One of the changes challenged by the Rothschild’s descendant reportedly involves the city of Vienna making itself the ultimate beneficiary of foundation assets.
Geoffrey Hoguet, a descendant of the famous Rothschild dynasty, has scored what The Guardian describes as an “initial victory” in his legal battle over a medical trust that was originally set up by his ancestors and is currently controlled by the city.
Established in 1905 by Albert von Rothschild in memory of his late brother Nathaniel, the psychiatry-related charitable foundation was seized by the Nazis in 1938, only to be reconstituted years after the war but with the city authorities as its administrators.
Now, Hoguet, Albert von Rothschild’s great-grandson, is suing Austrian authorities for control of the trust, and the court has reportedly backed him in his claim that “the city of Vienna has a conflict of interest over the foundation’s finances”, ruling that “an independent figure, or ‘collision curator’ must be appointed to represent the charity in legal proceedings over a 2017 change to its statutes”.
As the newspaper points out, in 2017 the city changed the foundation statutes, making itself the ultimate beneficiary of foundation assets, “if the charity is wound”, with these changes now being one of the things that Hoguet challenges in the court.
According to the newspaper, he also argued that “other dealings between the city and the foundation” should be challenged as well.
Sourse: sputniknews.com
