International arbitral tribunals are becoming increasingly
important for dispute resolution. Liechtenstein has the requisite
know-how for proceedings concerning the financial sector.
Progress in information technology offers people a broad
spectrum of new possibilities. On the other hand, there is a danger
Liechtenstein is not only a financial center, as is often
assumed by those lacking knowledge of the economic structure.
Liechtenstein is also an extremely diversified industrial location
with a strong small and medium-size business sector.
The 5th Liechtenstein Dialogue in Vaduz focused on
the topic "Perspectives on Private Wealth
Liechtenstein consistently implements EU directives into
The Liechtenstein financial center is experiencing a difficult
business environment. On the one side, international turbulences on
the financial markets are influencing events; on the other side,
Liechtenstein is under pressure to adapt due to its liberal
economic order and tax policy.
Liechtenstein's National Day also serves the purpose of
reflection on the present and consideration of the future. Not
unexpectedly, the tax affair in Germany and its consequences
for the Liechtenstein financial center were one of the focuses
this year. Hereditary Prince Alois of Liechtenstein announced
the willingness of the country to cooperate in tax matters.
To enforce the economic sanctions against States imposed by
the UN, Liechtenstein created a Law on Measures concerning
Economic Transactions with Foreign States (Sanctions Act)
shortly after joining the UN in 1991.
The International Monetary Fund (IMF), which assessed the Financial Market Authority in 2007, has announced its positive findings. The IMF final report, published the end of June 2008, gives good marks to the Liechtenstein supervisory authorities.
Liechtenstein has carried out a reform of its law governing Liechtenstein foundations.
Liechtenstein has set out the goal of applying leading
standards in the fight against money laundering and financing
The State of Liechtenstein is the sole or partial owner of
several public enterprises and institutions.
Perspective study on participation in the healthcare market
Healthcare is a top priority in society as a personal resource,
social capital and status symbol. Liechtenstein commissioned a
perspective study to ascertain the potential for participation
in this healthcare market.
New markets in the Middle East and Southeast Asia have made
the business activities of Liechtenstein financial
intermediaries even more international.
With the current tax affair in Germany, Liechtenstein is
again coming under pressure by large states to modify its