The Bastille-Affair
Check back regularly for exclusive breaking news stories on this hair-raising legal battle! Lady Monika Bacardi and her daughter Maria Luisa Bacardi are fighting against Liechtenstein professional trustees and their opqaque trust structures. The outcome of the legal proceedings will affect trust & wealth legislation in Central Europe for the next decade.
News on the CaseAfter desperate attempts to receive the Deed of Gift, in which Lord Luis Bacardi gifts without any doubt his shares to his daughter Maria Luisa, the original document was finally retrieved from the archives of the trustees. This is further proof for the misconduct of the trustees and the nullity of the Bastille Trust. In […]
After the passing of her beloved husband, Lady Monika had to deal with inheritance matters. Apparently, also the Trustees dealing with Bastille Trust were aware of this situation, as they feared, that Lady Monika could fight over the heirship on behalf of her daughter. A recently obtained protocol of a trustee meeting between L.M., Ernst […]
Sometimes the new finding is that there is none. Until this day, neither a contract justifying the transfer of assets or shares from Lord Luis Bacardi to a previous trust structure (Firstinvest/Primeinvest), from which the shares were transferred to the null & void Bastille Trust, could be found, nor could the trustees provide one. This […]
What happened exactly? In the late 80s, when Lord Luis Bacardi lawfully took 50% of his assets out of the Corniche Trust, the Contingent Beneficiaries sued him in Liechtenstein. The lawfirm Marxer & Partner represented the Contingent Beneficiaries in this fraudulent scheme (s. Screenshot). At first sight, it seemed they sued him out of greed. […]
The Liechtenstein newspaper Volksblatt reported that Monika Bacardi and Maria Luisa Bacardi have again urged the Principality of Liechtenstein and the relevant authorities to take action in the dispute over claims for shares in the well-known spirits producer Bacardi LTD, according to an announcement made on Friday. Billions are at stake, and the claim for […]
Discrimination of Beneficiaries Unfortunately, the changes in the law do not touch the core of the problems of the Trustee Act. Beneficiaries of Liechtenstein trusts (trusts) continue to be grossly disadvantaged. The legal position of discretionary beneficiaries must be massively improved – similar to the foundation. They will in fact no party status in judicial […]
The scandal surrounding the former chairman of the board of Deutsche Post, Klaus Zumwinkel, is becoming apparent just as foreign criminals are also using the Liechtenstein system for their base motives. This affair proves that the Liechtenstein financial sector does not take the possible regulations for suspicious money reports or “know your customer” rules too […]
As the owner of the Vaduz High Society Bar Esquire, Mario Staggl was connected, not just within the fiduciary sector, but with the who-is-who of influential people in Liechtenstein and Switzerland as well. Without question, he is one of the most dazzling personalities among Liechtenstein trustees. But how could a trustee afford such a luxury […]
In Liechtenstein, a trustee’s victim said once, the beneficiaries [of a trust] have no rights. If a trustee is stealing your money, you can bang your head against a wall and it will help more than a court in Liechtenstein. This article, published in 2018 in the Financial Times, impressively illuminates the systematic weaknesses of […]
“Settlors’ rights of intervention would only be half-heartedly observed, beneficiaries would be given meaningless information, and individual family lines would be favored for no reason. Foundations would even continue without beneficiaries, which essentially only provide income to foundation organs and advisors. Sub-optimal investment of assets also occurs. And even the courts would sometimes give cause […]