Part 2 Federal Office for Migration and Refugees.
Section 51 Termination of lawful residence; continued validity of restrictions. Section 54 Interest in expulsion. Section 55 Interest in remaining. Section 56 Monitoring for internal security reasons of foreigners required to leave the country. Section 56a Electronic location monitoring; authorisation to issue statutory instruments.
Part 2 Enforcement of the obligation to leave the federal territory. Section 58a Deportation order. Section 59 Deportation warning. Section 60 Prohibition of deportation. Section 60a Temporary suspension of deportation Duldung. Section 61 Geographic restrictions; residence restriction, departure facilities.
Section 62 Custody awaiting deportation. Section 62a Enforcement of custody awaiting deportation. Section 62b Custody to secure departure. Chapter 6 Liability and fees. Section 63 Obligations of transport carriers. Section 64 Return transport obligation on the part of transport carriers. Section 65 Obligations of airport operators. Section 66 Parties liable for costs; security. Section 67 Scope of liability for costs.
Section 68 Liability for living expenses. Section 68a Transitional provision regarding declarations of commitment. Section 70 Limitation of actions in respect of claims. Chapter 7 Procedural provisions. Part 1 Areas of competence.
Section 71a Jurisdiction and notification. Section 72 Consultation requirements. Section 72a Security check of visa application data. Section 73 Other consultation requirements in visa procedures, in public register and asylum procedures and in issuing residence titles.
Section 73a Notification of the issuance of visas. Section 73b Background check of persons and organisations involved in visa procedures. Section 73c Cooperation with external service providers. Section 74 Consulting the Federation; authority to issue instructions. Section 74a Transit of foreigners. Part 2 Federal Office for Migration and Refugees. Part 3 Administrative procedures. Section 77 Written form; exemption from formal requirements.
Section 78 Documents with an electronic storage and processing medium. Section 78a Forms for residence titles in exceptional cases, identity card substitute and certificates. Section 79 Decision on residence. Section 80 Legal capacity. Section 81 Applying for the residence title. Section 82 Cooperation by the foreigner.
Section 83 Limits on the right of appeal. Section 84 Effects of an objection and a legal action. Section 85 Calculation of residence periods. Section 85a Proceedings in case of specific indications of wrongful acknowledgement of paternity. Part 4 Data protection. Section 86 Collection of personal data. Section 87 Transfer of data and information to foreigners authorities. Section 88 Transmission of data and information in the case of special statutory regulations on the use of data.
Section 88a Processing data in connection with integration measures. Section 89a Procedural provisions for the database for found documents. Section 90 Transmission of information by foreigners authorities.
Section 90a Notifications by the foreigners authorities to the registration authorities. Section 90b Comparing data between foreigners authorities and registration authorities. Section 90c Data transmission in visa procedures via the Federal Foreign Office. Section 91 Storage and erasure of personal data. Section 91a Temporary protection register. Section 91e Common provisions for the temporary protection register and for intra-Community data transmissions.
Chapter 8 Commissioner for Migration, Refugees and Integration. Section 92 Office of the Commissioner. Section 94 Scope of authority. Chapter 9 Provisions as to punishments for criminal offences and fines. Section 95 Penal provisions. Section 96 Smuggling foreigners into the federal territory. Section 97 Smuggling foreigners into the federal territory resulting in death; smuggling for gain and as organised gangs. Section 98 Provisions as to fines.
Chapter 9a Legal consequences of unlawful employment. Section 98b Exclusion from subsidies. Section 98c Exclusion from the award of public contracts. Chapter 10 Authorisation to issue statutory instruments; transitional and final provisions. Section 99 Authorisation to issue statutory instruments. Section Continued validity of previous rights of residence. Section Continued validity of other measures under the law on foreigners and consideration of prior periods.
Section Application of previous law. Section Transitional provisions. Section a Regulations governing old cases. Section b Right of residence for integrated children of foreigners whose deportation has been suspended. In December , parliament abrogated the contingency of the banking concession on the founder and hence the related time limitation for VP Bank.
In return, VP Bank committed to keeping at all times a minimum of 60 per cent of its voting rights and 51 per cent of its share capital legally and beneficially in the hands of Liechtenstein citizens. The economic environment for VP Bank in the period between and was marked by currency, stock market and banking crises. To defend against excessive capital inflows from abroad, the Swiss government in June prohibited the payment of interest on foreign CHF-denominated deposits and imposed a commission on them negative interest rates of up to ten per cent quarterly, i.
VP Bank increased its share capital twice by 15 million Swiss francs in and And finally, the bank was granted in a full concession to offer the entire range of banking products, including savings accounts and mortgages.
During this consolidation phase, its total assets increased from to million Swiss francs and the workforce more than doubled from 41 to The bank, which had established a number of foreign subsidiary companies in the years after , published its first consolidated financial statements for the business year. Over the two decades of this boom phase, its total assets increased from million end to The main book turnover single-sided of the parent bank alone surged from 6.
Business for VP Bank Group flourished in the second half of the s: In the years between and , there was also a doubling of client assets under management from CHF 15 billion end to 31 billion. Consolidated net income increased from 48 million to million Swiss francs. As always, VP Bank placed those funds only with top-rated banks.
The progressively internationalised bank redoubled its risk management efforts in the late s and introduced an Asset and Liability Committee. Consolidated net income also fell from million Swiss francs in to 68 million and ultimately 38 million Given the dismal financial market environment, the bank was forced to haircut the value of its proprietary securities holdings including its own VP Bank shares report a loss of 38 million and 75 million Swiss francs for this business segment.
The collapse in was also attributable to a decrease in assets under management from CHF During , the workforce was reduced from to employees. A recovery got underway in , with gross income surging back to million Swiss francs and consolidated net income to CHF 95 million, thereby putting the bank back on its successful pre-crisis course. By the end of , total assets had returned to CHF 9.
Gross income of CHF million now stood 30 per cent higher than two years earlier In , Liechtenstein signs thirteen international agreements on cooperation in tax matters, which in turn led to its removal from the so-called " grey list " of the OECD. For Liechtenstein, the treaties with large countries such as the USA, Great Britain, Germany and France afforded the greatest positive effect in terms of credibility, reputational gains and legal certainty for clients.
The Liechtenstein banks continued to demonstrate their financial strength and stability also in — compared to their European peers, they stood out for their high equity capital ratios and needed no state support during the financial crisis. In keeping with tradition, they perform no investment banking activities but instead focus on private banking and wealth management.
Hartmann to become the future chief executive officer of VP Bank Group. He took over that post on 1 April from Fredy Vogt, who had led VP Bank during the past five months on an ad interim basis. Luxembourg becomes the final banking location of VP Bank Group to integrate the Avaloq banking software system. As a result, the products and services of the entire VP Bank Group can be efficiently and easily harmonised and adapted to client needs. As previously announced at the annual general meeting of shareholders, Hans Brunhart, after18 years of membership on the board of directors and sixteen of which, as its chairman, decides not to stand for re-election.