New Federal Court decision on business judgement rule

AuthorS

Markus Dörig

Markus Dörig

Jeannette Wibmer

Jeannette Wibmer

Introduction

New Federal Court decision on business judgement rule. A recent Swiss Federal Court decision(1) clarified the circumstances under which the personal liability of board members or managers of a Swiss company for their business decisions and omissions can be reduced by applying the so-called ‚business judgement‘ rule or, if the related prerequisites are not met in a particular case, based on other grounds.

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