The Council of States essentially followed the recommendations of its committee and has once more amended the draft law previously adopted by the Federal Council and amended by the National Council. Our article gives you an overview of the amendments to the former versions.
Changes to the Swiss Code of Obligations (OR) and the Swiss Criminal Code (StGB) came into effect on 1 November 2019. This newsletter will present the key legal changes.
After intensive debates, the National Council has adopted the controversial proposal of the new Federal Data Protection Act with various amendments.
After a legislative process of more than ten years since the financial crisis, the Swiss supervisory regulations on consumer protection will enter into force on 1 January 2020. These rules aim to provide an equivalent legal basis to the respective EU-legislation. In June 2018, the Swiss parliament has adopted the final drafts of the Financial Services Act (FIDLEG) and the Financial Institutions Act (FINIG). In addition, the consultation process of the drafts of the related Financial Services Ordinance (FIDLEV), the Financial Institutions Ordinance (FINIV) and the Supervisory Organisation Ordinance (AOV) has been completed at the beginning of February 2019. Small inconsistencies in these ordinances are planned to be adjusted by the Federal Department of Finance until autumn 2019.
When correctly implemented and used, electronic signatures can bring many benefits to businesses. Our article will give you an overview of the electronic signatures currently available in Switzerland.
At all stages of their growth, FinTechs require expert legal and regulatory advice. EY FinTech lawyers work as part of the multidisciplinary FinTech team across the globe which helps FinTechs navigate and overcome the most pressing legal, commercial, technical, and financial challenges in an industry where change and innovation are key to success. Whether you are just starting out, or are already a major player, they can help you meet your growth objectives and support you in building the future of financial services. Find out how EY professionals may support FinTechs at each stage of their development here.
The increase in marriages between couples of different nationalities as well as growing mobility have led to a rise in the number of cross-border cases involving matrimonial property law.
Regardless of the sector, location or size of the business, our employees are undisputedly one of our most important economic assets and contribute significantly to our success. It is therefore important to create the right incentive systems to ensure that valued employees remain on board on a sustained and long-term basis.
Following a lengthy reconciliation process between the National Council and the Council of States, on 15 June 2018 the Parliament adopted the new law on the statute of limitation. The referendum period continues to run until 4 October 2018. The law was revised, amongst other reasons, due to the fate of persons exposed to asbestos, whose claims had already become time-barred under existing law, long before symptoms of their asbestos-related illness became apparent.
Over the last decades, we have seen an enormous rise in the number and the value of international disputes between professional volleyball clubs and their players. This unpleasant situation did result from the fact that too many clubs did not comply with the financial obligations toward their players. In 2013, FIVB decided that a new regime was necessary and introduced the Financial Dispute Resolution System.
International mobility has become a crucial tax issue, as tax rates substantially differ between different countries and more and more highly paid workers migrate to countries, where the tax burden on high-income individuals is lower. This is especially true for professional athletes.
