Second Mario Frick cabinet

The 1997 Liechtenstein general election resulted in a win for the Patriotic Union.

[4][5] The government was faced with the challenge of the 1999–2001 Liechtenstein financial crisis, where the German Federal Intelligence Service accused various banks, politicians and judges within Liechtenstein of cooperating with organized crime to promote money laundering.

As a result the government oversaw reforms to the Liechtenstein financial sector to combat organized crime and money laundering.

[6] The government also faced continued issues with foreign relations, such as in 2001 a dispute with Germany started in the International Court of Justice over royal property confiscated in order to pay war debts.

[citation needed] The 2001 Liechtenstein general election resulted in a win for the Progressive Citizens' Party.