New EU matrimonial and partnership property regulations now effective

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Life Science Law Update – organ donation and access to psychotherapy

Popular initiative “Supporting organ donation – saving lives” The Federal Council supports the proposal of the initiative to allow organs to be removed from a deceased person if he or she did not oppose this during his or her lifetime in principle, but will suggest introducing certain measures in order to safeguard the rights of […]

Adjusted disclosure rules under Swiss corporate law

By Alex Nikitine, Dario Galli, Dimitrios Berger In December 2014, the Swiss Parliament approved the bill and introduced stringent disclosure obligations for shareholders of private companies. The law entered into force in July 2015. Said disclosure regime is commonly referred to as the Swiss «GAFIRules» (originating from the Groupe d’Action Financière, the Financial Action Task […]

Switzerland: National cybersecurity strategy

By Jürg Schneider, Christophe Gösken On 15 May 2019 the Federal Council adopted a plan to implement the national strategy to protect Switzerland against cyber risks (NCS) until 2022 and took additional steps towards the establishment of a cybersecurity competence centre. The implementation plan defines responsibilities within the federal administration and describes the tasks of […]

Switzerland adopts new corporate tax reform

On 19 May 2019 the Swiss voters approved the new corporate tax reform. The reform will set the basis for new rules on Swiss corporate taxation and will secure and enhance Switzerland’s overall attractiveness as a business location. The measures will enter into force in 2020…

Switzerland real estate – law and practice

Contents: Main sources of law Main market trends and deals Proposals for reform Sale and purchase Real estate finance Planning and zoning Investment vehicles Commercial leases Construction Tax

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Bulgaria introduces more detailed rules for provision of remote and online payment services

By Svilen Issaev, Denitsa Kuzeva The Bulgarian National Bank (the “BNB”) has recently adopted amendments to its Ordinance No 3 on the Terms for the Opening of Payment Accounts, Execution of Payment Transactions and Use of Payment Instruments (the “Ordinance”). The new amendments bring the Ordinance in line with the provisions of Commission Delegated Regulation (EU) 2018/389[1] (the […]

Bermuda Public Companies Update – July 2019

In the latest edition of our Bermuda Public Companies Update we recap significant transactions involving Bermuda public companies over the period H1 2019. Global market update The first half of 2019 saw a notable slow-down in global market activity from the same period last year. Capital raised in the global IPO market fell by 37%, with volume down 34% on […]

Reflecting on Reflective Loss

By Nigel K. Meeson Primeo Fund (In Official Liquidation) and Bank of Bermuda (Cayman) Limited, HSBC Securities Services (Luxembourg) SA (Cayman Islands Court of Appeal 13 June 2019) The common law principle of reflective loss has been judicially described as a “perplexing and developing area”. The most recent decision of the Court of Appeal in […]

Emerging Legal Issues in an AI-Driven World

Introduction Artificial Intelligence (“AI”) is the new marketplace reality. The increase in computing power, improved algorithms and the availability of massive amounts of data are transforming society. According to the International Data Corporation (“IDC”), the AI market is expected to hit $35.8 billion this year, which represents an increase of 44% since 2018.1 IDC has also projected global spending […]

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