“Settlors’ rights of intervention would only be half-heartedly observed, beneficiaries would be given meaningless information, and individual family lines would be favored for no reason. Foundations would even continue without beneficiaries, which essentially only provide income to foundation organs and advisors. Sub-optimal investment of assets also occurs. And even the courts would sometimes give cause for resentment – for example, when dismissals of foundation boards take far too long”. The points of criticism listed in this article in the Austrian daily Presse are still part of the core problem today, and the 2020 amendment of the law has not solved them.
