LIECHTENSTEIN Trends and Developments Contributed by: Christoph Bruckschweiger, Benedikt König, Philipp Benda and Magdalena Marxer-Friedrich, paragraph 7
Introduction This article explores three key topics currently shap- ing the dispute resolution landscape in Liechtenstein, reflecting both recent developments and enduring features of its legal environment. First, it addresses the increasing prominence of litiga- tion involving ultra-high net worth individuals (UHN- WIs), a trend that mirrors Liechtenstein’s role as a leading jurisdiction for complex private wealth struc- tures. Second, the article examines the growing relevance of bonds in dispute resolution. Reflecting their expand- ing role in the financial market, bond-related disputes are gaining practical importance and raising novel legal and procedural questions for courts and prac- titioners alike. Third, it turns to a longstanding “evergreen” of Liech- tenstein litigation: the Anstalt (establishment). Despite its traditional roots, the Anstalt continues to feature prominently in contentious proceedings, not least due to its unique legal characteristics and its frequent use in wealth structuring. Together, these topics illustrate both continuity and change in Liechtenstein’s dispute resolution land- scape, highlighting the interplay between established legal institutions and emerging trends. UHNWI Litigation Overview In recent years, Liechtenstein has witnessed a notice- able increase in litigation involving UHNWIs. While the principality has long been a preferred jurisdiction for wealth structuring, asset protection, and succession planning, the growing complexity and scale of global fortunes have begun to manifest more visibly in con- tentious proceedings before its courts. This trend reflects both the structural role Liechtenstein plays in international wealth management and the inherently sensitive dynamics that accompany concentrated, multi-generational wealth. A key driver of this development lies in the significant number of high-value asset structures that maintain a nexus to Liechtenstein. Foundations ( Stiftungen )
and trusts administered under Liechtenstein law are frequently used as top-level holding or controlling entities within broader international structures. These vehicles are particularly attractive due to their flexibil- ity, robust legal framework, and long-standing reputa- tion for stability and confidentiality. As a result, many global family fortunes – often spanning jurisdictions, industries, and generations – are ultimately anchored in Liechtenstein entities. However, the very features that make these structures effective for wealth preservation can also give rise to disputes. Foundations and trusts typically involve multiple stakeholders: founders, beneficiaries, pro- tectors, board members, and trustees. Over time, differing expectations, changes in family dynamics, or shifts in economic conditions can lead to conflicts among these parties. In many cases, disputes arise over questions of control, transparency, distribution policies, or the interpretation of founding documents. When such disagreements escalate, they frequently culminate in litigation before Liechtenstein courts. The narrative underlying many of these disputes often bears a striking resemblance to the themes popular- ised by the television series Succession. At their core, these cases tend to revolve around power, legacy, and control within wealthy families. Founders may seek to maintain influence beyond their lifetime through care- fully designed governance mechanisms, while the next generation may challenge these arrangements in pursuit of greater autonomy or perceived fairness. Sibling rivalries, questions of competence, and dis- putes over strategic direction are common elements. Although the legal framework is formal and technical, the human dimension of these conflicts is often deeply personal and emotionally charged. Characteristics of UNHWI litigation in Liechtenstein UHNWI litigation in Liechtenstein is distinguished by several defining characteristics. First and foremost is its intensity. These cases typically involve exten- sive factual records, complex legal issues, and a high degree of procedural activity. Court proceedings can be prolonged and multifaceted, often encompassing interim measures, evidentiary hearings, expert opin- ions, and appeals. Given the high stakes involved,
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