聚焦荷兰"Stichting"：一个不知名但极具潜力的荷兰实体的起源和用途（英文版A

During its deployment by Mylan to address Teva's $40 billion offer, more column inches have been spent on the Dutch stichting—the Dutch word for foundation—than ever before.

Although referred to as "arcane" or "obscure" and said to possess "special powers,"¹ Dutch foundations are in fact established, versatile, and well-understood entities with a history going back to the 15th century. They are true multipurpose vehicles that can be used for a broad range of purposes and not just to act as an anti-takeover device, as the Stichting Preferred Shares Mylan did for Mylan.

What is a Stichting?

A Stichting, or Foundation (the two words will be used interchangeably in this Commentary), is a legal entity established under Dutch law. The purpose of the Foundation, outlined below, can be widely worded or narrowly defined.