News

Subject: Insurance & Reinsurance

The Insurance Disputes Law Review 2022: Switzerland

Christian Casanova and Martin Heisch have published the Swiss chapter in the fifth edition of "The Insurance Disputes Law Review". In this chapter, the authors provide an overview on topics and developments that are likely to have a substantial impact on insurance disputes in both international and domestic litigation. With regard to the amendment to the Swiss Insurance Contracts Act, the authors discuss the most important litigation-relevant issues such as the introduction of a direct right of claim for liability insurance or changes in the recourse and subrogation regime. A special focus is placed on the latest judgment of the Swiss Federal Supreme Court rejecting insurance coverage for business shutdown losses due to the covid-19 pandemic.

Subject: Private Clients
Autor: Mark Meili

Revision of inheritance law and company succession

In the latest issue of "UnternehmerZeitung", Mark Meili provides an overview of the revision of Swiss inheritance law and its effects on company succession.

Subject: Private Clients
Autor: Mark Meili

Settle the succession already during lifetime

In the current issue of the "Hotellerie Gastronomie Zeitung" Mark Meili elaborates on the revision of Swiss inheritance law and what problems arise in the context of company succession.

Subject: Insolvency & Restructuring

The Insolvency Review 2022: Switzerland

Daniel Hayek and Mark Meili published the Swiss chapter in the latest edition of The Insolvency Review. In this chapter, the authors give an overview of the distinctive features of Swiss insolvency laws and explain why the number of bankruptcies has started to increase despite the financial measures taken by the Swiss government in connection with the covid-19 crisis.

Subject: Corporate News
Reading time: 1 Min

Winter internships at Prager Dreifuss

The popular summer internship at Prager Dreifuss gets an ice-cold counterpart.

Due to the high demand for internships and the valuable experience of working with motivated students, we have decided to expand our offer and to provide several internships for la...

Subject: Corporate & M&A

Getting The Deal Through: Joint Ventures 2023 – Switzerland

In this article of Getting The Deal Through, Daniel Hayek and Mark Meili outline the statutory framework for joint ventures in Switzerland and discuss current trends in this area.

Subject: Health and Medical Law

GCR Life Sciences - Switzerland

A stable and comprehensible legal framework is of great importance, not only in crisis situations, but in general. Legal uncertainties are poison for the supply of a country with important medical goods. The life sciences sector has so far not raised any major competition law issues in Switzerland. Yet, recent jurisprudence as well as enacted and planned legislative amendments are not free of contradictions and ambiguities. The lack of an update of the Mutual Recognition Agreement and the related status of Switzerland as a third country vis-à-vis the EU brought additional uncertainties. The authors provide an overview of the current regulatory environment and discuss the implications of planned legislative changes.

Subject: Banking & Finance , Corporate & M&A , Insolvency & Restructuring , Startups
Autor: Mark Meili

Rising Star 2022 for Corporate/M&A/Private Equity by IFLR/Euromoneys Expert Guides

We are delighted to announce that our Counsel Mark Meili has been named a Rising Star 2022 for Corporate/M&A/Private Equity by IFLR/Euromoney's Expert Guides.

The Expert Guides classify rising stars as recently appointed partners, counsels and senior associates under 40 who have already been recognised for their work in the background of...

Subject: Corporate & M&A

Corporate restructuring under revised Swiss company law

The revised Swiss company law will enter into force on January 1, 2023. Daniel Hayek and Mark Meili explain the consequences of changes to Swiss company law in relation to corporate restructuring, and how shareholders and lenders involved in company restructures can protect their interests before and after January 1, 2023.

Subject: Insurance & Reinsurance
Paper: Expert Guides, Insurance and Reinsurance Lawyers

Dr. Christoph Graber in ExpertGuides - Best of the Best 2022

Welcome to the 2022 edition of the Best of the Best Global Expert Guide. The guide, the leading international publication in this field, lists the top 30 legal practitioners in 15 areas of law in the world.

The guide recognizes those individual practitioners who have received the highest and most consistent praise from their peers and clients during the Expert Guides research process ...

Subject: Insurance & Reinsurance
Autor: Reto M. Jenny
Paper: NZZ
Reading time: 5 Min

Companies are increasingly exposed to cyberattacks

Insurance against cyber risks is the responsibility of the Board of Directors.

The threat posed by cyberattacks has increased significantly in the last few years. This is shown by a recently published survey by the industry association Swissmem, according to ...

Subject: Privacy policy

IoT and data protection - challenge and opportunity

The "Internet of Things" (IoT) causes our private life to increasingly become part of the Internet. Nevertheless, many IoT applications do not meet the requirements of data protection law. In this publication, the authors Dr Andrea Schütz and Dr Christian Schönfeld illustrate that data protection law is not just a regulatory hurdle, but can also be used as a potential competitive advantage.

Subject: Health and Medical Law

Medical Devices & Consumer Health Products 2022: A Chambers Global Practice Guide Publication

After Switzerland's designation as a "third country" by the EU, the Swiss medtech industry faces two existential challenges. On the one hand, it must ensure the sustainable supply of medical devices to the Swiss population. On the other hand, it must maintain the competitiveness and innovative strength of Switzerland in the global medical market. This article illustrates the challenges but also the opportunities for the Swiss and foreign medtech industry related to the "third country" status of Switzerland.

Subject: Corporate & M&A
Autor: Guy Deillon
Paper: NZZ
Reading time: 3 Min

Company succession and Generation Z

Sale to a private equity fund should be considered in succession planning.

From the Middle Ages until the middle of the 19th century, succession was governed by the so-called right of primogeniture. According to this, the eldest son of the family was favo...

Subject: Insolvency & Restructuring
Paper: The Restructuring Review

The Restructuring Review 2022: Switzerland

In the latest issue of "The Restructuring Review", Daniel Hayek and Mark Meili provide an overview of the special features of Swiss restructuring law.

Autor: Urs Feller
Paper: PD Newsletter

Prager Dreifuss Newsletter - Effects of the case law of the Supreme Court (FL) on third party protection in business transactions with legal entities based in the Principality of Liechtenstein

A ruling by the Supreme Court of the Principality of Liechtenstein (Supreme Court), dated 4 February 2022 (CG.2018.269) is relevant for Swiss banks. The ruling – in its effect – reduces the protection of third parties in business transactions to a large extent. This article discusses the significance of this new case law and points out possible adverse consequences for Swiss financial institutions when entering into a client relationship with legal entities based in the Principality of Liechtenstein

Subject: Corporate News , Litigation
Autor: Gion Jegher
Paper: Schulthess Verlag
Reading time: 1 Min

Out now: The Absent Opera Singer and Other Short Stories

Thirty exciting short stories for witty lawyers available from Schulthess Publisher.

Had enough of Sudoku and crossword puzzles? Here is the alternative for law students and legal practitioners: Prager Dreifuss partner Dr. Gion Jegher just published the fourth edition of the popular case collection on international private law.

Thirty exciting short stories cover the whole spectrum of international private law. The solutions, methodological tips for case handling and a detailed index provide readers with valuable support in dealing with complex conflict of laws issues. Relevant provisions of foreign law can be found in the separate appendix.

The well-proven concept has been revised and supplemented for this new edition. The cases are now arranged in thematic order and indicate their degree of difficulty. The two authors, Dr. Gion Jegher and Prof. Dr. Corinne Widmer Lüchinger (University of Basel), have revised the 25 cases of the previous edition and brought them up to date. Five new cases have been added.

All thirty cases are accompanied once again by brilliant illustrations of artist Thomas Ott. The book is highly valuable for both students and legal practitioners.

You can order the book (in German & PrintPlu§) directly from the publisher.

Label: Highlight
Subject: Corporate & M&A , Insolvency & Restructuring

Prager Dreifuss Advises Investment Fund Attestor on the Successful Takeover of Europcar Mobility Group

Prager Dreifuss AG is advising Attestor Limited and Trinity Investments DAC („Attestor“) in connection with the acquisition of the listed car-rental service Europcar Mobility Group...

Subject: Insurance & Reinsurance

GAR Know-How Litigation: Swiss Chapter

In the latest version of "GAR Know-How Litigation" Dr. Reto M. Jenny and Lukas Strickler provide an overview of the civil litigation system in Switzerland.

Subject: Insurance & Reinsurance

The Swiss Insurance Contract Act – English translation published by Schulthess Publishing House

As a result of the partial revision that entered into force on 1 January 2022, the Swiss Insurance Contract Act has undergone some significant modifications. The present edition of the Act, which includes an English translation and a bilingual introduction to the structure and the systematics of the Act, is intended to provide insurance contract law practitioners a swift access to the legal provisions.

Subject: Startups
Paper: PD Newsletter
Reading time: 1 Min

Prager Dreifuss joins SEF.Growth networking lunch

The networking lunch at SEF.Growth on 16 June gave our Startup Team the opportunity to take the pulse of many startups. The current tense economic climate also raises new questions for our committed young entrepreneurs. While the Corona pandemic just seems to pause the central banks and the events in Eastern Europe turn many business premises upside down.

As a knowledge partner of the Swiss Economic Forum initiative SEF.Growth, Prager Dreifuss is a sparring partner for start-ups in all legal matters. Our motivated team consists of experienced lawyers who promptly develop the right solutions for the needs and concerns of this special target group.

Subject: Private Clients , Tax
Paper: NZZ
Reading time: 4 Min

The new trust law put to the test

The Swiss government is drafting a trust under Swiss law. It must improve the tax consequences. Full article available in German.

Subject: Employment & Pensions
Autor: Mark Meili

News on short-time working

The Swiss Federal Supreme Court recently ruled that companies received too little short-time working compensation for employees on monthly wages. In the current issue of the Hotellerie Gastronomie Zeitung Mark Meili explains what to bear in mind in the case of claims for restitution.

Subject: Banking & Finance

The International Comparative Legal Guide: Project Finance 2022 Switzerland

In the 2022 edition of the International Comparative Legal Guide to Project Finance, Daniel Hayek and Mark Meili discuss common issues in project finance laws and regulations in Switzerland – including security, bankruptcy, restrictions on investments, insurance and arbitration

Subject: Real Estate & Construction , Tax
Reading time: 2 Min

Tax consequences of restructuring of pension fund assets

1. Introduction

Various federal legal laws encourage saving in the form of occupational pension plans. In this context, not only the paying-in professionals benefit from tax advantages, but also the pension funds which do not pay taxes on their profits. Until now, the tax consequences of pension fund restructurings were largely unclear. Many transactions had to be secured in advance with the tax authorities through rulings. Now, the Federal Supreme Court has provided clarity in one area.

2. Real estate gains taxes in case of restructuring of pension fund assets (Judgement of the Federal Supreme Court 2C_380/2021 of February 28, 2022)

a. Facts

The purpose of Pe...

Subject: Insolvency & Restructuring
Paper: NZZ

Liquidity problems because of Corona loans?

The repayment of due Corona loans can put companies in existential distress. In the 12 May 2022 issue of Neue Zürcher Zeitung, Daniel Hayek and Mark Meili discuss the problem of liquidity shortages and how it relates to the new restructuring law. In particular, it is shown how a liability of the responsible bodies can be avoided. Full article available in German.

Subject: Dispute Resolution , Litigation

Collective Redress – Switzerland keeps up with European developments

I. Introduction

In the recent past, "class actions" have been one of the prime topics discussed in Swiss civil procedure. The core of the debate is about whether – and if yes, to what extent – representative litigation mechanisms should be adopted in the Swiss Code of Civil Procedure (CPC), in order to ensure effective access to justice for persons affected by mass damages.

Meanwhile, in the European Union the Collective Redress Directive came into force on 24 December 2020. Member states of the European Union have to transpose the EU Directive into their national laws by 25 December 2022 and apply those measures from 25 June 2023 onwards. Legislative procedures are currently underway in the member states to implement the EU Directive.

In line with the recent developments in the European Union, the Swiss Federal Council has sought to facilitate the assertion of mass damage claims by broadening the scope of the (traditional) association claim as well as by introducing new collective redress mechanisms. On 10 December 2021, the message on the draft legislation was issued. The following article provides an overview of the most important amendments proposed.

II. Revision of the (traditional) association claim (art. 89 CPC)

Under current law, the association claim, as enshrined in art. 89 CPC, provides for a representative litigation tool. Pursuant to this provision, associations and other organisations of national or regional importance that are authorised by their articles of association to safeguard the interests of their members are – in specific cases – allowed to bring claims in their own name on behalf of those members. However, despite being praised in the 2006 message on the unified Swiss Code of Civil Procedure as a class action-like mechanism, the association claim has thus far proved toothless in practice. The lack of practical importance is attributable to multiple reasons: not only are association claims currently limited to violations of the personality rights of the members of the group, but remedies are limited as associations can only request that (i) a threatened violation be prohibited, (ii) an existing violation be ceased or that (iii) a violation that continues to have a disturbing effect be declared unlawful. By contrast, monetary claims are not admissible. Moreover, only associations of Swiss or regional importance can make use of this tool.

The draft now aims to strengthen the practical impact of the association claim by broadening its scope of application in several respects. Most importantly, the current limitation to violations of personality rights is to be abolished by opening the scope of application to the enforcement of all violations of rights. In future, association claims thus might be brought in a broad range of substantive areas, such as financial services, antitrust, unfair competition, data protection, product liability and telecommunication, with the aim of making collective redress more uniformly available. In this respect, the proposal goes even further than the EU Directive, which only covers consumer protection.

The requirements are defined more clearly with associations and organisations being entitled to bring a claim in their own name if they:

• are not profit-oriented (indicating that the Federal Council has in mind associations according to art. 60 ff. Swiss Civil Code and foundations according to art. 80 Swiss Civil Code rather than commercial organisations to act as potential claimants);
• have existed for at least twelve months (and are thus not only established ad hoc on a short-term basis);
• are authorised by their articles of association or bylaws to safeguard the interests of the affected persons and
• are independent of the defendant (which under the EU Directive is also a key element, see art. 4 para 3 lit. e EU Directive).

As is the case under current law, the association claim is available for claims for injunctive relief, removal or for declaration of unlawfulness of a violation, whereby in the latter case, the claim does no longer depend on any additional special interest in a declaratory judgment (art. 89 para. 2 Draft CPC). In particular, it would not be necessary that an alleged violation continues to have a disturbing effect, which in the past has already led courts not to admit association claims. In addition, a new paragraph 3 would explicitly provide for an option to request notification to third parties or publication of a court's decision.

III. New association claim to assert damage compensation claims

In addition to strengthening the existing association claim (art. 89 CPC), the draft provides for a separate association claim to assert damage compensation claims (art. 307b et seq. Draft CPC). This "reparatory" association claim is intended to allow the assertion of monetary claims, in particular in cases involving mass damages.

According to the draft, associations or organisations may bring claims in their own name and at their own risk but on behalf of the individuals they represent (art. 307b Draft CPC). The affected persons must either have previously authorised the association to bring an action on their behalf or joined the action after it has been admitted (art. 307d Draft CPC). Persons not directly forming part of the claim are not bound by any judgment in connection with the association claim, even if they have faced a similar type of damage. Accordingly, the proposal is based on the so-called opt-in principle, according to which only persons who have explicitly given their consent to the action are covered by the legal force of the judgment.

The filing of a "reparatory" association claim is permissible under the following conditions:

• The association or organisation is entitled to bring an association claim either under art. 89 Draft CPC or under a special legal provision, such as the Swiss Workers’ Participation Act, the Unfair Competition Act, the Trademark Protection Act or under the Gender Equality Act (art. 307b lit. a Draft CPC).
• The association or organisation has been authorised to bring a claim by at least ten affected persons in writing or in any other form allowing it to be evidenced by text (art. 307b Draft CPC). This is to ensure that an association claim can only be brought if a fairly large number of persons are actually affected. The authorisation requirement must already be met at the time the association claim is filed.
• The claims asserted are based on similar circumstances or legal grounds (art. 307b c Draft CPC). This requirement overlaps with the factual connection as required for the (voluntary) joinder of parties pursuant to art. 71 CPC and is intended to ensure that a bundled assertion of claims for damages is efficient and economical.

To sum up, the association claim provides for a true representative litigation tool to assert damage compensation. However, whether the association claim will also prove effective in small claims disputes – as is also envisaged by the Swiss Federal Council – is difficult to foretell. As mentioned above, the association claim is based on an opt-in principle and thus, in each case a separate authorisation by the affected persons is required.

IV. New collective settlement proceedings

Since experience has shown that a significant number of collective disputes are terminated by settlement, the Draft seeks to supplement the new association claim procedure with provisions allowing for collective settlements (art. 307h et seq. Draft CPC). Parts of the proposal are inspired by the Dutch model on collective settlement procedures which was adopted in July 2005 (Wet collectieve afwikkeling van massaschades, WCAM). With regard to theSwiss Federal Council's draft, a distinction can be made between (i) collective settlements in the context of an association claim and (ii) collective settlements without a preceding association claim. The key elements of the envisaged mechanisms are the following.

1. Collective settlements in the context of an association claim (art. 307h et seq. CPC)

Collective settlements may be reached in the context of an association claim. Also in that case, the settlement must be approved by the court, as the affected persons are not directly parties to the court proceedings. Consequently, the parties to the association claim, being the association or organisation itself on the one hand and the defendant on the other, must submit the settlement reached to the court for approval (art. 307h Draft CPC). The court approves the settlement if (art. 307j Draft CPC):

• The settlement reached is reasonable;
• if agreed by the parties, a minimum number or quota of affected persons bound by the settlement has been reached;
• the settlement does not violate mandatory law;
• the consequences of the costs are adequately regulated; and
• the interests of the persons affected by the settlement as a whole are adequately protected.

As a rule, the persons included in the settlement are those who have joinedthe association claim (art. 307h para. 1 Draft CPC). The bulk of settlements reached will therefore be based on an opt-in principle. However, in some specific cases and upon request by the parties, the court may extend the effects of the settlement to all persons affected by the violation who do not opt out within a period of at least three months after the publication of the settlement proposal in an electronic register (art. 307h para. 2 Draft CPC). In these cases, the group settlement would be of an opt-out nature. However, in order to avoid issues concerning due process or proper service, the extension will only be ordered to affected persons having their seat or domicile in Switzerland. In addition, it will be necessary that (i) the claims covered are of such low value that an individual claim would not be worthwhile (art. 307h para. 2 lit. a Draft CPC) and (ii) a significant number of the affected persons have not joined the association claim (art. 307h para. 2 lit. b Draft CPC). According to the Swiss Federal Council, the latter should always be the case if at least one third of the affected persons have not joined the claim.

2. Collective settlements without a preceding association claim (art. 307k et seq. CPC)

Moreover, the draft also provides for a collective settlement procedure without a preceding association claim (art. 307k Draft CPC). According to the message, the option to conclude a collective settlement should also be available without the parties having to introduce an association claim first. Here, the requirements are largely identical to those of the collective settlement in connection with an association claim as shown above. Collective settlements without a preceding association claim thus may only be negotiated by associations or organisations that are entitled to bring an association claim pursuant to art. 89 Draft CPC or under a special legal provision (art. 307k lit. a Draft CPC). Furthermore, the claims asserted must be based on similar circumstances or legal grounds (art. 307k lit. b Draft CPC). In contrast to a settlement reached in the context of an association claim, collective settlements without a preceding association claim are only permissible based on an opt-out-principle. Therefore, the claims covered must be of such low value that an individual claim would not be worthwhile (art. 307k lit. c Draft CPC). As regards the procedure, the provisions on collective settlements in the context of an association claim are applicable mutatis mutandis (art. 307l CPC). Consequently, also in the scope of collective settlements without a preceding association claim, the parties must submit the draft settlement to the court for approval (art. 307h et seq. CPC).

V. Outlook

By implementing new collective redress mechanisms, the Swiss Federal Council is keeping pace with the recent developments in the European Union. It is thereby fair to assume that the benefits to parties seeking an efficient and cost-effective way for the assertion of mass damage claims are likely to outweigh the potential risks generally associated with collective redress. Thus, for example, the opt-out-based collective settlement procedure may facilitate access to justice in cases where the assertion of claims on an individual basis would have failed because of cost-benefit reasons (rational apathy). Potential defendants could favour the option of collective settlements without a preceding association claim whereby due to the application of the opt-out principle all claims of potential claimants can be settled in one go. This provides for a final solution as well as legal certainty which is relevant for any business. However, the draft is likely to meet with some political opposition. It remains to be seen whether it will be enacted as intended by the Swiss Federal Council.

Subject: Insolvency & Restructuring
Paper: Financier Worldwide

Financier Worldwide: Bankruptcy & Restructuring 2022

In the 2022 edition of the InDepth Feature: Bankruptcy & Restructuring, Daniel Hayek and Mark Meili provide an overview of the current economic situation in Switzerland and the latest trends in bankruptcy and restructuring. The authors also discuss their expectations on how restructuring and bankruptcy activity in Switzerland will unfold for the remainder of the year.

Subject: Corporate News

Vis Moot Court # 2 — Next Trial Run at Prager Dreifuss

On Wednesday, March 16, 2022, the second trial run hearing within a week took place at the Zurich office of Prager Dreifuss with counsel for claimant from the University of Zurich (Lara Langer and Hadjar Sbaih) and counsel for respondent from the University of Lucerne (Asia Ponti and Andrea Greub), this time “in personal attendance”.

Our attorneys Marcel Frey (chairman), Gion Jegher and Bernhard Lauterburg constituted the arbitration tribunal. They asked parties' counsel many challenging questions. The young law students gave detailed answers showing great command of the facts and the law. The tribunal was deeply impressed by the professional expertise of the four students. Its only advice to the new generation: More passion and less argument is sometimes more. The verdict in the end: a narrow win for Lucerne.

Subject: Corporate News
Paper: Who's Who Legal
Reading time: 1 Min

Who’s Who Legal Thought Leaders — Global Elite 2022

Christoph Graber is listed by Who's Who Legal as the only Swiss lawyer and one of only two continental Europeans in the "Thought Leaders - Global Elite 2022" list in the field of "Insurance and Reinsurance".

Subject: Corporate News

Vis Moot Court — Trial Run at Prager Dreifuss

Hybrid hearing with counsel for claimant from the University of St. Gallen (Damian Wyss and Jens Neese) and counsel for respondent from the University of Basel (Roger Reschek and Océane Kessler) on Monday, March 14, 2022, at the Zurich office of Prager Dreifuss:

A sudden withdrawal from an “in person” attendance by the Basel team due to a Covid contact issue challenged us to find an alternate setup for the hearing at short notice. Thanks to our IT hero Patrick Schmidhalter, we were able to prepare a hybrid courtroom with counsel for respondent (Basel) on screen and counsel for claimant (St. Gallen) in person. Our attorneys Marcel Frey (chairman), Gion Jegher and Bernhard Lauterburg formed the arbitral tribunal. They were deeply impressed by the technical language skills and the compelling arguments displayed by the four law students acting as counsel. While the St. Gallen team had a slight advantage in the room, the Basel team was credited with the digital disadvantage. The verdict at the end: a well-deserved draw.

Subject: Tax
Paper: NZZ
Reading time: 2 Min

New Tax Restructuring Regulation

The new practice on tax restructuring is only a partial success. Although the Swiss Federal Tax Administration has taken into account some new regulations in the interest of Swiss tax advisors and industry, unfortunately not all expectations have been met

Subject: Health and Medical Law
Reading time: 60 Min

The threat of supply deficits for medical devices in Switzerland

For a number of reasons, it is not certain that sufficient medical devices will be available to supply the Swiss population in the coming years. This publication intends to show healthcare institutions and healthcare professionals the legal instruments available to them to prevent supply shortages and to make concrete recommendations for action. It also serves as an appeal to politicians and health authorities to proactively address the issue of supply shortages of medical devices, including in vitro diagnostic medical devices.

Subject: Corporate & M&A

Getting The Deal Through: Joint Ventures 2022 – Switzerland

In this article of Getting The Deal Through, Daniel Hayek and Mark Meili outline the statutory framework for joint ventures in Switzerland and discuss current trends in this area.

Subject: Employment & Pensions , Loans / Covid 19
Autor: Mark Meili

UnternehmerZeitung November 2021

In the latest issue of "UnternehmerZeitung", Mark Meili provides an overview of health protection at the workplace and the implementation of home office and compulsory certificates.

Subject: Insolvency & Restructuring

The Insolvency Review 2021: Switzerland

Daniel Hayek and Mark Meili published the Swiss chapter in the latest edition of The Insolvency Review. In this chapter, the authors give an overview of the distinctive features of Swiss insolvency laws and explain why the number of bankruptcies is still low despite the covid-19 crisis.

Subject: Banking & Finance

A guide to cross-border financing in Switzerland

Daniel Hayek and Mark Meili look at the rules, practicalities and latest developments in what continues to be a friendly, but recently more challenging environment for cross-border financing.

Subject: Corporate News
Reading time: 1 Min

Prager Dreifuss joins VSUJ summer event

The summer event of the Association of Swiss Corporate Lawyers turned into a successful evening at the Zunfthaus zur Zimmerleuten in cooperation with Prager Dreifuss. PD attorneys Christian Casanova, Reto M. Jenny and Christian Schönfeld spoke on the topic of cyber risk and data protection, followed by an inspiring career keynote speech by Beat Hess, former in-house counsel, and current Chairman of LafargeHolcim.

Label: Highlight
Subject: Corporate & M&A , Insolvency & Restructuring
Reading time: 4 Min

Prager Dreifuss Advises Investment Fund Attestor on the Takeover of Europcar Mobility Group

A consortium consisting of German carmaker and pioneer in the area of climate-neutral mobility Volkswagen AG (66%), the English investment fund Attestor Limited (27%) and Dutch Pon...

Subject: Insolvency & Restructuring

The Restructuring Review 2021: Switzerland

In the latest issue of "The Restructuring Review", Daniel Hayek and Mark Meili provide an overview of the special features of Swiss restructuring law.

Subject: Tax
Autor: Roland Böhi , Lukas Scherer , Manuel Vogler
Reading time: 3 Min

Switzerland: Adjustment of the capitalisation rate for determining the earnings value as of 1 January 2021

As of 1 January 2021, the calculation of the capitalisation rate for determining the earnings value was adjusted in Switzerland. What influence will this adjustment have on the Swiss tax landscape?"

Adjustment of the capitalisation rate and specification for start-ups

Against the backdrop of the low interest rate levels and the widely expressed criticism of the so-called pr...

Subject: Health and Medical Law
Paper: AJP/PJA
Reading time: 4 Min

The person responsible for regulatory compliance (PRRC)

Only the first page of the article of the current edition of the journal «Aktuelle juristische Praxis» (AJP) is published.

 

In the current edition of the AJP, Dr Andrea Schütz deals with the person responsible for regulatory compliance (PRRC) according to Art. 49 of the Medical Devices Ordinance (MedDO)...

Subject: Private Clients

Revised inheritance law enters into force on 1 January 2023

The revised inheritance law enters into force on 1 January 2023. Last wills that have already been drawn up should be reviewed with regard to the new law.  

Urs Feller / Corinne Nobs

Revised inheritance law enters into force on 1 January 2023

During its session of 19 May 2021, the Federal Council decided to bring the revised inher...

Subject: Insurance & Reinsurance
Autor: Reto M. Jenny , Cinzia Paolucci
Paper: GAR Know-How Litigation

GAR Know-How Litigation: Swiss Chapter

In the latest version of "GAR Know-How Litigation" Dr. Reto M. Jenny and Cinzia Paolucci provide an overview of the civil litigation system in Switzerland.

Publikationsliste

Publikationsliste von Prof. Dr. Urs Bertschinger; Universität St. Gallen.

Subject: Competition & Regulatory Matters

Awards 2021 for the Competition Team by Who is Who Legal

Bernhard Lauterburg was recognized by Who is Who Legal as a "Future Leader" in the field of competition law. Peers and clients say about Bernhard that he has an excellent reputation in competition law and impresses with his ability to give constant, unbiased and accurate advice when facing highly complex issues.

Subject: Insurance & Reinsurance

Awards 2021 for the Insurance & Reinsurance Team by Who is Who Legal

In Who's Who Legal's Practice Area Awards 2021 Prager Dreifuss was once again awarded Insurance & Reinsurance Firm of the Year and Dr. Christoph Graber was awarded Lawyer of the Year. Who's Who Legal also recognized Christoph Graber as a Global Elite Thought Leader. Furthermore, in Who's Who Legal Switzerland 2021 Christoph Graber was awarded "Most Highly Regarded" and along with Dr. Hans-Ulrich Brunner and Dr. Gion Christian Casanova was recognized for their outstanding work in the field of insurance and reinsurance. Christoph Graber was praised as "excellent for insurance and reinsurance litigation" with three decades of experience in the field, Hans-Ulrich Brunner as a "top-notch insurance litigator" who is highly esteemed for his expertise in liability disputes and Gion Christian Casanova as a "rising star" with a strong reputation for his expert handling of complex insurance and reinsurance disputes.

Subject: Health and Medical Law

Unacceptable methods of health insurers

From our Health and Medical Law Team: In the current edition of the Schweizerische Ärztezeitung (SÄZ), Dr Andrea Schütz provides physicians with information on how they can defend themselves against unacceptable methods of health insurers.(original article in German)

Subject: Startups

Providing Legal Advice for Female Founders

News from our Start Up Desk: in the current issue of Ladies Drive Andrea Schütz and Rahel Nedi discuss their commitment for Female Founders

Subject: Dispute Resolution

Chambers Europe 2021 Overview

In this article, Urs Feller and Marcel Frey describe the ongoing preparations and the advantages of the establishment of one or more international commercial courts in Switzerland. In addition, the authors deal with the conditions, costs, duration of proceedings as well as potentially efficient resolutions of disputes by the new court.

Subject: Insolvency & Restructuring
Paper: The International Comparative Legal Guide

The International Comparative Legal Guide: Project Finance 2021 Switzerland

In the 2021 edition of the International Comparative Legal Guide to Project Finance, Daniel Hayek and Mark Meili discuss common issues in project finance laws and regulations in Switzerland – including security, bankruptcy, restrictions on investments, insurance and arbitration.

Subject: Corporate News
Reading time: 1 Min

Dr Andrea Schütz is a new Associated Partner at Prager Dreifuss

We are pleased to announce that Dr Andrea Schütz has joined us as an Associated Partner as of 1 May 2020. Her focus area is Health and Medical Law.

Subject: Insolvency & Restructuring
Paper: Financier Worldwide
Reading time: 5 Min

Financier Worldwide: Bankruptcy & Restructuring 2021

In the 2021 edition of the InDepth Feature: Bankruptcy & Restructuring 2021, Daniel Hayek and Mark Meili provide an overview of the current economic situation in Switzerland in times of COVID-19 and its impact on corporate bankruptcies and insolvencies. The authors also discuss trends in cross-border restructurings and explain developments in distressed M&A transactions.

Subject: Tax
Autor: Roland Böhi , Lukas Scherer , Manuel Vogler
Reading time: 3 Min

The revision of Swiss company law and its effects on Swiss tax law

Good things take time? In keeping with this saying, the Swiss Federal Assembly adopted the proposed revision of the company law on 19 June 2020 - after more than twelve years since the publication of the first dispatch. It is scheduled to enter into force on 1 January 2022 at the earliest. What impact will the revision of company law have on the Swiss tax landscape?

Good things take time? In keeping with this saying, the Swiss Federal Assembly adopted the proposed revision of the company law on 19 June 2020 - after more than twelve years since...

Subject: Insolvency & Restructuring
Reading time: 5 Min

Issues with the recognition of foreign restructuring plans in Switzerland

On 26 March 2021 the High Court in London sanctioned gategroup's Part 26A restructuring plan. The plan also comprised the Swiss law governed bonds, even though they were issued by a Luxembourg entity and guaranteed by the Swiss gategroup parent. The question remains whether bondholders can still enforce the bonds against the Swiss parent according to its original terms or whether the Part 26A restructuring plan prevents the enforcement of such claims in Switzerland? 

Background

In our newsletter dated 20 February 2021 (The gategroup restructuring: a creative procedure under review), we outlined how gategroup intended to amend its financing a...

Subject: Dispute Resolution
Paper: Thomson Reuters Practical Law
Reading time: 7 Min

Litigation and enforcement in Switzerland: overview

The country-specific Q&A gives a structured overview of the key practical issues concerning dispute resolution in this jurisdiction, including court procedures; fees and funding; interim remedies (including attachment orders); disclosure; expert evidence; appeals; class actions; enforcement; cross-border issues; the use of ADR; and any reform proposals.

Subject: Health and Medical Law
Reading time: 15 Min

Does the revised medical device law really improve the quality and safety of medical devices?

After various shocking incidents involving medical devices, numerous calls were made for stricter measures to increase safety and protect public health. As a result, medical device legislation in both the EU and Switzerland has been thoroughly revised. Andrea Schütz' article critically examines whether the numerous legislative adjustments will actually lead to an improvement in the quality and safety of medical devices. (PDF available in German only.)

Subject: Insolvency & Restructuring
Autor: Mark Meili
Paper: UnternehmerZeitung
Reading time: 5 Min

How entrepreneurs avoid insolvency

The SMEs are the backbone of our economy but suffer the most from the measures taken by the authorities during the Corona crisis.

In his article Mark Meili explains what ways and means there are for SMEs to defend themselves against possible hardship with existing legal instruments.

Original text in German

Label: Highlight
Subject: Dispute Resolution , Insurance & Reinsurance
Paper: HAVE Haftung und Versicherung
Reading time: 5 Min

Rückgriff des Eigenschadenversicherers – eine neue Ordnung?

In this article, Christian Casanova discusses some important follow-up questions with regard to a recent change of praxis in the Swiss Federal Supreme Court's jurisdiction on the right of recourse of the first-party insurer.

Subject: Dispute Resolution , Insurance & Reinsurance
Reading time: 5 Min

The Insurance Disputes Law Review 2020: Switzerland

Christian Casanova published the Swiss chapter in the third edition of "The Insurance Disputes Law Review". In this chapter, the author provides an overview on topics and developments that have an impact on insurance disputes.

Subject: Tax
Paper: NZZ
Reading time: 5 Min

The pandemic from a Swiss tax law perspective

Are the financial measures taken in connection with the Covid-19 pandemic a curse or a blessing for SMEs in terms of taxation? Either way there are several sheet anchors."  By Dr. Roland Böhi and Lukas Scherer in NZZ 12 March 2021

Label: Highlight
Subject: Dispute Resolution
Paper: IFLR
Reading time: 5 Min

Sun Yang and Switzerland’s international arbitration rules

Bernhard Lauterburg and Marcel Frey of Prager Dreifuss explain how the Federal Tribunal overturned a CAS decision ordering an eight-year doping ban of the Chinese Olympic swimmer on the discovery of circumstances justifying the removal of an arbitrator.

Subject: Loans / Covid 19
Autor: Mark Meili
Reading time: 5 Min

Avoiding insolvency

The restaurant sector was hit hard by the Corona crisis. In the current issue of Salz & Pfeffer, Mark Meili discusses instruments for affected companies to avoid insolvency.

Subject: Dispute Resolution
Paper: Thomson Reuters Practical Law

A Q&A guide to arbitration law and practice in Switzerland.

The country-specific Q&A guide provides a structured overview of the key practical issues concerning arbitration in this jurisdiction, including any mandatory provisions and default rules applicable under local law, confidentiality, local courts' willingness to assist arbitration, enforcement of awards and the available remedies, both final and interim, and the new provisions governing arbitration in Switzerland that came into effect recently.

Subject: Dispute Resolution
Autor: Reto M. Jenny , Cinzia Paolucci

INDEPTH FEATURE: Commercial Arbitration 2021 – Switzerland

Reto M. Jenny and Cinzia Paolucci published the Swiss chapter in the latest edition of "InDepth Feature: Commercial Arbitration". In this chapter, the authors give an overview of the distinctive features of arbitration in Switzerland and of current developments.

Subject: Insolvency & Restructuring
Reading time: 6 Min

The gategroup restructuring: a creative procedure under review

gategroup has proposed a Part 26A in the United Kingdom to restructure its financing arrangements which concern various jurisdictions. In this month's newsletter, Daniel Hayek and Mark Meili discuss the background to this procedure and what questions arise in the context of this cross-border restructuring.

gategroup coping with the effects of the COVID-19 pandemic

gategroup is the world's largest provider of airline catering services. The COVID-19 pandemic and the resulting lockdo...

Subject: Competition & Regulatory Matters

Annual Report on Jurisprudence in Swiss Competition Law in 2019/2020

This annual report on jurisprudence in Swiss competition law in 2019/20 summarizes the most important cartels, abuse of dominance and merger cases in this period. It further contains some comments on three state aid cases falling under the bilateral air transport agreement CH-EU in 2020 and on the ongoing reform of the Swiss Cartels Act.

Subject: Competition & Regulatory Matters
Paper: Chambers and Partners, Merger Control
Reading time: 7 Min

Merger Control - Trends & Developments in Switzerland (in Chambers Global)

This article provides an overview on the recent practice of the Swiss competition authorities in merger control and on the ongoing reform of the Swiss Cartels Act and the merger control reform respectively

Subject: Corporate News

Three new Counsels at Prager Dreifuss AG

We are pleased to announce that our successful lawyers Mark Meili, Andrea Stäubli and Lukas Scherer have been appointed as Counsels as of 1 January 2021. 

Subject: Insurance & Reinsurance
Paper: NZZ
Reading time: 4 Min

Insureds will get better protection

The new Insurance Contract Act offers advantages in the area of large risks and for consumers. By Christoph Graber and Reto Jenny.

The Insurance Contract Act (ICA), which is based on liberal ideas and the principle of freedom of contract, has been repeatedly criticized in recent decades as in need of revision....

Subject: Insolvency & Restructuring
Paper: PD Newsletter
Reading time: 4 Min

Recognition of a Part 26A Restructuring Plan in Switzerland and the EU

In June 2020, the U.K. introduced the so-called Part 26A restructuring plan. This new type of restructuring plan has the potential to become highly relevant for the restructuring of international corporations. To the best of our knowledge, two Part 26A restructuring plans have been sanctioned by English courts so far. However, the extensive possibilities to restrict creditors' rights under such a restructuring plan may create challenges for its recognition in other jurisdictions. Further, as the U.K. is going to leave the EU at the end of 2020, Brexit may create additional problems for the recognition of a Part 26A restructuring plan in Switzerland and other European countries.

Part 26A Restructuring Plan

UK and EU companies with a nexus to the UK have been using schemes of arrangement under Part 26 of the Companies Act 2006 for centuries to carry out ...

Subject: Tax
Autor: Roland Böhi , Nicole Fröhlich
Paper: PD Newsletter
Reading time: 3 Min

Tax domicile of legal entities – not always so clear

It is not always clear, where the primary tax domicile of a legal entity is. This question, however, can have great significance in the light of the considerable differences in taxation levels between cantons or jurisdictions.

In Switzerland, legal entities are subject to unlimited taxation in the canton in which they have their legal seat or place of effective management (primary tax domicile). These tw...

Subject: Insolvency & Restructuring
Paper: The Insolvency Review
Reading time: 12 Min

The Insolvency Review 2020: Switzerland

Daniel Hayek and Mark Meili published the Swiss chapter in the latest edition of The Insolvency Review. In this chapter, the authors give an overview of the distinctive features of Swiss insolvency laws and current trends.

Subject: Tax
Autor: Lukas Scherer , Manuel Vogler
Paper: TREX
Reading time: 10 Min

Patent box and R&D super deduction: Are they worth the effort?

Since January 1, 2020, the patentbox and the R&D super deduction are available as special tax measures to boost the innovation sector in Switzerland. The cantons have a rather large leeway in the design of the patentbox and the R&D super deduction. This results in considerable intercantonal differences on the Swiss tax landscape. In the following article, the authors present the most important considerations for the practical application of the patentbox and the R&D super deduction.

Link to article: Patent box and R&D super deduction: Are they worth the effort?

Subject: Litigation
Paper: PD Newsletter
Reading time: 3 Min

Brexit - enforcement of judgments and jurisdiction clauses from a Swiss perspective

If the United Kingdom (UK) and the European Union (EU) do not reach an agreement on the consequences of the UK's exit from the EU by the end of 2020, a no-deal Brexit becomes a reality. With Switzerland also not being a member of the EU, the present newsletter gives some preliminary guidance on how a no-deal Brexit will affect the enforcement of judgments and treatment of jurisdiction clauses in Switzerland from January 1, 2021, if a no-deal Brexit actually comes to pass in the new year.

1. The role of the Lugano Convention

The Lugano Convention on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters of October 30, 2007 a...

Subject: Competition & Regulatory Matters
Autor: Reto M. Jenny
Paper: CapLaw
Reading time: 5 Min

Partial revision of the Insurance Contract Act

On June 19, 2020, the Swiss Parliament approved the partial revision of the Insurance Contract Act (ICA). The revised ICA will enter into force on 1 January 2022. The following article is intended to provide an overview of some (but not all) of the changes (for the revised ICA see https://www.admin.ch/opc/de/federal-gazette/2020/5661.pdf). References to articles of the ICA are references to the revised law (unless otherwise noted).

Link to article:
Partial revision of the Insurance Contract Act

1) Other text forms as an alternative to communication in written form

For various communications under the revised ICA, as an alternative to the simple written form (article 12...

Subject: Corporate & M&A
Paper: Getting The Deal Through
Reading time: 10 Min

Getting The Deal Through: Joint Ventures 2021 - Switzerland

In this article of Getting The Deal Through, Daniel Hayek and Mark Meili outline the statutory framework for joint ventures in Switzerland and discuss current trends in this area.

Form

Types of joint venture

1. What are the key types of joint venture in your jurisdiction? Is the "joint venture" recognised as a distinct legal concept?


"Joint ventur...

Subject: Tax
Reading time: 3 Min

Standardisation of the practice of employee benefit plans throughout Switzerland

The practice regarding the tax treatment of employee benefit plans will undergo three major changes with effect from 1 January 2021. Are these changes also applicable to existing employee benefit plans?

The practice regarding the tax treatment of employee benefit plans will be subject to the following three significant changes effective as of 1 January 2021. The practice update is...

Subject: Employment & Pensions
Autor: Rahel A. Nedi , Andreas Holenstein
Paper: Festschrift für Wolfgang Portmann
Reading time: 10 Min

The Choice of Law in the Empoyment Agreement

The Choice of Law in the Employment Agreement; Possibility and Limits.

Subject: Loans / Covid 19
Autor: Urs Feller , Marcel Frey , Thierry Steib
Paper: PD Newsletter
Reading time: 5 Min

Corona exceptions in court or not?

With its COVID-19 regulation on judiciary and procedural rules of April 16, 2020, the Federal Council enacted the necessary provisions in civil, debt enforcement and bankruptcy proceedings enabling judicial authorities to effectively deal with civil proceedings during the COVID-19 pandemic.

The regulation had a first term of validity until September 30, 2020. Based on the COVID-19 Act of September 25, 2020, the Federal Council has now extended the validity of this reg...

Subject: Insolvency & Restructuring
Paper: PD Newsletter
Reading time: 3 Min

Expiry of Measures against Bankruptcies – Revival of Duties of Board of Directors

On 14 October 2020, the Federal Council decided not to extend themeasures against bankruptcies caused by COVID-19. The resulting consequences are explained in this newsletter.

Subject: Tax
Paper: NZZ

How can companies benefit from the tax reform?

In the 5th October 2020 issue of NZZ, Roland Böhi and Lukas Scherer shed light on the tax reform measures of the patent box and the super-deduction for research and development expenses for the tax promotion of innovation in Switzerland which came into force in January 2020. The authors show that it can be worthwhile not only for large companies. Even for SMEs and start-ups, attractive options for tax savings arise, also in the software sector.

Subject: Tax
Autor: Roland Böhi , Nicole Fröhlich
Paper: PD Newsletter

Residency for tax purposes (individuals)

The place of an individual’s tax residence for national tax purposes can be controversial if a person has permanent homes available to himself in more than one canton in Switzerland. A short presentation of some frequent constellations.

Subject: Dispute Resolution
Autor: Urs Feller , Marcel Frey , Nina Lim
Paper: The Lawyer
Reading time: 5 Min

‘One for all’, or arbitration clauses with effect for unconcluded contracts?

Recent decision in Switzerland should be noted by counsel

Introduction
The highest court of Switzerland recently issued a decision on the contentious topic of how to treat arbitration clauses contained in a multi-contractual party framework.

Facts of the case

The claimant in the arbitration proceedings (and respondent of the appeal proceedings before the Federal Tribunal), a German manufacturer, sought damages from ...

Subject: Employment & Pensions
Autor: Rahel A. Nedi
Paper: ARV-DTA 2-2020, S. 125 ff.
Reading time: 5 Min

Reimbursement of costs in home office

In the Federal Supreme Court ruling 4A_533/2018 of 23 April 2019, it was inter alia disputed between the parties whether the employee was entitled to compensation for the use of a room in his private home as a study or archive. The Federal Supreme Court affirmed this.

Does this decision automatically apply to home office-cases in times of Covid-19? The author critically assesses the Federal Court's ruling in view of Covid-19."

Subject: Tax
Autor: Roland Böhi , Lukas Scherer , Manuel Vogler
Paper: PD Tax Newsletter

eSports and taxes

eSports – the competitive playing of computer and video games is enjoying growing popularity in Switzerland. So far, this phenomenon has not yet been given much attention in the Swiss tax environment. Our article flags open questions and provides possible solutions for eSports athletes as well as for eSports organisations.

Subject: Dispute Resolution
Autor: Nicolas Dommer , Reto M. Jenny , Cinzia Paolucci
Paper: GAR Know-How Litigation

"GAR Know-How Litigation": Swiss Chapter

In the latest version of "GAR Know-How Litigation" Dr. Reto M. Jenny, Cinzia Paolucci and Dr. Nicolas Dommer provide an overview of the civil litigation system in Switzerland.

Subject: Tax
Autor: Roland Böhi , Lukas Scherer , Manuel Vogler

The implementation of the patent box

Covid-19 and the related tax issues have been omnipresent in the Swiss tax landscape in recent months. The entry into force of the corporate tax reform (so-called TRAF) and the mea...

Subject: Corporate & M&A
Autor: Mark Meili , Manuel Vogler
Paper: IFLR Capital Markets

IFLR: Switzerland restricts bearer shares

In this article of the IFLR, Mark Meili and Manuel Vogler outline the effects of the new Swiss rules on the disclosure of beneficial owners and the related restrictions on Swiss be...

Subject: Insolvency & Restructuring
Paper: The Restructuring Review

The Restructuring Review 2020: Switzerland

In the latest issue of "The Restructuring Review", Daniel Hayek and Mark Meili provide an overview of the special features of Swiss restructuring law, taking into account the lates...

Label: Highlight
Subject: Loans / Covid 19
Paper: NZZ
Reading time: 4 Min

What comes after the bridging loan?

In the 15 June 2020 issue of the NZZ (New Journal of Zurich), Daniel Hayek and Mark Meili discuss the problems surrounding the repayment of the COVID-19 bridging loans and suggest ...

Subject: Insolvency & Restructuring
Paper: Financier Worldwide

Financier Worldwide: Bankruptcy & Restructuring 2020

In the 2020 edition of the InDepth Feature: Bankruptcy & Restructuring 2020, Daniel Hayek and Mark Meili discuss the current economic situation in Switzerland in times of COVID-19 ...

Subject: Dispute Resolution
Autor: Urs Feller
Paper: IBA Litigation Newsletter

IBA Annual Conference report Seoul 2019 "Litigation crisis management"

Urs Feller provides a brief Conference report on the Litigation crisis management session which was held at the IBA Annual Conference 2019 in Seoul.

Subject: Loans / Covid 19
Autor: Vanessa Bernheim , Michael Mosimann , Rahel A. Nedi , Lukas Scherer
Paper: PD Launch Pad Newsletter

PD Launch Pad Newsletter May 2020: Liquidity Support for Start-ups Hit by COVID-19

With its COVID-19 Joint and Several Loan Guarantee Ordinance dated 25 March 2020 ("COVID-19 Guarantee Ordinance"), the Swiss Federal Council established a liquidity support scheme ...

Subject: Loans / Covid 19
Autor: Urs Feller , Marcel Frey , Thierry Steib
Paper: PD Newsletter

Consequences of coronavirus on Swiss civil proceedings

On the basis of its constitutional authority to legislate by issuing direct orders to maintain public order, the Swiss Federal Council on April 16, 2020 enacted a COVID-19 regulati...

Subject: Loans / Covid 19
Paper: PD Newsletter

New measures in case of imminent or identified over-indebtedness of companies

Last month we showed how companies can restructure and avoid bankruptcy if they run into financial difficulties due to the corona crisis. In the meantime, the Federal Council has e...

Subject: Startups
Autor: Michael Mosimann , Christian Schönfeld
Paper: International Financial Law Review IFLR

Demystifying blockchain regulation in Switzerland

Subject: Dispute Resolution
Paper: The Lawyer
Reading time: 5 Min

Admissible and Inadmissible complaints in Swiss Arbitration

Swiss Supreme Court finds stribunal overstepped the bounds of its competency

Introduction
In its decision 4A_294/2019 and 4A_296/2019 of November 13, 2019, the Swiss Federal Supreme Court, acting as sole court of appeal in arbitration matters, had to examine whether an award rendered by a Swiss arbitral tribunal was to be considered being extra petita. In one of the rare cases of an award being overturned, the court found that the tribunal had partially overstepped the bounds of its competency.

Facts of the matter

A Turkish company (Respondent 2) had undertaken to supply 60 armoured vehicles to a department of the Turkish Interior Ministry. Respondent 2 appointed anoth...

Subject: Corporate News
Autor: Daniel Hayek
Paper: Legal 500

Managing Partner Daniel Hayek of Prager Dreifuss on the dilemma of culture and change

Managing Partner Daniel Hayek talks in an interview with Legal 500 on the dilemma of culture and change.

Subject: Loans / Covid 19
Paper: PD Newsletter

Consequences of the coronavirus - Contract adjustment and restructuring

With the outbreak of the coronavirus in Switzerland, various legal questions arise for companies, in particular with regard to the validity and amendment of contracts. If insolvenc...

Subject: Loans / Covid 19
Autor: Roland Böhi , Nicole Fröhlich , Lukas Scherer , Manuel Vogler , Laura Bartesaghi
Paper: PD Tax Newsletter

Tax consequences of coronavirus for employees and companies

The Corona Pandemic confronts us all with new and unknown challenges. In order to make a small contribution to overcoming the current situation, the Tax Team describes certain tax ...

Subject: Loans / Covid 19

Legal Solidarity

In the present situation with the stringent measures that the Swiss Government took to protect the public, many individuals and SMEs are in urgent need of legal advice. Should you ...

Subject: Loans / Covid 19
Autor: Daniel Hayek

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 scho...

Subject: Tax
Autor: Roland Böhi
Paper: NZZ

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 busi...

Subject: Dispute Resolution
Paper: Thomson Reuters Practical Law
Reading time: 30 Min

Litigation and enforcement in Switzerland: overview

A Q&A guide to dispute resolution law in Switzerland.

The country-specific Q&A gives a structured overview of the key practical issues concerning dispute resolution in this jurisdiction, including court procedures; fees and funding; interim remedies (including attachment orders); disclosure; expert evidence; appeals; class actions; enforcement; cross-border issues; the use of ADR; and any reform proposals.

To compare answers across multiple jurisdictions visit the Litigation and enforcement Country Q&A tool.

This Q&A is part of the global guide to dispute resolution. For a full list of jurisdictional Q&As visit global.practicallaw.com/dispute-guide.

Main dispute resolution methods

1. What are the main dispute resolution methods used in your jurisdiction to resolve large commercial disputes?

In Switzerland, large commerci...

Subject: Tax
Autor: Roland Böhi , Lukas Scherer , Manuel Vogler
Paper: PD Tax Newsletter

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 public...

Subject: Tax

The abolishment of holding company status: Measures to mitigate the tax burden

The Federal Act on Tax Reform and AHV Financing (TRAF) abolished cantonal tax privileges for holding, domicile and mixed companies. Roland Böhi and Lukas Scherer of Prager Dreifuss...

Subject: Insurance & Reinsurance
Paper: IFLR

IFLR - For a rainy day - corporate cyber insurance

Subject: Corporate News
Paper: Who's Who Legal

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”.

Subject: Dispute Resolution
Paper: Thomson Reuters Practical Law
Reading time: 30 Min

Arbitration procedures and practice in Switzerland: overview

A Q&A guide to arbitration law and practice in Switzerland.

The country-specific Q&A guide provides a structured overview of the key practical issues concerning arbitration in this jurisdiction, including any mandatory provisions and default rules applicable under local law, confidentiality, local courts' willingness to assist arbitration, enforcement of awards and the available remedies, both final and interim.

To compare answers across multiple jurisdictions visit the Arbitration procedures and practice Country Q&A tool.

This Q&A is part of the multi-jurisdictional guide to arbitration. For a full list of jurisdictional Q&As visit global.practicallaw.com/arbitration-guide.

Use of arbitration and recent trends

1. How is commercial arbitration used and what are the recent trends?

Use of commercial arbitration and recent trends

Arbitration is w...

Subject: Tax
Autor: Roland Böhi , Nicole Fröhlich
Paper: PD Newsletter

Tax-exempt private capital gains subject to increasing restrictions

Generally, private capital gains are tax-exempt in Switzerland. However, this principle is subject to restrictions which seem to be getting more and more strict.

Subject: Banking & Finance
Paper: The International Comparative Legal Guide

The International Comparative Legal Guide: Project Finance 2020 Switzerland

In the 2020 edition of the International Comparative Legal Guide to Project Finance, Daniel Hayek and Mark Meili discuss common issues in project finance laws and regulations in Sw...

Subject: Tax
Autor: Lukas Scherer

A view across the border… a comprehensive study on Corporate Financing via Token Emissions – Taxation in Germany and Switzerland

A view across the border… In cooperation with the German Institute of Finance and Taxation (ifst) and fellow lawyers from Germany and Switzerland, Lukas Scherer published a compreh...

Subject: Tax
Autor: Lukas Scherer , Laura Bartesaghi

New practice of the Swiss Federal Tax Administration on refund of Swiss withholding tax to Swiss tax-resident individuals

With retroactive effect as of 1 January 2019, the forfeiture of the right of Swiss tax-resident individuals to claim refund of Swiss withholding tax has been slightly amended. On 4...

Subject: Insolvency & Restructuring
Paper: The Insolvency Review

The Insolvency Review 2019: Switzerland

Daniel Hayek and Mark Meili published the Swiss chapter in the latest edition of The Insolvency Review. In this chapter, the authors give an overview of the distinctive features of...

Subject: Tax
Autor: Roland Böhi , Nicole Fröhlich
Paper: PD Tax Newsletter

Tax loss allocation in real estate companies - clarification by the Federal Supreme Court

Tax losses incurred by a real estate company in secondary tax domiciles are to be borne by the primary tax domicile in the first place. Losses exceeding the profit at the primary t...

Subject: Corporate News

Summer Internship 2020

Prager Dreifuss bietet Ihnen, den fortgeschrittenen Studierenden der Rechtswissenschaften an einer Schweizer Universität, die Möglichkeit, im Rahmen eines fünfwöchigen Summer Inter...

Subject: Corporate News

Rechtsanwältin/Rechtsanwalt

Für unser Zürcher Büro suchen wir suchen eine/einen Rechtsanwältin/Rechtsanwalt (Litigation Insurance)

Subject: Banking & Finance
Paper: IFLR

A guide to cross-border financing in Switzerland

Daniel Hayek and Mark Meili look at the rules, practicalities and latest developments in what continues to be a friendly environment for cross-border financing.

Subject: Tax
Autor: Lukas Scherer , Laura Bartesaghi
Paper: PD Newsletter

Tax Newsletter November 2019 – STAF Übergangsmassnahmen

Die Autoren besprechen die Übergangsmassnahmen der STAF, die für bis anhin privilegiert besteuerte Unternehmen an Silvester in Kraft treten werden. Die Kantone sehen die Anwendung ...

Subject: Dispute Resolution
Paper: LexisNexis Professional Support Lawyer (PSL)

No-deal Brexit and jurisdiction issues - the Swiss position

Dr. Urs Feller, Marcel Frey and Michaela Kappeler discuss from the Swiss perspective the likely impact of a no-deal Brexit on civil justice matters involving UK parties and the app...

Subject: Dispute Resolution
Paper: LexisNexis Professional Support Lawyer (PSL)

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

Dr. Urs Feller, Marcel Frey and Michaela Kappeler discuss how a no-deal Brexit will affect the recognition and enforcement of judgments between the UK and Switzerland.

Subject: Competition & Regulatory Matters
Paper: Getting The Deal Through

Public Procurement 2019 – Switzerland

Bernhard Lauterburg and Philipp Zurkinden provide a brief overview on public procurement laws in Switzerland.

Subject: Competition & Regulatory Matters
Paper: The Lawyer

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.

Subject: Tax
Autor: Roland Böhi , Lukas Scherer , Manuel Vogler
Paper: PD Tax Newsletter

Amended protocol of double taxation agreement between Switzerland and USA

On 20 September 2019, Switzerland and the USA ratified the protocol of amendment of their double taxation treaty. The implemented protocol is intended to mark "a milestone" in the ...

Subject: Insolvency & Restructuring
Paper: The Restructuring Review

The Restructuring Review 2019: Switzerland

Daniel Hayek and Mark Meili published the Swiss chapter in the latest edition of The Restructuring Review. In this chapter, the authors give an overview of the distinctive features...

Subject: Tax
Autor: Roland Böhi , Peter Hongler (Walder Wyss AG)
Paper: IFA 2019 London Congress, Cahiers

Tax Newsletter September 2019 - IFA country report 2019: Analysis of Swiss interest deductibility restrictions from the perspective of BEPS Action 4

As part of the IFA Congress 2019 held in London, the authors discuss BEPS Action 4 (interest deductibility) and its implementation in Switzerland. Interest limitation rules, as the...

Subject: Competition & Regulatory Matters
Autor: Michael Mosimann , Christian Schönfeld
Paper: PD Newsletter

Fintech Newsletter September 2019: Praktische Auswirkungen der neuen FINMA-Aufsichtsmitteilung "Zahlungsverkehr auf der Blockchain"

Dr. Michael Mosimann und Dr. Christian Schönfeld besprechen die praktischen Auswirkungen der neuen FINMA-Aufsichtsmitteilung 02/2019 vom 26. August 2019.

Subject: Insurance & Reinsurance

Swiss Construction Law Conference 2019 – Presentation: New collaboration models in construction projects – New risks and what they mean for planners’ professional liability insurance

The forms of collaboration are changing. New models of collaboration affect the risks of those involved in construction. Hans-Ulrich Brunner was a speaker at the 23rd Swiss Constru...

Subject: Insurance & Reinsurance

Vortrag an der Baurechtstagung 2019 in Freiburg: Risiken aus neuen Kooperationsformen - was sie für die Planerhaftpflichtversicherung bedeuten

Die Formen der Zusammenarbeit verändern sich. Dabei schlagen neue Formen auch auf die Risiken der Baubeteiligten durch, die sich mitunter verschieben. Hans-Ulrich Brunner war Refer...

Subject: Tax
Autor: Roland Böhi , Manuel Vogler
Paper: IFLR

Tax Summer Update: Revised Swiss corporate tax reform and required actions to benefit

The Swiss electorate recently approved the long awaited Swiss Corporate Tax overhaul. In this IFLR article, the Prager Dreifuss tax team describes its various measures and how the ...

Subject: Insolvency & Restructuring
Paper: Financier Worldwide

Annual Review Bankruptcy & Restructuring

In the 2019 edition of the Annual Review of Bankruptcy & Restructuring, Daniel Hayek and Mark Meili discuss the current economic situation in Switzerland and its impact on corporat...

Subject: Tax
Autor: Roland Böhi , Manuel Vogler , Danielle Wenger
Paper: PD Newsletter

New ruling regarding joint and several tax liability of directors

The tax team discusses a new ruling of the Swiss Federal Supreme Court regarding the joint and several tax liability of board members in case of a factual liquidation and its impac...

Subject: Banking & Finance
Paper: The International Comparative Legal Guide

The International Comparative Legal Guide: Project Finance 2019 Switzerland

In the 2019 edition of the International Comparative Legal Guide to Project Finance, Daniel Hayek and Mark Meili discuss common issues in project finance laws and regulations in Sw...

Subject: Dispute Resolution
Autor: Urs Feller , Andreas A. Schregenberger
Paper: IFLR

Right to be heard vs. "surprising" contract interpretation

Urs Feller and Andreas Schregenberger explain why an appeal against an award based on a "surprising" contract interpretation may as a rule not be successful.

Subject: Tax
Autor: Roland Böhi , Nicole Fröhlich , Danielle Wenger
Paper: PD Tax Newsletter

Tax Newsletter April 2019: Implementation of Multilateral Instrument (MLI) in Switzerland

As part of the BEPS Project, the OECD has developed the Multilateral Instrument (MLI) to efficiently modify a large number of bilateral tax treaties. Switzerland has signed the MLI...

Subject: Insolvency & Restructuring
Autor: Daniel Hayek , Remo Wagner

The Subordination of Loans, in particular in the Insolvency of the Involved Parties

Subject: Banking & Finance
Autor: Michael Mosimann
Paper: IFLR

Blockchain in der Schweizerischen Rechtsordnung

Subject: Tax
Autor: Roland Böhi
Paper: NZZ

Avoidance of tax costs in corporate successions

Set the course on time in order to avoid tax costs in corporate successions

Subject: Tax
Autor: Roland Böhi , Danielle Wenger
Paper: PD Newsletter

International Debt Financings of Swiss Headquartered Groups Become Even More Attractive

International debt financings of Swiss headquartered groups become even more attractive pursuant to a recently announced clarification of the practice applied by the Swiss Federal ...

Subject: Corporate News

Summer Internship

Prager Dreifuss bietet Ihnen, den fortgeschrittenen Studierenden der Rechtswissenschaften an einer Schweizer Universität, die Möglichkeit, im Rahmen eines fünfwöchigen Summer Inter...

Subject: Dispute Resolution
Autor: Gion Christian Casanova , Andreas A. Schregenberger
Paper: NYSBA International Law Practicum

The Scope of Due Service of Process: Swiss Law Considerations on the Enforcement of Foreign Default Judgments

Subject: Tax
Autor: Roland Böhi , Manuel Vogler , Danielle Wenger
Paper: PD Newsletter

Tax Newsletter / January 2019: new and well-known tax traps in corporate succession

Subject: Corporate News

Who’s Who Legal Thought Leaders 2019

Christoph Graber has been named by Who’s Who Legal as the only lawyer from continental Europe as a “Thought Leader” in “Insurance and Reinsurance”. The Thought Leader ranking is ba...

Subject: Tax
Autor: Roland Böhi , Manuel Vogler , Danielle Wenger
Paper: PD Tax Newsletter

Tax Newsletter Dezember 2018: Besteuerung von Blockchain und Kryptowährung

Das Tax Team bespricht die Besteuerung eines Initial Coin Offerings anhand eines Fallbeispieles.

Subject: Tax
Paper: PD Tax Newsletter

Tax Newsletter Dezember 2018: Taxation of blockchain and crypto currency

The tax team discusses a fictional case of an initial coin offering (ICO) from a Swiss tax perspective.

Subject: Dispute Resolution
Paper: Practical Law Country Guide

Litigation and enforcement in Switzerland: overview

Dr. Urs Feller, Marcel Frey and Bernhard Lauterburg address key practical issues concerning dispute resolution in Switzerland in a Q&A format that gives a structured overview of ma...

Subject: Tax
Autor: Roland Böhi , Manuel Vogler , Danielle Wenger
Paper: PD Tax Newsletter

Tax Newsletter November 2018: Revised Swiss corporate tax reform

Revised Swiss corporate tax reform will keep Switzerland a top corporate location – a brief overview.

Subject: Dispute Resolution
Autor: Urs Feller , Nina Lim
Paper: The Lawyer

Class Actions in Switzerland

Dr. Urs Feller and Nina Lim discuss the new instruments proposed by the Swiss Federal Council in order to enhance and strengthen the collective enforcement in Switzerland when a la...

Subject: Dispute Resolution
Paper: IFLR

IFLR: New law for the recogntion of foreign insolvency decrees in Switzerland

In international insolvencies, the insolvency administrator and creditors have to look for assets of the debtor in foreign jurisdictions. To what extent this is possible depends on...

Subject: Insolvency & Restructuring
Paper: The Insolvency Review

The Insolvency Review: Switzerland

In the 2018 edition “The Insolvency Review” Daniel Hayek and Laura Oegerli give a comprehensive overview of the most important aspects of Swiss insolvency law and the newest develo...

Subject: Capital Markets
Paper: The FinTech Edition

Smart Contracts under Swiss Law

This paper examines the legal qualification of Smart Contracts under Swiss law and gives an over-view over how Smart Contracts may interact with the fundamental rules of contract l...

Subject: Insolvency & Restructuring
Autor: Daniel Hayek , Chantal Joris
Paper: The Restructuring Review

The Restructuring Review - Switzerland

Daniel Hayek and Chantal Joris published the Swiss chapter in the latest edition of The Restructuring Review. In this chapter, the authors give an overview of the distinctive featu...

Subject: Corporate News
Autor: Matthias Bürge , Andreas Moll , Christian Schönfeld , Charlotte Rupf
Paper: IFLR

IFLR Magazine July/August 2018: Share Transfer Restrictions - Unanswered Questions

In the July/August edition of the IFLR Magazine Dr. Andreas Moll, Matthias Bürge, Dr. Christian Schönfeld and Charlotte Rupf discuss the Swiss regime regarding transfer restrictions...

Subject: Capital Markets
Paper: St. Galler Schriften zum Finanzmarktrecht, Band 12

Kollektive Kapitalanlagen in Krisensituationen

Von den Verwerfungen im Zuge der internationalen Finanzmarktkrise, die in den ersten Jahren des neuen Jahrtausends einsetzte, blieben auch schweizerische kollektive Kapitalanlagen ...

Subject: Corporate News
Autor: Marino Baldi

Juristische Publikationen von Dr. Marino Baldi

Subject: Dispute Resolution
Autor: Marino Baldi
Paper: AJP/PJA

Zur "Grundsätzlichkeit" der Bundesgerichtsurteile GABA und BMW - Die WEKO im Widerspruch zu "Lausanne" und informierter Sachlogik

Gemäss den Urteilen GABA und BMW handelt es sich beim Merkmal der Erheblichkeit in Art. 5 Abs. 1 KG um eine Bagatellklausel mit der Funktion eines Aufgreifkriteriums. Die materiell...

Subject: Corporate News

The LEGAL 500 (LEGALEASE ) GC Summit in association with Pager Dreifuss was held at the Baur au Lac on 25 May 2018

The keynote speaker Pierre Gentin and several GCs as panellists talked about corporate ethics and leadership.

Subject: Insurance & Reinsurance
Paper: PD Newsletter

Newsletter Mai 2018 - Regress des Eigenschadenversicherers - Änderung der Rechtsprechung

Der Mai 2018 Newsletter informiert über den Entscheid des Bundesgerichts vom 7. Mai 2018, mit dem das Bundesgericht seine rund 100jährige Praxis zum Regressanspruch des Versicherer...

Subject: Insolvency & Restructuring
Autor: Daniel Hayek , Chantal Joris
Paper: IFLR

Subordination an der Schnittstelle zwischen Finanzierung und Insolvenz

Der IFLR Beitrag von Daniel Hayek und Chantal Joris folgt dem Vortrag von Daniel Hayek anlässlich der 6. Zürcher Tagung zum SchKG im Februar 2018. Der Artikel betrachtet verschiede...

Subject: Corporate News
Paper: Who's Who Legal

Interview with Christoph Graber at the Who’s Who Legal Roundtable

As one of five insurance law experts Christoph Graber discusses current topics, changes and developments in the areas of insurance and reinsurance – from the perspective of lawyers...

Subject: Tax
Autor: Roland Böhi , Nicole Fröhlich , Danielle Wenger
Paper: PD Tax Newsletter

Tax Newsletter March 2018:

Subject: Insolvency & Restructuring
Autor: Daniel Hayek

Daniel Hayek: Speaker at the 6th Zurich Convention on Bankruptcy and Restructuring: Recent Practice of Insolvency Law

Daniel Hayek was a speaker at the 6th Zurich convention on bankruptcy and restructuring organised by the Europa Institute at the University of Zurich (EIZ) in February 2018. His pr...

Subject: Tax
Autor: Roland Böhi , Danielle Wenger , Stefan A. Wandel
Paper: PD Newsletter

Tax Newsletter February 2018: Reform of the U.S. Tax Regime – The Swiss Perspective

Prager Dreifuss takes a closer look at international linkages of the recent U.S. tax reform and analyzes the major challenges ahead for individuals as well as multinational corpora...

Subject: Insurance & Reinsurance
Paper: Festschrift für Anton K. Schnyder

"Mandatory Recourse" pursuant to art. 65 para. 3 of the Swiss Traffic Code

In this publication, a contribution in the festschrift dedicated to Prof. A. Schnyder, Hans-Ulrich Brunner comments on the revised Art. 65 Abs. 3 of the Swiss Traffic Code, which i...

Subject: Insurance & Reinsurance
Paper: Festschrift für Anton K. Schnyder

Geschäftsführung und Folgepflicht in der offenen Mitversicherung

About the legal nature of co-insurance and the rights and obligations of the parties.

Subject: Corporate News

Prager Dreifuss mit zwei Nennungen in Who’s Who Legal Switzerland: Insurance and Reinsurance 2018 – Christoph Graber auf Platz 1 der „most highly regarded“ – Liste

Prager Dreifuss achieves two listings in this chapter:

Christoph Graber is „truly excellent“ when it comes to insurance matters, where sources consider him „the top name in the ...

Autor: Roland Böhi , Danielle Wenger , Stefan A. Wandel
Paper: PD Tax Newsletter

Tax Newsletter December 2017: Taxation of Initial Coin Offerings in Switzerland

Prager Dreifuss breaks down the taxation models applied to Initial Coin Offerings to help give you a better sense of the current Swiss fiscal regulatory spectrum.

Autor: Urs Feller , Marcel Frey , Nina Lim
Paper: LexisNexis Dispute Resolution Law Guide

LexisNexis Dispute Resolution Law Guide 2018

Dr. Urs Feller, Marcel Frey and Nina Lim analyze the Swiss civil procedure system and discuss aspects such as structure and process of the court system, litigation funding, enforce...

Paper: The Insolvency Review

Swiss Chapter on Insolvency Proceedings

In this chapter of "The Insolvency Review" Daniel Hayek and Laura Oegerli give a comprehensive overview of the most important aspects of Swiss insolvency law.

Paper: The Lawyer

What Revision of Swiss Data Protection Act Means

On September 15, the Swiss Federal Council published a bill for the comprehensive Revision of the Swiss Federal Data Protection Act. Dr. Hans-Ulrich Brunner and Raphael Keller pres...

Autor: Roland Böhi , Danielle Wenger , Laura Oegerli
Paper: PD Newsletter

Tax Newsletter November 2017: Country-by-Country Reporting for Multinational Corporations and Automatic Exchange of Information of Financial Data as of 1.1.2018

As of 1.1.2018, multinational corporations will be obliged to generate country-by-country reports. Further, certain financial data will be subject to the automatic exchange of info...

Pre-emption rights – an unfailing source of conflict

In this briefing Christian Casanova highlights issues potentially arising from pre-emption rights in the sale of a co-property. In a judgment of 2 August 2016 the Federal Supreme C...

Paper: The Lawyer

Free at Last? A Contract for the ‘Professional Insured’

In June 2017 the Swiss Federal Council has adopted the dispatch to the Parliament on the amendments of the Insurance Contract Act (ICA). Christian Casanova provides in this briefin...

Cutting-edge ways of introducing and taking evidence – session report

The co-moderators Christian Casanova (Prager Dreifuss) and Cedric Chao (DLA Piper) summarise in this session report the discussions of the panel ‘Cutting-edge ways of introducing a...

Autor: Daniel Hayek , Alexander Flink
Paper: Getting The Deal Through

Joint Ventures 2018: Country Chapter Switzerland

Due to its competitive tax regime, the availability of qualified personnel, well developed service sector and geographical location, Switzerland is an excellent location for domest...

Revision of the FINMA circular regarding public deposits with non-banks – submission of comments to the draft by Prager Dreifuss

Prof. Dr. Urs Bertschinger and Dr. Christian Schönfeld have submitted comments to the draft for the revision of the Swiss Financial Market Supervisory Authority FINMA’s circular 20...

Paper: Getting The Deal Through

Public Procurement 2017 – Switzerland

Bernhard Lauterburg and Philipp Zurkinden provide a brief overview on public procurement laws in Switzerland.

Autor: Roland Böhi , Danielle Wenger , Laura Oegerli
Paper: PD Newsletter

Newsletter October 2017: New Provisions as of 1.1.2018 in the Swiss Federal Act on Value Added Tax

Revision of the Swiss VAT: Switzerland expands VAT liability for foreign companies and e-commerce providers and reduces the VAT rate by 0.3%.

Sovereign immunity - Switzerland

Dr. Urs Feller and Marcel Frey give an overview on strategies and conditions for successful enforcement of judgements and arbitral awards against foreign state assets located in Sw...

Paper: Merger control in Switzerland, market intelligence

Merger control in Switzerland, market intelligence

Country report on merger control. Philipp and Bernhard discuss the latest trend in merger control in Switzerland.

Autor: Matthias Bürge , Andreas Moll , Charlotte Rupf
Paper: IFLR

Data protection in the due diligence of M&A transactions

Dr. Andreas Moll, Matthias Bürge and Charlotte Rupf assess the importance of data protection in the due diligence process of M&A transactions. They discuss the applicable data prot...

Autor: Marino Baldi

After the GABA decision on the significance test in competition law

With its decision in the GABA case, the Swiss Federal Supreme Court has given its understanding of the significance test in Article 5 SCA. In the court’s view, the element function...

Autor: Marino Baldi
Paper: NZZ

Anti-trust law must not be undermined

The author has, for many years, in a number of contributions in law journals argued that the criterion "significantly restricting competition" in Article 5 para. 1 SCA should – for...

Dr. Jvo Grundler joined Prager Dreifuss as Of Counsel

The partners of Prager Dreifuss AG are pleased to announce that Dr. Jvo Grundler joined the law firm as Of Counsel. Jvo Grundler’s expertise of over 25 years focuses on M&A, capita...

Autor: Roland Böhi , Danielle Wenger
Paper: PD Newsletter

Newsletter May 2017: Flat-rate Taxation for high-net-worth individuals

Foreign nationals resident in Switzerland can be taxed on a lump-sum (flat-rate) basis if they are not gainfully employed in Switzerland. This taxation is based on the taxpayers’ a...

GC Summit with The Legal 500 / GC Magazine and Prager Dreifuss at the Baur au Lac Hotel

The Legal 500 /GC Magazine and Prager Dreifuss GC Summit on the topic “Disruptive innovation and the In-house lawyer” took place last Thursday 18 May 2017 at the Baur au Lac Hotel i...

Bilanz 5/2017: Prager Dreifuss ranked first in a survey in the area insurance law

Prager Dreifuss received most recommendations from colleagues and clients in the area insurance law in a broad survey by the journal Bilanz in collaboration with Statista that was ...

Autor: Roland Böhi , Danielle Wenger
Paper: PD Newsletter

Newsletter April 2017: Spontaneous exchange of information of tax rulings as of 1.1.2018

Switzerland implements BEPS action point 5 and will exchange particular tax ruling information as of 2018 with partner states by means of spontaneous exchange of information.

Autor: Roland Böhi , Danielle Wenger
Paper: PD Newsletter

Newsletter March 2017: Double Taxation Treaty Switzerland - Liechtenstein, entered into force on January 1, 2017

The first tax treaty between Switzerland and the Principality of Liechtenstein simplifies the cross-border business from a tax point of view.

Autor: Roland Böhi , Danielle Wenger
Paper: PD Tax Newsletter

Newsletter - February 2017: 30-day Notification Period for Intercompany Dividends Eased – Assessment of Repayment Claims Relating to Withholding Taxes Paid and Default Interests Paid is Necessary

30-day notification period for intercompany dividends eased – assessment of repayment claims relating to withholding taxes paid and default interests paid is necessary

Dr. Roland Böhi joins Prager Dreifuss as partner

Roland Böhi’s practice focuses on all aspects of tax law. His long-standing expertise includes M&A, private equity, corporate financing, real estate, national and cross-border corp...

Autor: Urs Feller , Marcel Frey , Danielle Wenger
Paper: PD Newsletter

Regularization of undisclosed assets in Switzerland and South Africa – Transparency on the horizon

Urs Feller, Danielle Wenger and Marcel Frey give an overview of the developments and the legal situation with regard to the regularization of undisclosed assets in Switzerland and ...

Paper: PD Newsletter

Corporate criminal liability: Clarification by the Federal Tribunal

Urs Feller and Marcel Frey examine the clarification offered by the Federal Tribunal in a recent decision on the prerequisites for the primary criminal liability of corporate entit...

Autor: Daniel Hayek
Paper: Financier Worldwide

Bankruptcy & Restructuring Roundtable

Daniel Hayek and other expert panellists from reputable law firms share their thoughts on challenges, legal developments, cross-border issues, financing etc. in the increasingly im...

Paper: LexisNexis Dispute Resolution Law Guide

LexisNexis Dispute Resolution Law Guide 2017

Urs Feller, Marcel Frey and Michaela Kappeler analyze the Swiss civil procedure system and discuss aspects such as structure of court system, litigation funding, enforcement and al...

Autor: Urs Feller
Paper: Financier Worldwide

Litigation & Alternative Dispute Resolution 2016 Annual Review - Switzerland

Urs Feller discusses current trends and challenges in state court litigation and international arbitration proceedings as well as methods of proactive management of contractual dis...

Autor: Christoph K. Graber , Isabel A. Kölliker
Paper: IBA Insurance Committee Substantive Project

The insurers’ rights of recovery

As part of the IBA Substantive Project 2016, Christoph K. Graber and Isabel A. Kölliker give an overview of the insurer’s rights of recovery in Switzerland.

Autor: Gion Christian Casanova , Alexander Flink
Paper: GRR’s Special Report - The European, Middle Eastern and African Restructuring Review

Freezing Orders and Asset Tracing

Switzerland is home to more than 260 banks, with an aggregate balance sheet total of approximately 3 trillion Swiss francs. A considerable part of the assets managed in Switzerland...

Autor: Daniel Hayek
Paper: The Lawyer

Thought leader: insolvency and restructuring

Daniel Hayek gives an update on the current insolvency and restructuring landscape in Switzerland, recent case law and legislative changes to come.

Autor: Ralph Butz
Paper: The Lawyer

Getting ready for Automatic Exchange of Information

Ralph Butz and Michaela Kappeler discuss the legal framework regarding the introduction of the Automatic Exchange of Information in Switzerland as well as potential implementation ...

Autor: Remo Wagner
Paper: AJP/PJA

Arbeitsvertrag: Überwachung von Mitarbeitergeschäften im Effektenhandel

Remo Wagner’s contribution discusses the monitoring of employee transactions in securities trading from the perspective of Employment and Data Protection Law

Autor: Roland Böhi , Anna Eldring
Paper: Expert Focus

Restructuring Merger with minority Shareholders

Dr. Roland Böhi explains the tax implications of a restructuring merger between sister companies in a situation where minority shareholders  now hold shares in the merged company i...

Paper: The Lawyer

Brexit: Why the UK may consider taking the Swiss approach

Daniel Hayek and Mark Meili discuss the impact of Brexit on jurisdiction clauses and consider that the UK may follow the Swiss approach to replace the Brussels regulation.

Paper: Baurecht

Wesen und Unwesen der Bauwesenversicherung

Die Bauwesenversicherung verspricht im Sinne einer "Wohlfühlversicherung" Schutz auf breiter Front während der Realisierung von Bauwerken. Hans-Ulrich Brunner wirft Streiflichter a...

Paper: PD Newsletter

Prager Dreifuss Newsletter - July 2016: Criminalizing corruption – New criminal provisions on private bribery

In the July 2016 newsletter, Dr. Urs Feller and Marcel Frey present the criminal provision combatting private bribery that has been transposed into the Swiss Criminal Code as of Ju...

Prager Dreifuss co-hosted Legal500 GC-Summit Trailblazers event in Zurich

Prager Dreifuss, together with Legal500 and GCMagazine, hosted a leading-edge event in Zurich on 8 June 2016 featuring former general counsel of DuPont and law department innovator...

Paper: The Lawyer

Landlords beware of tenant lease continuation rights

Dr. Gion Christian Casanova presents a brief on a recent decision of the Swiss Federal Tribunal expanding the commercial tenant’s claim to an extension of the lease.

Paper: St. Galler Schriften zum Finanzmarktrecht, Band 12

Collective Investment Schemes in Distress

This thesis is concerned with collective investment schemes in distress. It starts by giving an overview of the Swiss Collective Investment Schemes Act (CISA) and the collective in...

Autor: Daniel Hayek , Alexander Flink
Paper: The Lawyer

The floating charge is no longer a foreign concept

Daniel Hayek and Alexander Flink discuss the option to create a "floating charge" over intermediated securities and the additional flexibility it provides in finance transactions.

...
Autor: Remo Wagner
Paper: AJP/PJA

Die Rund-um-die-Uhr-Betreuung in der Pflege

Remo Wagner’s contribution deals with the legal qualification and admissibility of private care and support services, in particular of 24-hours-working-models

Paper: Financier Worldwide

Financier Worldwide - Annual Real Estate Review

Hans-Ulrich Brunner discusses the latest trends and challenges on the Swiss real estate market.

Autor: Stefan A. Wandel
Paper: SZW

Global Financial Standards and Regulatory Reforms

Stefan Wandel discusses the evolution of global post-crisis standards in finance and takes a critical look at their effectiveness to prevent cross-border systemic risk. The analysi...

Paper: IBA International Litigation News

Freezing assets in Switzerland: new developments

Urs Feller and Marcel Frey analyze the recent jurisprudence of the Federal Tribunal in the legal area of freezing of assets under the revised attachment provisions.  The authors di...

Paper: Merger control in Switzerland, market intelligence

Merger control in Switzerland, market intelligence

Country report on merger control. Philipp and Bernhard discuss the latest trend in merger control in Switzerland.

Autor: Roland Böhi
Paper: IFF Forum für Steuerrecht

Undercapitalization or Deemed Equity?

Dr. Roland Böhi analyses the Swiss legal basis to prevent undercapitalization. Referring to a recent decision of the Swiss Supreme Court, he demonstrates inconsistencies between le...

Paper: LexisNexis Dispute Resolution Law Guide

Switzerland Dispute Resolution Law Guide 2016

Urs Feller, Marcel Frey and Michaela Lemke analyze the Swiss civil procedure system and discuss aspects such as structure of court system, litigation funding, enforcement and alter...

Autor: Daniel Hayek
Paper: International Financial Law Review IFLR

Strategies for Derivative Transactions in Times of negative Interest Rates

The authors discuss the impacts of negative interest rates on derivative transactions in light of new Swiss financial markets regulation. They outline potential risks for parties e...

Prager Dreifuss Newsletter - März 2016: Administrative Assistance in Tax Matters - Group Requests

Dr. Urs Feller, Danielle Wenger und Michaela Lemke besprechen den Verfahrensablauf und rechtliche Fragen betreffend die Amtshilfe in Steuersachen gestützt auf das kürzlich von de...
Paper: Financier Worldwide

Annual Review – D&O Risk & Liability Switzerland

Christoph Graber gives an overview on the particularities and pitfalls of D&O risk and liability in Switzerland.

Autor: Urs Feller

Commentary on Swiss Civil Procedure Code, Art. 11, 12, 19 and 32 – 34, by Dr. Urs Feller/Dr. Jürg Bloch

Urs Feller together with Jürg Bloch comments in the standard commentary by Sutter-Somm/Hasenböhler/Leuenberger (Hrsg.), Kommentar zur Schweizerischen Zivilprozessordnung (ZPO), 3. Au...

Paper: The Lawyer

Disclosure of bank details: who has the right to object

Dr. Urs Feller and Marcel Frey discuss the implications of a recent Federal Tribunal decision pertaining to the issue of standing of account holders and beneficial owners in procee...

Autor: Marino Baldi

"Zweimal hü und zweimal hott" beim Schweizer Kartellgericht

One of the most disputed question relating to Article 5 SCA on restrictive agreements concerns the test that triggers off the application of the provision. Under Article 101 TFEU t...

Paper: Chambers and Partners, Merger Control

Chambers Practice Guides: Merger Control

Philipp Zurkinden and Bernhard Lauterburg provide an overview on merger control in Switzerland.

Autor: Daniel Hayek , Alexander Flink
Paper: Financier Worldwide

Market Outlook 2016 - Switzerland

Daniel Hayek shares his opinion on the outlook in the Swiss Market. Given that the international economy should improve gradually, he anticipates a moderate acceleration in economi...

Autor: Matthias Bürge , Andreas Moll
Paper: International Financial Law Review IFLR

Corporate Governance: Switzerland’s New Transparency Rules

Dr. Andreas Moll and Matthias Bürge discuss the new Swiss transparency rules providing for reporting duties with respect to bearer shares of companies limited by shares and the ben...

Dr. Reto M. Jenny joins Prager Dreifuss as counsel

Reto Jenny represents clients before state courts and arbitration tribunals. He advises and represents clients in contractual, insurance and commercial cases as well as in the area...

Autor: Urs Feller , Danielle Wenger
Paper: PD Newsletter

Prager Dreifuss Newsletter – März 2016: Administrative Assistance in Tax Matters – Group Requests

Dr. Urs Feller, Danielle Wenger and Michaela Lemke discuss the procedure and legal issues with regard to administrative assistance in tax matters based on the recent group request ...

Paper: Financier Worldwide

TalkingPoint: Swiss Antitrust Investigations

Financiar Worldwide speaks with Partner Philipp Zurkinden and Counsel Bernhard Lauterburg at Prager Dreifuss about Swiss antitrust Investigations.

Dr. Gion Christian Casanova becomes partner at Prager Dreifuss

Christian Casanova’s practice focuses on  insurance and reinsurance cases as well as liability and real estate matters. Christian further acts for clients in a broad range of civil...

Subject: Employment & Pensions
Autor: Rahel A. Nedi , Wolfgang Portmann
Paper: Festschrift für Isaak Meier zum 65. Geburtstag
Reading time: 10 Min

New forms of Employment - Crowdwork, Umbrella Companies and Employee Sharing

New forms of employment and their legal treatment 

Autor: Daniel Hayek , Dominik Skrobala
Paper: Financier Worldwide

The effect of the safe harbour ruling in Switzerland

In its landmark ruling of 6 October 2015, the European Court of Justice declared the EU Safe Harbour Framework invalid. Daniel Hayek, Dominik Skrobala and Chantal Joris discuss how...

Paper: Practical Law Country Guide

Enforcement of judgments in Switzerland: Overview

Dr. Urs Feller, Marcel Frey and Michaela Lemke provide an overview of what to expect and which steps need to be followed when enforcing foreign state court judgments in Switzerland...

Paper: Practical Law Country Guide

Enforcement of arbitral awards in Switzerland: Overview

Dr. Urs Feller, Marcel Frey and Michaela Lemke discuss which steps need to be undertaken and what to expect when enforcing foreign arbitral awards in Switzerland.

Autor: Marino Baldi
Paper: AJP/PJA

20 Jahre - und kein bisschen weiter?

The Swiss Cartel Act of 1995 (SCA 95) has now been in force for some 20 years. It is the first competition law of Switzerland that consistently aims at protecting “effective compet...

Paper: Financier Worldwide

Risks facing directors & officers

An ever-growing list of mandatory and non-mandatory rules is ramping up the risks faced by directors & officers. The general trend is toward raising the level of care expected of D...

Autor: Ralph Butz

The free flow of data

Ralph Butz and Michaela Lemke provide an overview of Switzerland’s steps to implement the Automatic Exchange of Information.

Paper: IFLR

Enforcing foreign judgments and awards

Dr. Urs Feller und Marcel Frey discuss the practical and procedural steps to be undertaken when enforcing a foreign state court judgment or foreign arbitral award in Switzerland.

Subject: Capital Markets
Paper: Festschrift für Peter Nobel 2015

Das Wertrechtebuch gemäss Art. 973c Obligationenrecht

Der Beitrag beleuchtet die Ausgestaltung und Bedeutung des Wertrechtebuches für die Schuld- und Aktienwertrechte sowie die Schaffung von Bucheffekten.

Paper: IBA Litigation Committe Compendium

Multi-Tiered Dispute Resolution Clauses

Article on the development of jurisprudence in Switzerland with regard to multi-tiered dispute resolution clauses.

Paper: Practical Law Country Guide

Litigation and enforcement in Switzerland: overview – Practical Law multi-jurisdictional guide 2015 / 2016

Article on the main principles of dispute resolution in Switzerland (litigation and arbitration) in civil matters in Q&A format.

Paper: IBA Insurance Committee Substantive Project

Applicable law and jurisdiction in international reinsurance contracts from a Swiss perspective

This article looks at a judgment handed down by the Swiss Federal Supreme Court on international reinsurance contracts, the issues of competence in reinsurance disputes and the app...

Autor: Roland Böhi
Paper: Der Schweizer Treuhänder

Indirect Financial Loss within a Corporate Group

The article of Dr. Roland Böhi discusses which risks arise from an indirect distribution of profits of a subsidiary to its grandparent company or to an affiliate. In particular, th...

Autor: Daniel Hayek , Alexander Flink
Paper: The Lawyer

Making Guarantees

Daniel Hayek and Alexander Flink are discussing the impact of a decision of the Swiss Federal Supreme Court dated 16 October 2014 on Swiss up-stream and cross-stream limitation lan...

Christoph Graber has been awarded as a “Most Highly Regarded Individual”.

Christoph Graber, as the only lawyer from continental Europe, has been listed in the Who’s Who Legal 2015 as one of the “Most Highly Regarded Individuals” in the area of “Insurance...

Autor: Andreas Moll
Paper: Financier Worldwide

Cash Pooling in Switzerland – impact on financings and M&A transactions

The authors provide a brief overview regarding a recent ruling of the Swiss Federal Court which held that intragroup loans which do not meet a third party test, i.e. are not at arm...

Paper: Getting The Deal Through

Public Procurement 2015 – Switzerland

Bernhard Lauterburg and Philipp Zurkinden provide a brief overview on public procurement laws in Switzerland.

Autor: Daniel Hayek , Chantal Joris , Christina Meyer
Paper: IFLR

Restructuring over liquidation

The authors provide a brief overview of the main novelties in the revised insolvency law. They analyse the impact of the revision on the creditors’ claims resulting from defaulted ...

Paper: A Global Competition Review special report

The Handbook of Competition Enforcement Agencies – Switzerland Chapter

Philipp Zurkinden briefly highlights the role of the Competition Commission and the key cases that gave rise to discussions in the previous year.

Paper: Handbücher für die Anwaltspraxis

Vertretung von Haftpflichtigen und Versicherungen

Overview on issues arising out of the representation of liable parties and insurances in civil and criminal proceedings. The author focuses in particular on questions relating to c...

Autor: Roland Böhi
Paper: Der Schweizer Treuhänder

Employee Participations - Qualification of the Remuneration on the Disposal of Shares

In practice, there is often a problem of a satisfactory distinction between tax-exempt private capital gains and taxable income from taxable employment in case of disposal of emplo...

Paper: Financier Worldwide

Talking Point – Preparing for a Dawn Raid

Bernhard Lauterburg nimmt an einer Diskussionsrunde mit Anwälten von Kirkland & Ellis und PricewaterhouseCoopers Legal über Hausdurchsuchungen teil und fokussiert dabei auf Hausdur...

Paper: SJZ

Swiss Request for Conciliation in Euro-International Relations

The authors discuss a judgement by the London High Court of Justice dated August 6, 2014 and the question, if a Swiss request for conciliation may generate a lis pendens situation ...

Paper: Versicherungen & Broker, Tagungsband

Diener zweier Herren? – Zur Rolle des Versicherungsbrokers

The author discusses the role of the insurance broker in the conclusion and the settlement of insurance contracts, focusing on the question of whose knowledge is attributed to whom...

Paper: The Lawyer

Tax fraud and Big Crime

Christoph Graber und Martin Zaugg besprechen die neusten Änderungen in der Geldwäschereigesetzgebung, welche voraussichtlich am 1. Januar 2016 in Kraft treten werden. Die Autoren g...

Autor: Roland Böhi
Paper: Steuerrevue

Merger Gains and Losses: Accounting and Tax Issues Part 1

In the Steuerrevue, Dr. Roland Böhi explains how merger gains and –losses are managed in cases of an up-stream merger, down-stream merger and a merger of two sister companies. He e...

Autor: Roland Böhi
Paper: Steuerrevue

Merger Gains and Losses: Accounting and Tax Issues Part Two

In the Steuerrevue, Dr. Roland Böhi explains how merger gains and –losses are managed in cases of an up-stream merger, and down-stream merger and a merger of two sister companies. ...

Paper: The Lawyer

Assessing the risks – Pre-trial costs in Switzerland

Uncertainty about the outcome of civil trials frequently deters potential litigants from commencing court proceedings. In the article, the authors discuss the recent Federal Tribun...

Paper: IFLR

Preliminary Judicial Protection

The authors discuss in this article, which was reprinted in IFLR Switzerland Guide 2015 (originally printed in the IFLR – Dispute Resolution Guide 2014), interim relief in recent S...

Autor: Roland Böhi
Paper: Der Schweizer Treuhänder

Updated Review on the Determination of Deemed Equity

The distinction between equity capital and loan capital is still relevant from a tax point of view when choosing external financing. Since 1995, the reclassification from loan- to ...

Paper: Financier Worldwide

The Evolution of Competition / Antitrust Law

Financier Worldwide moderates a discussion on the evolution of competition/antitrust law with renowned competition lawyers from various jurisdictions. Philipp Zurkinden participated...

Autor: Marino Baldi
Paper: AJP/PJA

Die kartellrechtlichen Urteile des Bundesverwaltungsgerichts im Fall “Baubeschläge” – revisionistisch oder nur beiläufig falsch?

Im Gaba-Urteil vom Dezember 2013 entschied das BVGer, dass eine Vertikalabrede mit absolutem Gebietsschutz als ein Sachverhalt, den das Gesetz für vermutungsweise unzulässig erklär...

Autor: Guy Deillon

Transfer of private bank client portfolios

Banks are now facing major challenges. Once the uncertainties related to the US program are resolved, a new wave of restructuring is expected. While large banks may be interested in acquiring new portfolios, it is mainly the small and medium-sized private banks that will have to fundamentally rethink their business model in order to maintain their profitability.

Paper: Medialex

The diversity of opinion and offerings and the Swiss Cartels Act from the perspective of granting broadcasting licenses

According to the Swiss federal Commission for Media, the written press is facing considerable financial difficulty. The Commission fears that the diversity of information is in jeo...

Autor: Urs Feller

Interview mit Stephanie Baumgartner über Best Master Arbeit

Interview mit Frau Stephanie Baumgartner über ihre Master Arbeit mit dem Titel “Organtransplantantion – Zustimmungs- oder Widerspruchslösung” mit welcher sie den “Best Master” Wett...

Autor: Urs Feller
Paper: Financier Worldwide

Annual Review: Litigation & Alternative Dispute Resolution 2014

Q&A format interview on current market challenges in commercial disputes, effective dispute resolution strategies and ADR options as well as arbitration in Switzerland and practica...

Paper: NZZ

Forgotten popular sovereignty

Also in the policy on Europe intransparency will not lead to success

Paper: Risk & Compliance Magazine

Mini-Roundtable: Competition and Antitrust

Philipp Zurkinden discusses with a group of experts the enforcement of competition law and adresses how companies should react if subject to unexpected searches.

Paper: The Private Competition Enforcement Review

The Private Competition Enforcement Review

The authors highlight the current state of private antitrust litigation in Switzerland and the reasons why it is not widely used. For those who intend to pursue private antitrust c...

Autor: Marino Baldi
Paper: SJZ

Gaba-Urteil des Bundesverwaltungsgerichts als wettbewerbspolitischer Markstein

Mit dem im Dezember 2013 vom Bundesverwaltungsgericht in Sachen Gaba International AG gegen die Wettbewerbskommission ergangenen Entscheid wurde eine langjährige Frage um die behör...

Paper: IFLR

Preliminary judicial protection

The authors discuss in this article, which was published in IFLR – Dispute Resolution Guide 2014, interim relief in recent Swiss jurisprudence in several areas of law (contracts, b...

Paper: NZZ

“Relative market power” – an immature concept

When trying to reform the Federal Act on Cartels, the legislator has so far mainly engaged in overhasty proposals. The request to revitalise the reform process through the concept ...

Paper: Finanz und Wirtschaft

For a new beginning in the antitrust law revision

The parliamentary debate on the reform proposals in antitrust law runs in a polemic manner with little progress on substance. Starting over appears the best solution under the circ...

Autor: Daniel Hayek
Paper: Financier Worldwide

Roundtable Bankruptcy Litigation

Bankruptcy matters come intertwined with complex issues, and the past few years have seen significant developments. Daniel Hayek and other expert panellists from reputable law firm...

Paper: NZZ

Drawing lessons from February, 9th

Findings and outstanding issues after the immigration Referendum.

Autor: Marino Baldi
Paper: AJP/PJA

Kartellgesetzrevision: Vom Widersinn der Teilkartellverbote

Der Vorschlag des Bundesrates sieht vor, zusätzlich zum bestehenden Kartellverbot mit Legalausnahme für eine begrenzte Zahl von Fällen ein inhaltlich gleichwertiges Verbot, allerdi...

Autor: Andreas Moll
Paper: Financier Worldwide

Asset deals: issues in connection with the Swiss Merger Act

The article published in the June 2014 issue of Financier Worldwide Magazine discusses a few issues arising in asset deals under the Swiss Merger Act, in particular the still exist...

Autor: Daniel Hayek , Alexander Flink
Paper: IFLR

Who bears the risk?

Daniel Hayek and Alexander Flink discuss the differences between German and Swiss culpa in contrahendo liability in M&A.

Paper: IFLR

UBS Stabilisation explained

In an interview with International Financial Law Review (IFLR) Urs Bertschinger and Daniel Hayek explain how the November 2013 sale of the Swiss National Bank’s (SNB) StabFund to U...

Autor: Daniel Hayek
Paper: Lawyer Monthly

Insolveny and Restructuring

Daniel Hayek speaks to the magazine recent developments in the Swiss restructuring and insolvency market, advantages and disadvantages of restructuring programmes as opposed to ins...

Autor: Daniel Hayek , Alexander Flink
Paper: IFLR

IFLR Cross-Border Financing Report 2013 – Country Report Switzerland

At-a-glance overview of matters in connection with Switzerland related cross-border financing transactions, such as “10/20 non-banks rule”, guarantee limitations in case of up-strea...

Paper: NZZ

Mehr Rechtsunsicherheit für Arbeitsgemeinschaften

Arbeitsgemeinschaften sind in einigen Wirtschaftssektoren ein wichtiges und sinnvolles Instrument. Die heutige kartellrechtliche Behandlung ist unklar. Die Rechtslage würde zudem m...

Paper: NZZ

Kartellgesetzrevision in der zweiten Runde

Zusammenfassung und Kritik der Hauptreformpunkte der Kartellgesetzrevision.

Autor: Marino Baldi
Paper: AJP/PJA

More Modesty and Honesty in International Investment Law!

Today, International Investment Law is being pushed to its limits. This legal sphere is extensively based on general principles of International Customary Law, along with not alway...

Paper: Directors' and Officers' liability by Zurich

Directors’ and Officers’ liability in Switzerland

An overview on directors’ and officers’ liability in Switzerland and related issues.

Paper: Finanz und Wirtschaft

Zu wenig zielgerichtete Schweizer EU-Politik

EU-Politik der Schweiz war in den letzten Jahren orientierungslos und ist mitverantwortliche für das zunehmend angespannte Verhältnis der Schweiz mit der EU.

Paper: plea

Braucht die Schweiz ein Wettbewerbsgericht?

KG-Revision; institutionelle Reform; keine Notwendigkeit für ein Wettbewerbsgericht.

Autor: Daniel Hayek
Paper: Financier Worldwide

Bankruptcy Roundtable Litigation

Six partners from international law firms answer questions on challenges, legal developments, cross-border issues, financing etc. in the increasingly important area of bankruptcy l...

E-Learning-Programm: Vermeiden Sie Kartellrechtsverstösse!

Unser neues E-Learning-Programm hilft Ihnen dabei, sich stets kartellrechtskonform zu verhalten. Es richtet sich an sämtliche Organe (Verwaltungsräte, Geschäftsführer etc.) und Mit...

Paper: NZZ

Austausch von Informationen mit der EU

Kooperation CH-EU in Wettbewerbssachen; das geplante Abkommen geht weiter als alle die bisher von der EU mit Drittstaaten abgeschlossen wurden und bringt heikle Probleme.

Autor: Marino Baldi
Paper: AJP/PJA

Für eine “informierte” Wettbewerbspolitik – Scheinargumente in zentralen Fragen der laufenden KG-Revision

Die in der Botschaft des Bundesrates vom 22. Februar 2012 vorgebrachten Argumente zur Begründung wichtiger Revisionspunkte halten einer vertieften Prüfung nicht stand; insbesondere...

Paper: IBA Insurance Committee Substantive Project

Direct Third-Party Access to Liability Insurance

Review of the legal situation in Switzerland.

Paper: The European Lawyer Reference

Insurance & Reinsurance

An overview on regulatory and contractual aspects of Swiss insurance and reinsurance law.

Paper: GesKR

Delegation der Geschäftsführung bei der Aktiengesellschaft und Kompetenzen der Generalversammlung

Die Urteilsbesprechung befasst sich mit verschiedenen Aspekten der Delegation der Geschäftsführung. Dabei kommt unter anderem auch der Gestaltungsspielraum bei der statutarischen E...

Kartellgesetzrevision – ein Turmbau zu Bern

Die KG-Revision ist zu einem Stückwerk verkommen, das nicht kohärent ist und Elemente beinhaltet, welche mit der Verfassung und anderen grundlegenden Prinzipien nicht zu vereinba...
Paper: Getting The Deal Through

Getting The Deal Through – Public Procurement: Country Chapter Switzerland

Public Procurement 2012 addresses the most important issues facing private enterprises competing for government contracts. Following the format adopted throughout the series, the s...

Paper: Liber Amicorum Roland Brehm

In Erwartung der Revision… Zum Regress des Haftpftlichtversicherers

Untersuchung von Regressmöglichkeiten des Haftpflichtversicherers.

Paper: Finanz und Wirtschaft

Zu wenig Fantasie in der Europapolitik

Heikle Frage der Gerichtsbarkeit – Eine zweite Auflage des EWR als neue Option? – Souveränität könnte gestärkt werden.

Paper: Newsletter of the International Bar Association, Criminal Law Section News

Money laundering by omission – a landmark decision by the Swiss Federal Tribunal

Review of a decision by the Swiss Federal Tribunal that money laundering according to the Swiss Criminal Code can be committed by omission if the perpetrator is under a special dut...

Paper: The Private Competition Enforcement Review

The Private Competition Enforcement Review – Swiss Chapter

The authors highlight the current state of private antitrust litigation in Switzerland, the reasons why it is not widely used and the government’s reform project in this respect. F...

Paper: Basler Kommentar zum Revisionsrecht

Basler Kommentar Revisionsrecht – Revisionsaufsichtsgesetz, Art. 727-731a OR, Art. 755 OR, Rolf Watter/Urs Bertschinger (Hrsg.), Basel 2011.

Urs Bertschinger hat die Artikel 1 bis 6 des Revisionsaufsichtsgesetzes sowie Art. 755 Obligationenrecht (Revisionshaftung) kommentiert.

Autor: Urs Feller
Paper: The American Lawyer, Focus Europe an ALM Supplement

Administrative Assistance in tax matters – focus on UBS

Q & A on various aspects of the administrative assistance procedure in tax matters, highlighting the situation of UBS-clients and the respective treaty between US and Switzerland.

...
Paper: Expert Guides, Insurance and Reinsurance Lawyers

Validity of conditions precedent confirmed by Supreme Court

The Federal Supreme Court has decided a long time disputed issue.

Paper: Practical Law Company Dispute Resolution Handbook 2011/2012

Dispute Resolution Country Q&A Switzerland

Article on the main principles of dispute resolution in Switzerland (litigation and arbitration) in civil matters under the new Code of Civil Procedure in Q&A Format.

Autor: Andreas Moll
Paper: Robin Indermaur in Insolvency and Restructuring International

Practical implications for directors of a financially impaired company under Swiss law

This article tries to provide a brief overview of the problems which directors of a financially impaired company are facing under Swiss law. After discussing the directors’ duties,...

Paper: Underwriters’ Handbook, 2nd Edition, compiled by Clyde & Co LLP

Overview on selected aspects of Swiss insurance contract law

A quick reference guide to Swiss insurance contract law.

Paper: Finanz und Wirtschaft

KMU im Visier der Wettbewerbsbehörden

Empfindliche Bussen drohen – Heikle Vorgaben von Verbänden – Kooperation mit Untersuchungsbehörden zahlt sich aus.

Ausgleichsanspruch und Ausgleichsordnung – Die Regressregelung von Art. 51 OR

Rules on Claims for Contribution: The Concept of Recourse under Article 51 of the Swiss Code of Obligations.

Paper: HAVE Haftung und Versicherung

Zum Persönlichkeitsschutz bei Personenüberwachungen

Besprechung von BGE 136 III 410 (=Urteil des Bundesgerichts 5A_57/2010 vom 2. Juli 2010) betreffend Persönlichkeitsschutz eines Haftpflichtklägers (und seiner Ehegattin) bei Observa...

Paper: NZZ

Fragen zur Rechtsstaatlichkeit im Wettbewerbsrecht

Die Rolle des Wettbewerbsschutzes in der EU nach Beginn der “Lissabon”-Phase und die Debatte über die Kartellgesetzrevision in der Schweiz.

Autor: Urs Feller , Philippe Nordmann , Maurice Courvoisier
Paper: IBA International Litigation News

Session report: Inside counsel perspectives on management of complex litigation

Report on the panel discussion focusing on the challenges and experiences in connection with complex litigation such as staffing, communication, budgeting, interaction with several...

Autor: Zsuzsanna Kunszt
Paper: IBA International Litigation News

New attachment ground under Swiss law

This article gives an overview of the new statutory attachment ground coming into effect at the beginning of 2011 which allows for creditors to secure assets of their debtor if the...

Paper: InterContinental Finance

International risk, insurance and reinsurance review

Short overview on recent developments in the Swiss insurance market.

Paper: IBA Legal Practice Division Newsletter

Swiss banking and insurance: when a PI policy should not respond

The article provides an overview of (potentially covered) liability claims and (potentially uncovered) claims for fulfilment of the assured’s contractual obligations under PI polic...

Paper: Finanz und Wirtschaft

Die Schweiz, ihre Souveränität und Europa

Verhältnis CH-EU; Rolle der Souveränität im Prozess der Annäherung der Schweiz an die EU.

Paper: IBA International Litigation News

Recent decision by the Federal Tribunal of Switzerland: Place of performance – limiting forum shopping

Assessment of the Federal Tribunal’s recent decision denying a Swiss reinsurer jurisdiction in Switzerland based on a claim of invalidity of contract because of dissent of a materi...

Autor: Bernhard C. Lauterburg , Noah Rubins
Paper: Investment and Commercial Arbitration – Similarities and Divergences (Eleven International Publishing)

Independence, Impartiality and Duty of Disclosure in Investment Arbitration

The authors discuss potential difficulties in applying concepts on arbitrator challenges developed in commercial arbitration to investment treaty arbitration, which unlike commerci...

Paper: The Handbook of Competition Enforcement Agencies

A Global Competition Review special report

Description of the structure and the functioning of the Swiss Competition Authority and of recent developments in Swiss competition law.

Paper: FSKB

Haftpflicht- und vertragsrechtliche Fragen im Zusammenhang mit Normierungen

Darstellung der Bedeutung von Normen, insbesondere in haftpflichtrechtlicher und vertraglicher Hinsicht, mit Illustration anhand der Betonnorm

Zu wenig wirkungsvolle Geldwäschereibekämpfung in der Schweiz

Votum für eine Überprüfung der bisher verfolgten Strategie bei der Geldwäschereibekämpfung.

Autor: Christoph K. Graber , Dominik Oberholzer

Das neue GwG. Geldwäschereigesetz

Kommentar zum Geldwäschereigesetz (3. Auflage).

Autor: Tis Prager

Governance für Familienunternehmen

Leitfaden, herausgegeben von Prager Dreifuss in Zusammenarbeit mit Continuum AG und der Vereinigung der Privaten Aktiengesellschaften (VPAG).

Paper: IBA International Litigation News

Lawsuits by foreigners in Switzerland based on the Lugano Convention

Review of a court decision by the Federal Supreme Court on the topic of jurisdiction in Switzerland for foreign based claimants against Swiss banks based on the Lugano Convention.

...
Autor: Urs Feller
Paper: IBA Litigation Newsletter

The future of international litigation in Europe: proposed amendments to Council Regulation (EC) 44/2001

Report on the conference of the IBA Litigation Committee held in June 2009 in Vienna covering the session regarding the proposed amendments to the Council Regulation (EC) 44/2001 wh...

Autor: Urs Feller
Paper: IBA International Litigation News

International Comparative Review of Subrogation Law – Switzerland

Content: Examination of Swiss insurance law with a view to the recognition of subrogation rights, requirements for their assertion and their extent, duties of the insured and the b...

Autor: Urs Feller
Paper: AJP/PJA

Offenlegung von Management-Transaktionen im europäischen Umfeld

Anwendbare Regeln im Zuge der Marktmissbrauchsrichtlinie zur Bekanntgabe von Transaktionen an der SWX Europe Ltd. durch Führungspersonen.

Paper: Festschrift für Herrn Prof. Roland von Büren

Gestaltung von Bedingungen und Auflagen sowie die Aufsicht über deren Einhaltung im schweizerischen Fusionskontrollverfahren im Vergleich zur EU

Analyse der bisherigen Schweizer Praxis zu Bedingungen und Auflagen im Rahmen der Fusionskontrolle und Originalsprache Vergleich zur EU.

Autor: Urs Feller
Paper: AJP/PJA

Vergleich der Regeln zur Ad-hoc-Publizität für Emittenten, deren Aktien an der SWX und an der SWX Europe gehandelt werden

Urs Feller compares the practice regarding ad-hoc-publication obligations in Switzerland and in the United Kingdom with a view to companies whose shares are also listed on the SWX ...

Paper: Insurance Day

Revamp of Insurance Act gives Swiss much to do

Overview of the new introductions in the revised statute governing insurances, with a special focus on disclosure requirements, consumer rights and procedural measures.

A Visit to the Singapore Supreme Court

Description of the workings of the Singapore Supreme Court, its interaction with lawyers and the public with a special focus on the modern communication means offered to lawyers an...

Bucheffektengesetz und Haager Wertpapier-Übereinkommen: Praktische Auswirkungen

Übersicht über das Custody-Geschäft, den Entwurf des Bucheffektengesetzes und des HWpÜ.

Subject: Capital Markets
Paper: Unternehmen – Transaktionen – Recht, Liber Amicorum für Rolf Watter

Zur Untersuchung von Effektentransaktionen durch die Aufsichtsbehörde – ein Beitrag zum Untersuchungsbeauftragten nach den Finanzmarktaufsichtsgesetzen

Analyse der rechtlichen Stellung, Kompetenzen und Auftragserfüllung des Untersuchungsbeauftragten bei der Untersuchung von Verletzungen von börsenrechtlichen Offenlegungs- und Ange...

Haftung des Motorfahrzeughalters für Versorgerschäden seiner Familienangehörigen

Diskussionsbeitrag zur Haftung für Versorgerschaden; Ablehnung einer Haftungserweiterung, insbesondere auch im Kontext der Motorfahrzeughaftpflicht mit direktem Forderungsrecht geg...

Autor: Philipp E. Zurkinden , Thomas Eichenberger
Paper: SZW

Der Parallelimport von Arzneimitteln in die Schweiz

Parallelimport von Arzneimitteln zwischen Regulierung und Wettbewerb.

Paper: FSKB

Rechtliche Folgen der Betonnorm SN EN 206-1:2000

Übersicht zur Betonnorm: Inhalt, rechtliche Tragweite und Risiken im Zusammenhang mit einer Verletzung der Betonnorm.

Autor: Gion Christian Casanova , Pascal Eckstein

Die beschränkten dinglichen Rechte

Einführung in das Rechtsgebiet der beschränkten dinglichen Rechte.    

Die beschränkten dinglichen Rechte

Subject: Capital Markets
Autor: Urs Bertschinger , Peter Spori
Paper: Festschrift für Peter Böckli

Dreiecksfusionen – einige zivil- und steuerrechtliche Fragen

Übersicht zu den Problemen im Zusammenhang mit Dreiecksfusionen und verwandten Tatbeständen, den Pflichten der beteiligten Gesellschaften, Zulässigkeit besonderer Arten von Dreieck...

Autor: Urs Feller
Paper: NZZ

Neue Bestimmungen im Schweizer Stiftungsrecht

Übersicht über die geplanten Neuerung im Stiftungsrecht und deren Auswirkungen auf den Stiftungsstandort Schweiz und die steuerliche Abzugsfähigkeit von Zuwendungen an gemeinnützig...

Paper: International Reinsurance Review

Reinsurance in Switzerland – The Legal Framework

Overview of the law and customary practices governing reinsurance in Switzerland and the supervisory requirements for carrying on business including an analysis of questions pertai...

Subject: Capital Markets
Paper: AJP/PJA

Vom Anlagefondsrecht zum Recht der kollektiven Kapitalanlage

Analyse der Neuerung im Anlagefondsrecht, der Stellung der Selbstregulierung und der Praxis der Aufsichtsbehörden mit einem Blick auf den Entwurf des neuen Kollektivanlagengesetzes...

Paper: IBA Insurance Committee Substantive Project

Professional Indemnity Insurance after Enron

Review of consequences drawn by insurers in the wake of recent economic developments, premium increases, hightend caution by insurers, more scrutiny in policy terms, risk selection...

Autor: Urs Feller
Paper: Stiftung juristische Weiterbildung Zürich

Licences in the bankruptcy of the licensor

Urs Feller analyzes the nature of licenses and the transferability and realization of licences in the bankruptcy of the licensor.

Autor: Christoph K. Graber , Anton K. Schnyder
Paper: HAVE, Retouchen oder Reformen

Bemerkungen zur VVG-Revision aus europäischer Sicht

Analyse zum historischen Hintergrund der VVG-Revision und zu gleichzeitigen europäischen Vereinheitlichungsbemühungen, deren Auswirkungen auf das Schweizer Recht, mit speziellem Fo...

Paper: Global Competition Review

The reform of the Swiss Cartels Act

Overview of the revised Swiss Cartel Act with a special focus on the newly introduced provisions on direct sanctions and the investigative instrument of “dawn raids”.

Paper: Solutions

Zahlen sprechen gegen die Schweiz als wichtigem internationalen Geldwaschplatz

Interview zur Geldwäschereibekämpfung in der Schweiz.

Paper: SWZ/RSDA

Auswirkungen der KG Revision auf Vertriebssysteme

Ausblick über die möglichen Auswirkungen der verschärften Vorschriften des Kartellgesetzes auf Vertikalabreden in der Schweiz mit Blick auf die in der EU geltenden Bestimmungen.

...
Paper: European State Aid Law

State Aids in Switzerland: The Air Transport Agreement between the EU and Switzerland

Examination of the extent to which EU law on state aid applies in Switzerland after the conclusion of the bilateral agreements, in particular in the field of civil aviation.

Autor: Urs Feller
Paper: AJP/PJA

Summary of Swiss Banking Law

Overview of Swiss banking law, authorities, supervisory requirements, requirements for foreign banks, equity and liquidity rules, accounting and audit standards, sanctions and inve...

Autor: Urs Feller
Paper: AJP/PJA

Innovation im englischen Zivilprozessrecht – anwendbar auch in der Schweiz?

Untersuchung zum zivilprozessualen Instrument der Vertragsofferte der neuen englischen Civil Procedure Rules und zur Frage deren Übertragung ins schweizerische Zivilprozessrecht.

...
Autor: Christoph K. Graber , Anton K. Schnyder , Hans Bättig
Paper: Handbücher für die Anwaltspraxis

Der Anwalt als Finanzintermediär

Untersuchung über die verschiedenen Tätigkeiten des Anwalts und wie weit solche unter den Anwendungsbereichen des Bundesgesetzes über die Bekämpfung der Geldwäscherei fallen.

...

The Swiss Act on Cartels – a successful European Approach?

Description of the revised Swiss Cartel Act and experiences during the first three years after its inception as well as a comparison with the competition law of Europe.

Autor: Urs Feller
Paper: Recht 1998

Zugang zu Netzen und anderen Einrichtungen

Urs Feller analyses a German court decision by the High Court of Düsseldorf in the area of mobile communication and its potential implications for Swiss competetion law (essential ...

Paper: AJP/PJA

Der Vortäter als Geldwäscher

Analyse eines Bundesgerichtsentscheids zu den Fragen der Strafbarkeit des Vortäters mit Bezug auf zu Unrecht erlangte Vermögenswerte und der versuchten Geldwäscherei.

Paper: SWZ/RSDA

Zum Verhältnis der Sorgfaltspflichtvereinbarung der Banken zu Art. 305ter Abs. 1 StGB

Untersuchung des Sorgfaltsbegriffs nach den Standesregeln der Banken und nach Art. 305 Abs. 1 StGB und zum Verhältnis beider Bestimmungen, sowie zu Auswirkungen von VSB-Verfahren a...

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