Liechtenstein Update In A More Transparent World

Article by Dieter Roth and Roger Frick

The recent developments and changes in the last two years in the Principality of Liechtenstein underline the attractiveness for international asset protection for international clients. Until these changes are fully recognised by the international community and the reputation of Liechtenstein is adapted it will of course take quite some time. Nevertheless, I am fully convinced that Liechtenstein can offer a very interesting set-up for a comprehensive asset protection approach.

Enforcement privilege for Liechtenstein family foundation

This rule was also valid before the implementation of the totally revised Foundation Law entered into force 1 April 2009. In the articles, it can be validly foreseen that the creditors of beneficiaries (founder included) shall not be permitted to deprive the beneficiaries of their entitlement to a beneficial interest or prospective beneficial interest acquired without valuable consideration,