its legal personality, cannot be shared with treasurers, members of the fund’s bodies, employees or with them people. The basic property of the foundation can be increased, through non-economic and economic activities in order to achieve the purpose of the foundation. When performing an economic activity on the market then the foundation, as well as other non-profi t organizations (e.g. associations, trusts) acts as an entrepreneur in compliance with the strict rules of the European Union on competition. Since there was not enough practical experience to analyse the subject in hand from a critical point a view, the aim is to make suggestions for the interpretation of certain provisions in order to make them clear and comprehensible on the basis of de lege lata analysis.
Keywords
foundations; property of the foundation; economic activity; entrepreneur; competition rules.
Hrčak ID:
223016
URI
Publication date:
18.7.2019.
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