Trust Quarterly Review - 24.03.2023

The retro effect

A look at how practitioners should respond to the retrocession crisis in Liechtenstein.

In 2022, the Liechtenstein Parliament changed the limitation period for claims for the repayment of retrocessions wrongly withheld from 30 to three years in favor of Liechtenstein banks and asset managers. The author provides an overview of the latest developments in Liechtenstein case law and legislation on the subject of retrocessions and discusses the consequences of these developments for trustees and administrative boards of Liechtenstein trust structures.

You can find the full article at this link.