Our approach to COVID 19
Dear Clients, Alumni and Friends
As the global coronavirus (COVID-19) pandemic continues to unfold, the Swiss government has in sum taken the following measures: closed all schools, forbidden all public and private events, closed all restaurants, bars, shops (except food markets, pharmacies and banks) and all entertainment and leisure institutions. They have strongly recommended that everyone stays at home unless working in homeoffice is not possible, they need to go to a doctor’s appointment, grocery shopping or help someone in need.
We would like to share information about the steps Prager Dreifuss has taken to align the government’s efforts to delay the outbreak and to protect the health and safety of our clients, firm colleagues and their families while maintaining business continuity.
We will continue to support our clients’ needs and navigate them through these challenging times and help them achieve their objectives.
Most employees work remotely from home. Our technical infrastructure is well prepared and everyone can continue working while converting to audio- or videoconferencing. The confidentiality, integrity and availability of all data is at all times secured by way of encription of all our devices.
Our reception and telephone desk is in operation every working day. In order to protect the health of our clients and employees, no meetings are held at our offices.
We will continue to monitor the situation closely and adapt our measures as necessary. We are confident to get through this exceptional situation with united forces and look forward to continuing working with and for you.
It is in such times that we are reminded that besides being your business partner, we are all members of the broader community and as such have a role to play in this evolving situation and we at Prager Dreifuss will do our part.
Stay safe and healthy!
Prager Dreifuss Ltd.
New article about a tax-efficient reorganization of real estate from the business unit which is for sale
In his latest article our tax partner Roland Böhi explains how an entrepreneur can reorganize his business with real estate so that the tax consequences are minimised when the business unit is subsequently sold and the real estate portfolio is still available to him as a capital investment. The article was published in Neue Zürcher Zeitung (German).
Insurance and Reinsurance law firm of the year
Prager Dreifuss received the Who’s Who Legal Switzerland Award for “Insurance & Reinsurance Switzerland Firm of the Year 2020”.
Additional deduction on research and development activities
The R&D super-deduction is an attractive tax measure which is not only favourable for companies but will also promote Switzerland as an international hub for innovation. Our publication deals with the key aspects of this tax measure.
Moot Court Trial Run at Prager Dreifuss
On February 11, 2020 the claimants from the University of Basel and the respondents represented by the University of Zurich fought an exciting arbitration battle in the Zurich offices of Prager Dreifuss:
In a matter revolving around a carbon free energy strategy, serious issues between a developer of pump hydro power plants and a manufacturer of sophisticated turbines had to be resolved. Several hair-splitting arguments on procedural issues had to be digested by the arbitral tribunal composed of our attorneys Marcel Frey (presiding arbitrator), Gion Jegher and Bernhard Lauterburg. Finally, the merits discussion delivered the answer to the ultimate question: Yes, the glass is half full!