The Conciliation BoardWhat is the purpose of the Conciliation Board?
The extrajudicial Conciliation Board is a mediator for conflicts between
clients and banks, investment and asset management companies
and payment service providers. It is a neutral and cost-free service
that deals with concrete complaints of clients.
The Conciliation Board supersedes the instituion of the Bank Ombudsmann. Its field of action comprehends a broader specturm of institutes. Apart from banks, it is also responsible for investment firms, asset management companies and payment service providers.
For the term starting on November 1st 2009 until December
31st 2013 the government has chosen Dr. Peter Wolff, Lawyer in Vaduz,
as the conciliation person.
Dr. Wolff already used to be Bank Ombudsman from April 2005.