Our Publications

Decentralized Finance (DeFi): An interdisciplinary overview

Bergt, J. (2024). Decentralized Finance (DeFi): An interdisciplinary overview. Zeitschrift für das Recht der digitalen Wirtschaft (ZdiW), 4(1), 30-41.

Decentralized Finance (DeFi)

Bergt, J. (2024). Decentralized Finance (DeFi): Ein Literature Review aus Wirtschafts- und Rechtswissenschaftlicher Perspektive mit praktischen Implikationen. ÖBA BankArchiv, 72(1), 35–44. https://doi.org/10.47782/oeba202401003501

Decentralized Finance Unmasked

Behavioral Finance and Public Policy Insights on Financial Market Regulation

Nomos Publishing, Baden-Baden, doi.org/10.5771/9783748943013 

Decentralized finance (DeFi) is a form of finance without central financial intermediaries. This work explores the interplay of behavioral finance and public policy in the emerging field of decentralized finance.

Note on Markets in Crypto Assets

From VASP (Virtual Asset Service Provider) to CASP (Crypto Asset Service Provider) under the European Regulation on Markets in Crypto-assets (MiCAR).

Trust in Blockchain-Technology in a Sharing Economy

This article first gives a brief overview of blockchain technology and a possible range of its applications under the premise of a decentralized technological environment. The article then highlights the foundations of a sharing economy, outlines the mechanisms of trust in intermediating technology platforms, and finally shows the ways in which disruptive technologies, such as decentralized blockchain technology, can have an impact on a sharing economy.

Lecture “Podium Recht”: Tokens as dematerialized securities

Lecture at the law panel of the Private University of Liechtenstein (UFL Triesen) on tokens as dematerialized securities/value rights (crypto assets).

Liechtenstein: Data protection and employment, OneTrust DataGuidance

As the General Data Protection Regulation (Regulation (EU) 2016/679) ("GDPR") allows Member States to provide for more specific rules on the processing of data of employees, national legislation in this area should be carefully considered and taken into account.

Tokens as Value Rights & Token Offerings and decentralized Trading Venues

A securities civil law and securities regulatory law analysis from the perspective of Liechtenstein with special consideration of relevant Union acts in Banking and Financial Market Law Liechtenstein, 2nd slightly revised edition, Norderstedt, German, ISBN: 978-3-7504-2737-2737.

Codices of Liechtenstein Law

Various volumes have been published in this series:

• Civil Law (ISBN: 978-3-7504-0022-1)
• Civil Procedure Law (ISBN: 978-3-7504-8751-2)
• Criminal Law (ISBN: 978-3-7519-5286-6)
• Corporate law (ISBN: 978-3-7519-2395-8)
• Commercial and Business Law (ISBN: 978-3-7504-1711-3)
• Constitutional Law I (ISBN: 978-3-7519-5373-3)
• Constitutional Law II (ISBN: 978-3-7504-9607-1)
• COVID Laws (as of 05/2020) (ISBN: 978-3-7519-3149-6)

Public consultation on an EU framework for markets in crypto-assets (MiCAR), through thinkBLOCKtank asbl

As President von der Leyen stated in her policy guidelines for the new Commission, it is crucial that Europe realizes the full potential of the digital age and strengthens its industrial and innovation capacity within safe and ethical boundaries. Digitalization and new technologies are significantly changing the European financial system and the way it provides financial services to European businesses and citizens.

Liability of the executive and supervisory bodies in the Liechtenstein company limited by shares

Schulthess Juristische Medien AG, Zürich, ISBN: 978-3-7255-8112-2

Note on Data Protection in the Financial Sector, OneTrust DataGuidance

In Liechtenstein, the General Data Protection Regulation (Regulation EU/2016/679; GDPR) is in principle directly applicable. As Liechtenstein is a member of the European Economic Area (EEA) and not of the European Union, European regulations must also be incorporated into the EEA Agreement. The EEA Joint Committee decided on 06 July 2018 to incorporate the General Data Protection Regulation into the EEA Agreement (Decision of the EEA Joint Committee No. 154/2018; OJ L 183, 19.07.2018, p. 23).

STOs From a Legal Perspective, Aeternity Universe One, Prague

Presentation on Security Token Offerings at the Aeternity Universe One 2019 event in Prague.

Bergt / Esneault / Feldkircher / Nägele, National legal & regulatory frameworks in select European countries

Country Analysis Liechtenstein in The Regulation of Tokens in Europe Parts A & B: The EU legal and regulatory framework, thinkBLOCKtank asbl, p. 117

Cryptocurrencies and Blockchain Technology in Liechtenstein Supervisory Law, Regulatory Grey Zone?

Nägele / Bergt in Liechtensteinische Juristen-Zeitung, Issue 2 (LJZ 2/18), p. 63

This article shows the potential of "blockchain technology" for Liechtenstein legal users, but also the challenges it poses for the Liechtenstein legal system.

Retrocessions and the resulting claims against Swiss asset managers

Schwärzler / Bergt / Vollrath in liechtensteinjournal (LJ), 33rd issue 1/2017, p. 2

This article deals with the issue of the obligation to surrender retrocessions (kickbacks).

Zusammenschluss zur Gesellschaft bürgerlichen Rechts

AV Akadamikerverlag, ISBN 13: 978-3-639-88660-3