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