The company, the document said, appears to have been set up for the benefit of Semrek, a Liechtenstein foundation whose "principal economic beneficiary" appears to be Mr. Nazarbayev.
To circumvent this complication, Roger Moore (then counsel to the University) proposed that a tax-exempt endowment be set up for the benefit of the President and Fellows of Harvard College that would disburse the funds.
In 2005, 24% of the shares in the company were transferred to two trusts set up for the benefit of the couple's children, as a way of avoiding inheritance tax.
It may be little more than a table, set up for the benefit of tourists, but that, in itself, seems to further distance travellers from the serious reality of the country's problems.
Karol Martesko, publisher of the magazine Filmmaker and a longtime operator of Web sites set up for the benefit of independent filmmakers, agrees that inadequate equipment and complexity of access are obstacles to film watching on the Web.
(At the same time, Mr. Siegler said, condo bylaws typically do not provide for a right of first refusal when the unit is being sold by a sponsor, when title is being transferred as a result of a foreclosure or when a unit owner is selling to an adult family member or to a trust set up for the benefit of a family member).
He still controls eighty per cent of the company, and on his death or incapacitation his shares will go to a trust set up for the benefit of his five grandchildren, just one of whom, Shari Redstone's son, Tyler Korff, has a seat on the board of trustees.
These aren't the garden-variety trusts set up for the benefit of your heirs.
An ESOP is actually a tax-exempt trust set up for the benefit of employees.
In fact, the game was set up for the benefit of the few at the expense of the many.
That's because an ESOP is a tax-exempt trust set up for the benefit of employees.
