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Arcelor's management handed over Dofasco to a Dutch foundation.
The Dutch foundation, however, insists that it is the legal owner of some of the archive.
After that, a Dutch foundation takes over.Moreover, Mr Fridman is hardly a Kremlin crony.
PharmAccess, a Dutch foundation that aims to bring affordable health care to Africa, is running three pilot schemes that formalise this pooling of risk.
The Economist pointed out that IKEA's charitable giving through the Dutch foundation had been paltry — "barely a rounding error in the foundation's assets".
His first move to frustrate the Mittal bid was to transfer ownership of Dofasco, a recently acquired Canadian steelmaker, to Strategic Steel Stichting, a newly formed Dutch foundation.
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The Dutch government and two Dutch foundations would have majority voting rights over the KLM subsidiary for three years.
But Dutch foundations are very loosely regulated and are subject to little or no third-party oversight.
And so, last August, according to details disclosed in documents maintained by the Handelsregister, the trade registry of the Netherlands, Promogroup helped the three performers set up a pair of private Dutch foundations that will allow them to transfer assets tax-free to heirs when they die.
Stichting INGKA, a Dutch charitable foundation Mr Kampard established with his Ikea shares in 1982, makes only minor donations to good causes.
African Parks, a South African organisation funded by a Dutch conservation foundation that regenerates depleted parks, assumed management of Odzala in 2010 on a 25-year mandate.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com