Lack of transparency, excessive costs and conflicting interests – the trust sector in Liechtenstein has been subject to severe criticism in the past. In order to ensure that in future the customers of the financial market are being looked after in the best way possible, the Liechtenstein Institute of Professional Trustees and Fiduciaries has changed their Rules of Conduct. How this was done and what opportunities arise for customers, who have lost their trust in professional trustees, is demonstrated in the following article.
Article written by Dr. Helmut Schwärzler, MMag. Martin Hermann and Mag. Sara Sahranavard, in Die Privatstiftung (PSR), 2/2019
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