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Related briefings

New Digital Switzerland Strategy by Federal Council

By Jürg Schneider, Hugh Reeves On 6 September 2018 the Federal Council announced (in German, French, Italian and English) that it had adopted a new Digital Switzerland strategy for the next two years. The new strategy replaces the 2016 Digital Switzerland strategy and, like its predecessor, aims to prioritise the government’s efforts in the digital realm. Under […]

Swiss Lower House approves corporate tax reform

By Maurus Winzap, Robert Desax On 12 September 2018, the Swiss National Council (Lower House– Nationalrat – Conseil national) approved the revised version for a corporate tax reform (“Tax Proposal 17”). It is based on the Government’s proposal issued in March 2017 and on the version negotiated in the Upper House (Ständerat – Conseil des États) in […]

Developments in the Swiss securitisation market in 2017-18

By Lukas Wyss In July 2017, BMW (Schweiz) AG closed a new public Swiss auto lease ABS transaction. The transaction features the issuance of €325m Class A Floating Rate Notes via BMW’s Luxembourg platform Bavarian Sky Europe S.A. (acting in respect of its Compartment Swiss Auto Leases 2). This was one of the first Swiss public […]

FONES publishes Minimum Standard for Improving ICT Resilience

By Jürg Schneider, Hugh Reeves On 27 August 2018 the Federal Office for National Economic Supply (FONES) published the Minimum Standard for Improving ICT Resilience (minimum ICT standard), together with a self-assessment tool. Compliance with this standard should allow organisations to successfully fend off cyberattacks and mitigate cyber-risks. The minimum ICT standard primarily targets critical infrastructure providers […]

The International debt capital market handbook 2019

By Lukas Wyss, Walder Wyss Ltd. The legislative process towards passing the new FinSA and FinIA kicked off in November 2015. The FinSA and FinIA will create uniform competitive conditions for financial intermediaries and improve client protection. The acts shall further promote competitiveness of the Swiss financial centre and, by creating a level playing field, competitive […]

Latest Briefings

Blog: Application for an inquest into Alfie Evans’ death is without merit

By Bridget Dolan QC R (Allman) v HM Senior Coroner for Liverpool and Wirral The short and desperately tragic life of Alfie Evans, and his parents’ heart-rending fight to have him transferred to Rome for continuation of his life sustaining treatment, has recently been fully played out in the public arena. The public hearings in the […]

Implications of a ‘no Brexit deal’ on business structuring, accounting and audit

By Alison Johnson As 29 March 2019 draws ever closer and Brexit withdrawal negotiations continue, the UK government has started to release a series of technical notices outlining the implications of a “no Brexit deal” on certain key topics and industries. Noting that changes in business structuring, accounting and audit will be of interest to […]

Mortgage portfolio transfers – How a stitch in time saves nine

By Abigail Hadfield Inadvertently failing to transfer the legal title to even a handful of mortgages following a portfolio acquisition can be a costly mistake. The secondary market in residential mortgage books is thriving, and purchasers are increasingly being caught out by this apparently simple issue. In the majority of cases, a suitably-worded power of […]

Governing law and jurisdiction clause in contracts

By Gordon Bell, Tom Price, David Lowe Governing law and jurisdiction or dispute clauses are two distinct things. Governing law is the substantive law of the contract and dispute resolution clauses are the clauses that tell you where and how your dispute is going to be resolved. They are very different. One does not imply the other and […]

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Olswang turns down multi-million pound Google group claim instruction

Olswang has turned down an instruction on a multimillion-pound group claim against Google, despite representing the claimants in a similar test case against the technology giant. Claimant Google Action Group, which is made up of 5,000 individuals, has instead turned to Hausfeld for its claim that Google breached its duty of confidence to Safari users […]

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Brodies increases costs to boost profit

Last week Brodies announced its fifth consecutive year of growth with turnover increasing 11 per cent to £57.9m and profit up 14 per cent to £27.1m, but despite these positive results the firm’s costs also soared. Last year the firm’s costs increased by 8.8 per cent, from £28.4m in 2013/14 to £30.9m (27 July 2015). […]

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Slater & Gordon under scrutiny as SFO investigates Quindell

It has been one of the largest acquisitions made by a firm to date, but this week Slater & Gordon (S&G) sought to put some distance between it and the historical accounting practices of Quindell as the latter came under investigation from the Serious Fraud Office (SFO). Quindell marched into the legal market in December […]

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Simmons & Simmons to close Rome office

Simmons & Simmons is set to close its office in Rome and move all of its Italian operations to its office in Milan. The firm said it was fully committed to the Italian market through its Milan office, and that the decision to close its base in Rome came after a detailed review. Senior partner […]

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