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Switzerland

Swiss Parliament Approves the Revision of Swiss Insolvency Rules

On March 16, the Swiss Parliament approved a revision of the Federal Act on Private International Law, modifying the rules on international insolvency. The revision aims at simplifying the recognition of foreign insolvency proceedings in…

16.04.2018

A step forward the revised rules on video and online identification

  On March 28, the consultation period on the amended FINMA Circular 2016/7 has ended. Earlier this year, the Swiss Financial Market Supervisory Authority (FINMA) had amended its Circular 2016/7 that established the requirements for…

10.04.2018

Financial Market Supervisory Authority issues guidance on stay regulations

On March 21, the Swiss Financial Market Authority (FINMA) has issued the FINMA Guidance 1/2018 – “Implementation of the requirement for amending financial contracts”. The document clarifies FINMA’s supervisory practice regarding the implementation of the…

05.04.2018

The Swiss Council of States Publishes Observations on the FIDLEG and FINIG Bills

  On March 13, the Swiss Council of States has published its overview of the Financial Services Act Bill (FIDLEG) and Financial Institutions Act bill (FINIG). The FIDLEG introduces a series of new and more…

18.03.2018

Swiss vote results on Federal Tax

On March 4th, the right of the Federal Government to collect taxes until 2035 had been confirmed by Swiss voters, with an appalling majority. This is a peculiar feature of Switzerland’s political system: as established…

05.03.2018

The end of bearer shares in Switzerland?

  On January 17, the Swiss Federal Council issued a draft bill containing the proposal of converting all companies’ bearer shares into registered shares. A consultation was also opened and it will last until April…

26.02.2018

ICO & Blockchain Working Group Formed.

A blockchain and ICO working group has been formed by the (SIF) State Secretariat for International Financial Matters specifically tasked to overlook the legality and operational framework of ICO and blockchain in regards to their…

25.01.2018

Zug Commercial Registry Office accepts Bitcoin and Ether as means of payment

As of 2 November 2017, fees can be paid at the Zug Commercial Registry Office (Switzerland) with the cryptocurrencies Bitcoin and Ether. Cryptocurrencies are money in the form of digital means of payment. The principles…

06.11.2017