Trusts & Trustees

A new form of corruption

For some years now, economy and society have been witnessing a progressive regulation and control, which is constantly increasing the administrative burden in companies, imposing requirements on citizens regarding their way of life, and further inflating the state apparatus. In his current article for the industry magazine Trusts & Trustees, H.S.H. Prince Michael of Liechtenstein sheds light on how the decisions of the G20 are related to this, how the ruling of the Court of Justice of the European Union (CJEU) regarding transparency registers is to be understood and why the EU Taxonomy Regulation will most likely be to the detriment of certain industries, entrepreneurs, employees and citizens. For those working in the fiduciary trust business, it is necessary to understand such developments so that they can continue to fulfill their main task, namely to preserve and protect assets and values in the long term.


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