Clawback risks increase for board benefits of privately held Swiss companies

AuthorS

Markus Dörig

Markus Dörig

Jeannette Wibmer

Jeannette Wibmer

Introduction

Clawback risks increase for board benefits of privately held Swiss companies. In two appeals the Federal Supreme Court recently clarified, under Article 678(2) of the Code of Obligations, when exactly board members and their close associates and affiliates must return benefits received from a Swiss company because they are manifestly disproportionate to the value of their related performance and the company’s overall economic situation 

Previous

Next

Kommentar absenden

Deine E-Mail-Adresse wird nicht veröffentlicht. Erforderliche Felder sind mit * markiert.