As many Swiss banks and lawyers might look to Liechtenstein when setting up trusts for their clients, it is a good opportunity to deal again shortly with the Liechtenstein trust concept and later on with the legal provisions in Switzerland for ratifying the Hague Trust Convention which is beneficial to the trust business.
PART I: Trusts in Liechtenstein (Trust Settlement)
Liechtenstein is the only country within the civil law system of continental Europe which has introduced and hence regulated the concept of the Anglo-saxon trust and the American business trust. The introduction of the Anglo-Saxon trust concept into Liechtenstein civil law was effected as early as 1926, when the Liechtenstein Law on Persons and Companies (PGR) was enacted and the trust concept found its place into its articles 897 to 932. Two years later, in 1928, Liechtenstein passed the Law on Trust Enterprises....
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Investment manager Argyll Investment Services Limited has launched the World Shariah Funds PCC Limited, a Guernsey-based suite of Islamic-compliant investments which will be listed on the Channel Islands Stock Exchange (CISX) and distributed globally.
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As offshore legal counsel based in Hong Kong, we commonly deal with the book ends of inbound private equity investment into the People’s Republic of China ("PRC"), that being, the initial establishment of the offshore investment fund structure, typically structured as a limited partnership and domiciled in either the Cayman Islands or British Virgin Islands (the "PE Fund") at one end, and at the other, investments made by PE Fund’s in certain offshore target entities ("Offshore Target"), indirec
