Im Rahmen einer mehrteiligen Artikelserie werden zunächst wesentliche öffentlich-rechtliche Eckpunkte, daran anknüpfend einzelne zivilrechtliche Details des Regimes des TVTG, das seit 1. Jänner 2020 die Erbringung von VT-Dienstleistungen in Liechtenstein reglementiert, beleuchtet.

The European market has, within remarkably few quarters, normalised the idea that a "payment" may be initiated in a user interface that looks like a wallet, settled in a token that is marketed as price-stable, and operationally executed by a CASP that—

In the constantly evolving landscape of financial technology, the concept of electronic money has emerged as a pivotal element, ...

In the realm of global finance, the Principality of Liechtenstein stands as a paragon of specialized, internationally connected, and stable financial services.

The EU Markets in Financial Instruments Directive II (MiFID II) plays a crucial role in defining financial instruments within the scope of banking and financial services.

Liechtenstein's financial center has, for years, benefitted from a regulatory architecture that is both deeply integrated into the EEA legal space and, at the same time, deliberately calibrated...

Private wealth is changing faster than many legal structures were designed to accommodate, because internationally mobile families, founders, investors, family offices and philanthropists are now expected to reconcile succession planning, asset preservation, tax transparency, family governance, bank compliance, reporting duties, charitable impact, digital assets and reputational risk...

The landscape of banking law, particularly within the context of Regulation EU) No 575/2013 on prudential requirements for credit institutions and investment firms or the Capital Requirements Regulation (CRR)...

With today‘s worldwide <B>mobility</B> and the great number of ways to access information quickly, the world has become considerably "smaller", and local and foreign authorities and organizations have more and more means to access the privacy of any individual or corporation.

As the EU's Markets in Crypto-Assets Regulation (MiCAR) becomes fully applicable on 1 July 2026, third-country crypto-asset service providers face critical decisions about market access. Article 61's 'reverse solicitation' exception offers a narrow pathway for serving EEA clients without authorisation, but ESMA's guidelines reveal strict conditions that may catch many providers off guard.

Over the last 20 years foundation law has been developed mainly by court decisions. On April 1, 2009 however a new Liechtenstein foundation law has been implemented.

A regulatory gap that had existed for several years between the European Union and the EEA EFTA States has now closed: since 1 August 2026, Regulation (EU) 2020/1503 on European crowdfunding service providers for business, generally referred to as the ECSPR, is applicable in Liechtenstein, opening a harmonised authorisation route for qualifying crowdfunding platforms and, more importantly from a commercial perspective, bringing Liechtenstein within the European cross-border framework for regulated crowdfunding services.

The resolvability of banking groups plays an essential role for the effectiveness of the European resolution regime. In this regard, the European legislator provided the resolution authorities a broad set of powers...

Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCAR) has been fully applicable in the EU since 30 December 2024. Its objective is to create a harmonised...

The execution procedure, also known as debt recovery, is a legal process that allows a creditor to enforce a claim against a debtor. In Liechtenstein, this process is governed by the Execution...

DORA, a comprehensive regulatory framework, applies universally to nearly all supervised institutions and entities within the European financial sector.

Liechtenstein has reached a historic milestone in financial regulation: for the first time, the jurisdiction has established a dedicated covered bond regime

When the European Banking Authority ("EBA") released its 34 page No Action Letter on 10 June 2025, it did rather more than grant a temporary supervisory reprieve to crypto asset service providers ("CASPs") transacting electronic money tokens ("EMTs").

The realm of digital finance and its fast-paced developments have been remarkable over the past years. A particular aspect of note has been the rise of cryptocurrencies and their interaction...

The rapid increase in regulatory requirements in European banking supervision law has made internal audit (hereinafter ›IA‹), more than ever, a third line of defense.