The New Liechtenstein Foundation Law - An Overview on the Important Changes

Introduction

1. Why a Reform
The Liechtenstein Foundation Law (Art. 552 – 570 Persons and Companies Act (PGR)) has been existing
for over 80 years and has contributed substantially to the economic success of Liechtenstein. The last few
years, however, have shown that some important topics are not regulated sufficiently clear. Many topics
were left to the courts and often times contradictory decisions added up confusion. In the field of foundation
law, however, continuity plays an important role and a high level of legal security is desired.

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