Revision of the Swiss Anti-Money Laundering Act

Following recommendations from the Financial Action Task Force, the Swiss government has proposed legislation to shore up the integrity of its financial centre

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A guide to cross-border financing in Switzerland

By Daniel Hayek, Mark Meili Switzerland is home to approximately 250 banks with an aggregate balance sheet of about CHF3.23 trillion ($3.25 trillion). Consequently, the Swiss cross-border financing market is mature and well-developed. Local banks such as Credit Suisse, UBS and the Zurich Cantonal Bank (ZKB) are the dominant lenders when it comes to cross-border […]

Tax newsletter November 2019 – TRAF transitional measures

By Lukas Scherer, Laura Bartesaghi The tax reform will come into force on 1 January 2020. After New Year’s Eve 2019/2020, cantonal tax privileges for holding, domicile and mixed companies will be abolished. In order to mitigate the additional tax burden, companies that benefitted from privileged tax treatment until the end of 2019 will have […]

No-deal Brexit and jurisdiction issues-the Swiss position

By Dr. Urs Feller, Marcel Frey, Michaela Kappeler Dispute Resolution analysis: Dr Urs Feller, partner, Marcel Frey, counsel and Michaela Kappeler, associate, at Prager Dreifuss Ltd, Zurich, discuss from the Swiss perspective, the likely impact of a no-deal Brexit on civil justice matters involving UK parties and the approach to jurisdiction clauses, both prior to and […]

Recognition and enforcement of UK judgments in Switzerland post no-deal Brexit

By Dr. Urs Feller, Marcel Frey, Michaela Kappeler Dispute Resolution analysis: How will a no-deal Brexit affect the enforcement of judgments between the UK and Switzerland? Dr Urs Feller, partner, Marcel Frey, counsel and Michaela Kappeler, associate, at Prager Dreifuss Ltd, Zurich, discuss how this is likely to be impacted and the rules that will […]

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Disputes matter – Autumn/Winter 2019

By Gwendoline Davies, Malcolm Simpson, Nick Lees This briefing discusses about the following topics in detail. Ensuring effective dispute resolution Damages for breach of contract and loss of profit… without a contract: Clarifying collateral warranties Good faith? Good question: Premier League cases provide premier legal guidance to date My contract doesn’t say what it should […]

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Timor Leste: Second amendment to the Petroleum Act

By João Afonso Fialho By Law 6/2019, of 4th December 2019, the National Parliament approved a second amendment to the Petroleum Act (Law 13/2005, of 2 September 2005, as amend by Law 1/2019, of 18th January 2019), which entered into force on the 5 th December 2019. This Second Amendment reflects into the Petroleum Act […]

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The 10 employment myths of Christmas

By Laura Wright, Antonia Blackwell It’s the time of year for festive cheer, but unfortunately Christmas can also prove to be a real HR headache. This article dispels some of the employment myths that circulate at this time of year. 1. Christmas decorations should not be permitted Christmas decorations are seen as a fun part […]

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