Abstract
Competition between the European legal systems which recognise the institution of the foundation is not only played out in tax law but also in particular in civil law. In this context, issues regarding governance have increasingly come to the fore in the recent past. When comparing the new Liechtenstein foundation law to the corresponding laws in other European jurisdictions, it is striking that there is such a huge range of mechanisms available to achieve an optimal governance structure. It is in this respect that Liechtenstein stands out amongst its European competitors. The Liechtenstein legal system contains extremely attractive options with particular regard to the formation of mixed-purpose foundations combining both common- and private-benefit purposes.
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