Tightening of Lex Koller? Turning point on 2 June 2014
The second chamber of the Swiss Parliament, the Council of States, decides on 2 June 2014 on two pending motions for a tightening of the Lex Koller. These motions request that the acquisition of commercial properties, the acquisition of shares in listed real-estate companies and the acquisition of shares in regularly traded real-estate funds shall again be subject to the Lex Koller.
In April, the Committee for Legal Affairs of the Council of States decided with a small margin to recommend to reject the motions. If the Council of States rejects the motions on 2 June, the tightening will be off the table. If the Council of States approves the motions, the Federal Council will have to prepare a bill within two years.
On 27 September 2013, a left-wing national councillor filed two motions requesting a tightening of Lex Koller, the federal law limiting the acquisition of non-commercial real estate in Switzerland by non-residents. The government proposed to approve the motions in a virtually unnoticed decision and the National Council, the first chamber of the Swiss Parliament, approved them without any debate on 13 December 2013…
Click on the link below to read the rest of the Bär & Karrer briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Bär & Karrer
Briefings from Bär & Karrer
Positive signal for entrepreneurs and high-net-worth individuals.
Getting in line with international money-laundering and terrorism standards.