Financial And High-Tech Centre,
Member Of The European Economic Area (EEA)
A Survey
Allgemeines Treuunternehmen
General Trust Company
Introduction
This updated review provides a brief introduction to the Principality of Liechtenstein and deals with the recent developments relating to change in law regarding due diligence, legal assistance, penal code (money laundering), court proceeding and the adaptation of our company law to the EU directives (especially the first, fourth, seventh and eighth).
A. Constitution And Government
The basic form of state of the Principality of Liechtenstein is laid down in the Constitution of the 5th October 1921. Art. 2 states: "The Principality of Liechtenstein is a constitutional hereditary monarchy upon a democratic and parliamentary basis; the power of the State is inherent in and issues from the Prince and the people and shall be exercised by both of them in accordance with the provisions of the present Constitution". The Prince has supreme
