How can the LDF that is established pursuant to the MOU be clarified, varied or terminated?
The MOU sets out the joint understanding of the Liechtenstein Government and HMRC as to how the LDF will operate. The terms of the MOU can be varied by agreement between the parties or terminated by either party. If and when appropriate, the parties will issue clarification regarding issues relating to the MOU in order to ensure the orderly running of the facility, in accordance with the joint understanding between the parties as to how the facility will operate. The parties will provide any necessary further clarification in the upcoming Second Joint Declaration.
