The Legal 500

Liechtenstein

Editorial

Legal market overview

In line with Liechtenstein’s continuing move towards tax transparency, 2013 saw the principality signing tax information exchange agreements with Mexico, Canada and India, and concluding the revision of a double taxation agreement with Austria.

While the increasing global focus on tax compliance has put pressure on the fiduciary services sector, the legal market remains buoyant, with firms reporting a steady increase in litigation. Liquidation, bankruptcy and fraud cases are also increasing, in part due to the worldwide economic downturn.

The increasingly litigious legal landscape played into the hands of law firms with strong dispute resolution teams, such as Walch & Schurti and Wolff Gstoehl Bruckschweiger. Batliner Gasser, Batliner Wanger Batliner Rechtsanwälte AG and Marxer & Partner Attorneys-at-Law remain at the forefront of the market overall.

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