Automatic conversion of bearer shares into registered shares from 1 May 2021

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From 1 May 2021, bearer shares (with just some exceptions) will be automatically converted into registered shares by the Federal Office of Commercial Register unless the companies have already converted on a voluntary basis their bearer shares and thus modified their articles of association by this date. In addition, holders of bearer shares must inform the company about their bearer shares by the end of April 2021 if they have not already done so. After this date, shareholders will have to apply to the court to have their shares registered.

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Posted on 13/04/2021 | 0 Comments

Short-time working compensation scheme: Recent changes and future prospects

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The short-time working compensation scheme has so far been an important response to the negative consequences of the COVID-19 pandemic. The Federal Council has taken various measures to ensure that as many companies and employees as possible benefit from short-time working compensation, for example by extending the scheme to additional categories of employees. The measures have now partly been changed again with a few new rules applying as from 1 April 2021. In this blog, we give an overview of what the current rules are and how these will change in the future (status: 1 April 2021).

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Posted on 12/04/2021 | 0 Comments

Brexit: What you need to know about acquisition of real estate in Switzerland by a UK national

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Real estate transactions in Switzerland by UK nationals are subject to new conditions which are in force as of 1st March 2021 with retroactive effect from 1st January 2021. Knowledge of the legal protection of the acquired rights and particularities of the applicable framework are crucial to plan residential real estate investments.

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Posted on 9/03/2021 | 0 Comments

Future of remote work: How to implement a long term policy

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The COVID-19 pandemic has forced governments to take measures to minimise the spread of the disease and its social and economic impacts.

Home working has been recommended or enforced and employers have had to implement remote working solutions often without the necessary policies already in place. Drastic changes have taken place in work patterns as employees have got used to working fully or partially from home.

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Posted on 8/01/2021 | 0 Comments

Registration of family foundation with the Commercial Register by 31 December 2020

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Background

As of 1 January 2016, all new foundations under private law are required to register in the Commercial Register, including church foundations and family foundations that were previously exempt from this requirement.

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Posted on 2/10/2020 | 0 Comments

COVID-19: Update on Swiss short-time working compensation (valid as of 1 June 2020)

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The Swiss Government has decided in its meeting of 20 May 2020 on a gradual discontinuation from the COVID-19 short-time work compensation scheme.

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Posted on 25/05/2020 | 0 Comments

Deloitte is Swiss Tax Firm of the Year and Swiss Transfer Pricing Firm of the Year for the 8th time

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The International Tax Review in 2020 awarded Deloitte with the titles Swiss Tax Firm of the Year for the 8th time in a row and Swiss Transfer Pricing Firm of the Year for the 8th time in nine years.

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Posted on 22/05/2020 | 0 Comments

COVID-19 Insolvency Ordinance - Easing of filing obligation and moratorium for SMEs

COVID-19 Insolvency Ordinance - Easing of filing obligation and moratorium for SMEs

On 16 April 2020, the Federal Council adopted additional temporary measures in relation to the Swiss insolvency and restructuring regime by enacting the COVID-19 Insolvency Ordinance, which took effect on 20 April 2020 for six months and set the following main objectives:

  • One of the main goals of the COVID-19 Insolvency Ordinance is to relieve pressure on relevant bodies of Swiss entities to request the opening of insolvency proceedings. Relief is targeted at over-indebtedness situations caused by negative impacts of the COVID-19 pandemic on liquidity, earnings and going-concern prospects.
  • Further, the Swiss Federal Council put in place a special COVID-19 moratorium. This moratorium – which replaces the general suspension of debt enforcement proceedings ordered by the Swiss Federal Council earlier in the COVID-19 outbreak, which expired on 19 April 2020 – will facilitate SMEs' simple and pragmatic access to a protective moratorium with less formal requirements.
  • Finally, COVID-19 Insolvency Ordinance provides amendments to the general composition proceedings.

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Posted on 21/04/2020 | 0 Comments

Switzerland: the staggered way out of the lockdown - updated FAQs on how to deal with employment matters in times of COVID-19

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A number of answers on some of the most frequently asked questions in current times.

Updated on 24 April, 2020.

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Posted on 9/04/2020 | 0 Comments

Commodities traders key legal measures to address in connection with the COVID-19

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Key legal measures to think about from a pragmatic point of view to assist commodities traders to face the delicate COVID-19 pandemic period.

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Posted on 3/04/2020 | 0 Comments