Trusts in the Principality of Liechtenstein and Similar Jurisdictions

Aspects of Wealth Protection, Beneficiaries' Rights and International Law

Edited by: Francesco A. Schurr

Originating in common law, trusts were once completely foreign to continental European jurisdictions. This situation changed significantly when Liechtenstein enacted the Persons and Companies Act in 1926. It also continues to change as further jurisdictions undertake to recognize the trust. Worldwide, the increasing importance of (and demand for) trusts has led to increasing competition between jurisdictions. In order to remain competitive among other national legal systems, comparative analyses are becoming more important than ever. This book presents a collection of essays, each providing an analysis of a trust law issue from at least one jurisdiction's perspective. Following a chapter containing essays on general trust law issues, the book then focuses on the extent to which trusts can be used for the purposes of asset protection, clearly presenting the different approaches taken. An analysis of beneficiaries' rights under the laws of various jurisdictions is provided in the subsequent chapters' essays, highlighting the fact that the treatment of beneficiaries also varies quite considerably. The final chapter deals with international issues. (Series: Schriften des Zentrums fur liechtensteinisches Recht (ZLR) an der Universitat Zurich - Vol. 4)

Publication Date: 5/29/2014
Format: Paper
ISBN: 9783037516270