COVID-19 Update: loss of earnings insurance and support to innovative start-up
New measures on loss of earnings insurance and bridge loans for start-up While the process of easing the measures against the COVID-19 outbreak becomes clearer, the Swiss Federal Council added new measures to those already presented in our April Newsletter (Newsletter – April 2020.pdf). Loss of earnings insurance On April 22, 2020, the Swiss Federal […]
COVID-19 Update: loss of earnings insurance and insolvency
While the measures against the COVID-19 outbreak will gradually ease as from April 26, 2020, the Swiss Federal Council added new measures to those already presented in our April Newsletter (Newsletter – April 2020.pdf). Loss of earnings insurance On April 16, 2020, the Swiss Federal Council decided to extend the right to receive compensation for loss […]
COVID-19 Update: short-time work and commercial lease
While extending the closure of shops until April 26, 2020, new measures have been added to those measures already presented in our April Newsletter (Newsletter – April 2020.pdf). Short-time working compensation On April 8, 2020, the Swiss Federal Council decided to allow “on call employees” with working hours varying more than 20% in average to […]
Overview of the measures adopted to support business activity due to the COVID-19 outbreak
The measures adopted to restrain the spread of the coronavirus in Switzerland have continuously strengthened since the end of February 2020, leading to a slackening of business activity. All businesses need to adapt to this extraordinary environment and optimize their expenses in the context of a reduced (or the absence of) income. Facing these unexpected […]
Legislative changes in debt collection and bankruptcy law
At its meeting of September 14, 2018, the Federal Council selected January 1, 2019, as the date of entry into force of two important reforms. The first reform relates to the Swiss Debt Enforcement and Bankruptcy Act (DEBA). As from January 1, 2019, the debt collection offices will no longer have the right to provide […]
Information right of board members
On March 20, 2018, The Federal Supreme Court published a court decision (4A_364/2017) that settles a question of law left open until now on the right for a board member to enforce before the courts its information right. Swiss law provides for an information right to any board member of a company limited by shares. […]
Termination rights for mandates are maintained
Under Swiss law, either party to a mandate may terminate the agreement at any time. The terminating party is only required to repair a damage if such a termination takes place at an inappropriate time. The Federal Supreme Court has already ruled long time ago that such a termination right is mandatory and the parties […]
Revision of Swiss company law
On November 23, 2016, the Federal Council submitted to the Parliament a draft bill of law aiming at modernizing Swiss company law. Such revision mainly covers the achievement of flexibility on incorporation and capital rules, the strengthening of shareholders’ rights, the remuneration and gender equality for executives in listed companies and transparency regarding financial flows […]