This article delves into the details of AIFMD II, shedding light its implications for fund managers and the broader contours of the alternative investment fund industry, with a keen focus ....

The realm of portfolio management, as defined under Art. 4 para. 1 no. 8 MiFID II, respectively Annex I Section A no. 4 MiFID II, encompasses a broad spectrum of activities involving the management of individual assets ...

The landscape of financial services, particularly proprietary trading and the differentiation of own account transactions is an intricate and complex matter.

The digital transformation has permeated various sectors, including the banking, insurance, and financial services industries. Among the most intriguing developments...

Readers familiar with the accelerated regulatory tempo that has characterised the European crypto-asset landscape since the adoption of the Markets in Crypto-Assets Regulation ("MiCA") will have noticed that, on 26 March 2025, the European Securities and Markets Authority ("ESMA") supplemented the primary legislation with a 35-page set of Guidelines on the assessment of suitability and on the format of the periodic statement for portfolio-management activities.

As MiCAR's full authorisation regime for crypto-asset service providers ("CASPs") settles across the EU/EEA, the single date that defines strategy for every TVTG-registered firm in Liechtenstein...

The EU Prospectus Regulation, which came into force on July 20, 2017, and became fully applicable from July 21, 2019, marks a significant shift in the financial regulatory...

Crowdfunding has emerged as a disruptive financial mechanism that democratizes access to capital for various projects and enterprises.

The concept of "Placement Business," as delineated in MiFID 2 is a financial service requiring licensing as an investment firm.

Liechtenstein is moving to transpose Directive (EU) 2024/927 ("AIFMD II") and to operationalize the revamped ELTIF (European Long Term Investment Fund) regime (Regulation (EU) 2023/606...

In the intricate landscape of banking law understanding the nature of credit business as defined under Regulation (EU) No 575/2013 (CRR) is crucial for financial institutions and legal practitioners.

The U.S. Securities and Exchange Commission’s March 2026 interpretation on the application of federal securities laws to certain crypto assets is not merely another incremental statement in an already crowded field of digital-asset commentary.

How report and motion No. 47/2025 rewrites the regulatory playbook and why proactive alignment today secures competitive advantages tomorrow.

In a jurisdiction that traditionally prides itself on the finely tuned equilibrium between investor confidentiality and regulatory integrity, the Liechtenstein Parliament's (Landtag's) near-unanimous...

The dawn of artificial intelligence (AI) has brought forth a paradigm shift in technological advancements and their intersection with legal frameworks.

In Liechtenstein the General Data Protection Regulation (Regulation EU/2016/679; GDPR) is generally directly applicable. As Liechtenstein is a member of the European Economic Area (EEA)...

The Liechtenstein law provides for foundations of two kinds: private law (privatrechtliche) and public law (öffentlichrechtliche). The present overview is confined to family foundations established under private law.

In a move that is both evolutionary in its policy intent and revolutionary in its operational consequences, the European Union's reform of MiFIR and MiFID II—adopted at EU level...

Across Europe, and increasingly within the EEA perimeter more broadly, a familiar paradox has sharpened: while growth companies are expected to professionalise earlier...

When the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published their Joint Guidelines on the assessment of the suitability of the members of the management body of issuers of asset-referenced tokens (ARTs) and of crypto-asset service providers (CASPs).