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IFLR - Bonus battles: Swiss court reins in EFD over Credit Suisse pay cuts
In a landmark judgment dated March 31 2025 (Case B-3655/2023), the Swiss Federal Administrative Court (Bundesverwaltungsgericht) ruled on the legality of a controversial order by the Swiss Federal Department of Finance (EFD) to cancel or reduce deferred variable compensation (‘bonuses’) of Credit Suisse employees. The court partially annulled the EFD’s order, underscoring the limits of regulatory intervention and the importance of respecting legal principles, even during systemic crises.
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Good business performance requires a healthy capital base. We specialize in cross-border financing and advise investors and companies in choosing the right financing structure and ensure professional implementation. Our banking & finance team was a pioneer in the introduction of syndicated loans to the Swiss market in terms of leveraged finance and project finance transactions in a variety of sectors (such as technology, communications, automotive, chemicals and transport)
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Back to Mühlebachstrasse – Prager Dreifuss Returns to Bahnhof Stadelhofen
A year with a lake view is coming to an end: After twelve exciting months at Bellerivestrasse 201, we are moving back to our newly renovated offices at Mühlebachstrasse 6 on 3 March 2025.
Our temporary relocation to Tiefenbrunnen has been an adventure – from packing boxes to enjoying the view and discovering new lunch spots. But now, we are excited to welcome our clients and visitors back to our familiar location right next to Bahnhof Stadelhofen.
Our team has handled the transition with remarkable organization and dedication, ensuring that we remained fully operational for our clients throughout the relocation and renovation. And of course, a big thank you to everyone who shared their insider tips on the best restaurants, cafés, and after-work drinks in Tiefenbrunnen – some of them may remain our favorites!
We look forward to welcoming you back at Mühlebachstrasse 6 from 3 March!