FUNDATIO EUROPAEA: GENERAL PROVISIONS OF THE PROJECT

Abstract

The Proposal for the Council Regulation on the Statute for a European Foundation was presented on 8 February 2012. The Proposal aims to establish a European Foundation Statute and becomes the answer to the “Single Market Act” call for action to remove the obstacles that foundations face in operating on a cross-border basis and, therefore, to promote their development in the EU. The article deals with the preconditions for the creation of European Foundation. The paper consistently examines the sources of legal regulation and ways of foundation of a European Foundation, addresses the general provisions of the Proposal for the Regulation, as well as the advantages of the European Foundation, which defi ne the effectiveness of their activities. The article analyses the development of the project and explains the reasons of substantial controversies on key matters, which predetermined the withdrawal of the proposal. The paper also presents the conclusions and suggestions.