Building an asset structure for a start-up and winning up to 9,000 Swiss Francs? This prize money will be awarded to those students of the Liechtenstein University who convice with their approach to solve a complex case study from the Liechtenstein trust business.
We are happy to inform that we have launched the fifth I&F Family Wealth Preservation Award in cooperation with the Liechtenstein Business Law School of the University of Liechtenstein. The I&F Family Wealth Preservation Award is an essay competition and as such embedded in the Executive Master of Laws (LL.M.) in Company Foundations and Trust Law program.
This year's hypothetical case study is about siblings of an entrepreneurial family who disagree with a recent sale of shares in a family business. They have no grudge against the family, but this sale has strengthened their decision to start their own entrepreneurial path. They intend to enter the business field of autonomous driving, the start-up has been founded and the siblings have developed a stringent business plan. As a next step, they intend to set-up further companies in different countries and to launch cooperations with relevant manufacturers and respective technology developers. Due to their recent intra-familial experience, they want to make sure right from the beginning that the future company shares are kept strictly together and remain in family ownership.
H.S.H. Gisela Bergmann, Princess of Liechtenstein, explains that this year's case study shows the complexity that must be taken into account when structuring a family's assets. The core focus of a fiduciary activity is not primarily to set-up legal entities, but to secure the long-term preservation of wealth, assets and family values through various mechanisms. The non-legal perspective and the understanding of a family, its intra-familial situation as well as the objectives and values of the clients are at least as important as the legal and tax perspective or the appropriate application of legal instruments. She expresses her delight, that the I&F Family Wealth Preservation Award has once again attracted the interest of students. It confirms the need for a high level of practical relevance in educational programs.
Prof. Dr. Alexandra Butterstein is convinced of the opportunity to apply the students' theoretical knowledge gained in the Executive Master of Laws (LL.M.) in Company Foundations and Trust Law program to solving a multifaceted and complex case study. The I&F Family Wealth Preservation Award provides the LL.M. students with the practical knowledge needed in the Liechtenstein fiduciary business.
Photo (c) Liechtenstein University
On May 30, 2022 H.S.H. Gisela Bergmann, Princess of Liechtenstein, CEO and Managing Director of Industrie- und Finanzkontor, awarded the winners of the fourth I&F Family Wealth Preservation Award with a prize money of CHF 9'000:
Winner of the 1st prize: Anton Löhmer (DE)
Winner of the 2nd prize: Marco Lettenbichler (AT)
Winners of the 3rd prize: Cynthia Kranz (LI) and Christiane Mocker (DE)
The I&F Family Wealth Preservation Award, an essay competition, is embedded as an elective module in the LL.M. Executive Master's Program in Corporate, Foundation and Trust Law of the University of Liechtenstein. The award honors essays that convince through a high level of practical relevance and scientific expertise. The award is a successfull cooperation between science and the fiduciary practice.
Find out more about the I&F Family Wealth Preservation Award in the media excerpts below (in German language). Photo: Nils Vollmar, Balzers (LI).
The world is back in a phase that increases the need for wealth protection, whereas the trust business faces three main challenges. Prince Michael von und zu Liechtenstein examines the future of Liechtenstein's trust Business.
An article about a trustee's part in times of increasing transparency.
This newsletter addresses the risks and jeopardies which are a bane to wealth, and illustrates what is needed to preserve wealth in the long-run.
An article about public debts and private asset protection.
An article about the Liechtenstein foundation in the context of family governance.
This newsletter gives you an insight into Family Governance.
This newsletter informs about a beneficiary's position within the Liechtenstein Foundation Law and draws a comparison of the foundation and the trust.
This newsletter includes information about the new Liechtenstein Foundation Law and the Liechtenstein establishment.
This newsletter informs about the tax reform in Liechtenstein and the Liechtenstein trust.
On the 22nd of June 1948 members of the Princely House of Liechtenstein founded Industrie- und Finanzkontor, to restore family assets after the end of the Second World War and to manage them in a more targeted manner.
The long-term safeguarding of assets and wealth emerged as a general key issue.
75 years at the service of families and entrepreneurs.