Liechtenstein: Contracts and Commercial Law

Liechtenstein has long occupied a distinctive position in European and international private wealth structuring, because its trust, unlike many civil law instruments that merely approximate fiduciary ownership or contractual asset administration, is embedded in the Persons and Companies Act (PGR) as a flexible, statutory, internationally recognisable legal form which, while historically inspired by the Anglo-Saxon trust tradition, has developed into a characteristically Liechtenstein solution for asset protection, succession planning, family governance, philanthropy and cross-border wealth continuity.

Factoring, an increasingly vital financial service, encompasses the continuous purchase of receivables from deliveries or services of the factoring client by the factor, according to a framework contract.

In the legal landscape of Liechtenstein, the dissolution and liquidation of legal entities is a process that is governed by specific regulations. The dissolution of a legal entity does...