In the intricate world of corporate law, the role of natural persons and legal entities pursuant to Art. 180a of the Liechtenstein Persons and Companies Act ("PGR") in the administration...

The Financial Market Authority registered more assets under management and more financial market participants

Liechtenstein has come to an agreement with the European Union on the EU Savings Tax and will therefore retain the same withholding tax as Switzerland.

The European Market Infrastructure Regulation (EMIR) serves as a cornerstone in the European Union's regulatory framework for mitigating systemic risks in the derivatives market.

In the intricate domain of financial services, the legal framework governing investment advisory services plays a pivotal role. This analysis delves into the statutory definition of investment advice under Annex I Section A No. 5 MiFID II.

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 ...

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).

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.

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.