Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

Start by selecting your Topic of interest below. Then choose your Regions and finally refine the exact Subjects you are seeking clarity on to view detailed analysis provided by our carefully selected internationally recognised experts.

4. Results: Answers
Does the fintech sector present any specific challenges or concerns from a competition perspective? Are there any pro-competition measures that are targeted specifically at fintech companies?

Answer ... Liechtenstein’s favourable, company-friendly legislation has created a flexible environment that presents companies with abundant opportunities to grow. In relation to fintech specifically, the most noteworthy recent example is the Tokens and Trusted Technologies Service Provider Law (TTTL), which will provide a clear legal framework for players in this sector. This exemplifies the principality’s commitment to providing a secure and trustworthy space in which companies can thrive. Legal certainty is ‘pro-competitive’ in the sense that this should attract more fintech companies to Liechtenstein; and the attendant increase in competition should lead to more optimised solutions, while also developing a space in which know-how is pooled and shared to promote further growth.

With regard to competition specifically, the EU Unfair Commercial Practices Directive applies in Liechtenstein and has been implemented in the form of the Act on Unfair Competition.

For more information about this answer please contact: Thomas Nägele from NAGELE Attorneys at Law LLC