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Tag: Liechtenstein

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Risk of reclassification of Data Tokens as securities. Switzerland (FINMA) and Liechtenstein (TVTG)

Swiss FINMA classifies tokens into three categories: payment tokens, utility tokens, and asset tokens. A utility Data Token that does not grant rights to a financial underlying is a utility token not subject to the Stock Exchange Act (LBVM). Switzerland has historically been favorable to blockchain innovation (Crypto Valley). Liechtenstein, with the Token and Trusted…

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A stunning aerial view of Lucerne, Switzerland with a Swiss flag and scenic lake backdrop.

Legal Analysis of the Swiss Federal Supreme Court (ATF) Case Law on Foreign Trusts

www.steelldy-indices.com The Swiss Federal Tribunal's jurisprudence on foreign trusts evolved in two phases. Pre-2007, trusts were analogized to fiduciary contracts or "organized assets" under old law, offering limited recognition with high reclassification risk. Post-ratification of the Hague Convention (2007), validly constituted foreign trusts are automatically recognized, ensuring asset separation and protection from the trustee's creditors.…

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