According to recent studies, Swiss banks manage a total of around CHF 7.9 trillion in assets, whereby approximately 46% of the total amount is attributable to private clients in Switzerland and abroad and the remaining 54% is held by companies and institutional clients. This makes Switzerland one of the world's leading financial centres and, with a market share of around 25%, it can maintain its position as the most important financial centre for cross-border wealth management (cf. Bank Barometer of the Bankers Association).
While the aggregate business success of banks in Switzerland continues to rise, a study by Finalix AG shows that Swiss banks collected around CHF 4.2 billion in retrocessions in 2012 alone. This represents about 12.4% of the value added in the Swiss banking sector.
Despite several Swiss Federal Court rulings, whereby it was already established in the ruling BGE 4C_432 from 2006 that retrocessions are in principle due to the investors and the low willingness of the Swiss financial institutions to repay the collected retrocessions to their clients, huge sums in favour of the banks become time-barred every day.
These figures show the importance of retrocessions on Swiss banks and asset managers, and also explain why they are reluctant to pay back the money they have collected. According to our clients' reports, it is almost impossible to reclaim retrocessions on your own and if successful, the settlement will be very low with no interest added.
With its Retro-Back product, Liti-Link offers an easy, fast and customer-oriented service. By assigning Liti-Link, our clients can benefit from Liti-Link's know-how and experience without any financial risk. Once your claims have been assigned, Liti-Link will begin the recovery process. Only in the event of a successful recovery of the retrocessions will Liti-Link receive a success fee.
Liti-Link also offers investors in Liechtenstein the successful model that has been proven a hundred times over in Switzerland: Risk-free recovery based purely on success fee. The broad experience from Switzerland can be transferred to its small neighbour. Liti-Link has already successfully reclaimed retrocessions from Liechtenstein asset managers many times in the past.