The Principality of Liechtenstein was established within the Holy Roman Empire in 1719. Occupied by both French and Russian troops during the Napoleonic Wars, it became a sovereign state in 1806 and joined the Germanic Confederation in 1815. Liechtenstein became fully independent in 1866 when the Confederation dissolved. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to enter into a customs and monetary union with Switzerland. Since World War II (in which Liechtenstein remained neutral), the country's low taxes have spurred outstanding economic growth. In 2000, shortcomings in banking regulatory oversight resulted in concerns about the use of financial institutions for money laundering. However, Liechtenstein implemented anti-money laundering legislation and a Mutual Legal Assistance Treaty with the US that went into effect in 2003.
Liechtenstein is a constitutional monarchy.
Source: CIA World Factbook
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Act amending the Land Transaction Act.
The present Act introduces some amendments to the Land Transaction Act of 9 December 1992. In particular, the Act amends, inter alia, article 9 dealing with authorization on behalf of competent authorities; article 13 concernig grounds for rejection and exclusion; article 15 on Submission obligation; article 16 on Municipal Land Transaction Commission; article 36 on Transition periods.
Amends: Land Transaction Act. (1992-12-09)
Land Transaction Act.
The objective of the present Act is to safeguard the public interest on the occasion of transfer of land or parts thereof to guarantee an even distribution of land throughout the national territory. The text consists of 38 articles divided into8 Parts as follows: General provisions and definition of terms (I); Subject to authorization (II); Conditions and requirements (III); Land transaction authorities (IV); Procedure (V); Civil liability (VI); Penalties (VII); Transitional and final provisions (VIII).
Act on conservation and protection of agriculture land.
The present Act lays down provisions relating to the permanent protection of soil against misappropriation in order to guarantee self-sufficiency and conserve the rural structures. The text consists of 8 articles as follows: Principle (1); Separation of municipalities (2); Soil requirements (3); Safeguard of agricultural land (4); Deadline (5); Provisional agricultural zone (6); Proceedings (7); Entry into force (8).
Constitution of Liechtenstein 1921 (rev. 2011)
The constitution was approved by the Diet and signed by the Prince.