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On selling a charity
The College of Law was established as a charity in 1962 to improve legal education. It has a Royal Charter and the power to award degrees. Last week, it sold its main activity to a private equity firm, using the £200m proceeds to endow a new foundation that will award scholarships to legal students. The Charity Commission and HE authorities have said they are happy. This is an important precedent and a very real example of how the distinction between public, private and civil society are increasingly unclear. READ MORE
This entry was posted on Thursday, May 3rd, 2012Read similar posts
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