El presente artículo también explora el impacto de la protección del derecho a la privacidad y secreto de los inversores/dueños
de la riqueza, en un contexto de presión internacional para implementar el intercambio automático de información
Partial revision of Federal Act on Insurance Contracts. In 2013 the Federal Parliament rejected a bill for a total revision of the Federal Act on Insurance Contracts, with an order to the Federal Council to elaborate a partial revision on selected subjects. The Federal Council drafted an amended bill and recently initiated consultation proceedings on the proposals.
New Federal Court decision on business judgement rule. A recent Swiss Federal Court decision 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.
Defects in company organisation caused by Deadlock. The Federal Supreme Court recently clarified in two appeals how to deal with defects in company organisation caused by deadlock between two equal shareholders, particularly if they are both board members.
Rethinking the Concept of Automatic Exchange of Information with Emerging and Developing Countries based on the Practice of the Swiss Withholding Tax Agreements
Revue Européenne et Internationale de Droit Fiscal (REIDF)
Introduction: Analysis of the Automatic Exchange of Information with Emerging and Developing Countries based on the practice of the Swiss Withholding Tax Agreements
Les difficultés budgétaires auxquelles de nombreux Etats ont été confrontés ces dernières années ont mené à une transformation de la politique fiscale nationale. Il en résulte une tolérance zéro vis-à-vis des contribuables en ce qui concerne les infractions telles que la fraude fiscale ou l’évasion fiscale
Das Abgeltungssteuerabkommen als Alternative zum automatischen Informationsaustausch für Schwellen- und Entwicklungsländer
Der Artikel analysiert die Vor- und Nachteile des Abgeltungssteuerabkommens zum automatischen Informationsaustausch für Schwellen- und Entwicklungsländer
LAWYER MONTHLY LEGAL AWARDS 2016, Insurance & Reinsurance, Law Firm of the Year
Amended rules on insurance supervision. The revised Insurance Supervisory Law has been in effect since January 1 2006. The need for further revision has been revealed through lessons learned from the global economic and financial crisis and the introduction of risk-based solvency measuring methods including:
the Swiss Solvency Test;
the European Insurance and Occupational Pensions Authority’s 2011 equivalence test; and
l the Financial Sector Assessment Programme of the International Monetary Fund’s 2013 analysis.
New anti-money laundering rules affect bearer shares in Swiss companies. In 2012 the Financial Action Task Force (FATF) – an inter-governmental body whose member jurisdictions represent the world’s most important financial centres– issued revised recommendations for the fight against money laundering, terrorism funding and other dangers to international financial market integrity.
Nanotechnology – can insurance play a role in regulation? Nanomaterials are often referred to as the key technology of the 21st century. However, the effects of nanoparticles, especially in the long term, are unknown due to a lack of scientific data. This uncertainty represents a major challenge for both the legislature and the insurance industry if they play a role in regulation.
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