LIECHTENSTEIN Trends and Developments Contributed by: Michael Nueber and Philipp Konzett, Nueber Konzett
effect of awards and compliance with fundamental procedural standards. The principal development in the upcoming years is therefore not a major legislative reform, but the increasingly strategic use of the existing framework. This is particularly evident in cross-border private wealth disputes, where confidentiality, international enforceability and the preservation of assets or gov - ernance arrangements may be decisive. The practical effectiveness of arbitration will often depend on how well the proceedings are co-ordinated with applica - tions for interim relief and with enforcement measures in the jurisdictions where relevant assets are located.
For practitioners and clients, the central issue is increasingly the quality of the arbitration clause. Liech - tenstein is well positioned as a seat for such disputes, but the benefits of its framework will depend less on the use of arbitration as a standard provision than on careful drafting, early procedural planning and a real - istic cross-border enforcement strategy.
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