The Swiss Law defines the “fondation” as the allocation of real or personal property in a precise goal decided by the “fondateur(s)”. The “Fondation” is defined in the Swiss Code des Obligations (article n°80 and following).
An ordinary fondation does not need any prior authorization to be established. However, to comply with the legal requirements, it has to be registered. The registered fondations are entitled to create legal documents.
Greenberg, Hornblower, Deschenaux & Partners is specialized in fondation establishment and management.