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Offshore Trusts Report: LiechtensteinFoundations In 2008, Liechtenstein's parliament approved reform of the jurisdiction's foundations law which, the government claims, adhere to international standards while continuing to protect privacy. The new foundation law was due to enter into force on April 1, 2009. The reform is part of the government's ongoing modernization of Liechtenstein company structures which has included revisions to the law governing associations and cooperative societies, and the introduction of the European Company and the European Cooperative Society. As announced by the government, a revision of trust law will follow.
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