On 19 February 2008 the Report and Application by the Government concerning the total revision of the law on foundations was approved by the Government and adopted by the Parliament of the Principality of Liechtenstein. The first reading of the bill was in the Parliament from 12 to 14 March 2008. Some amendments can still be expected. The probable enactment may be as at 1 April 2009.
The following provisions are to be stressed as main contents of the Government bill:
I. New systematic concept
In systematic terms, a characteristic feature of the bill is that the new law on foundations presents itself as a self-contained body of legal provisions, which dispenses with the reference to the Law concerning Trust Enterprises (TrUG), previously embodied in Art. 552, para....
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