During its meeting held on 15 January 2020, the Swiss Federal Council took note of the recent developments regarding so-called stable coins. Stable Coins are blockchain-based tokens that are backed with assets in order to minimize fluctuations in value.
Paul Thalmann
Appeal in tender procedure: Another great success for our litigation attorneys
A successful defense of our client against two appeals from different bidders in a tender procedure in the Canton of Berne.
Security Token Offering: FINMA non-action letter for a token marketplace obtained
We are pleased to have assisted in the regulatory clarification of a new security token offering in Switzerland. The token to be sold should grant the owners a participation in the future turnover of the company.
Blockchain: Report of the Swiss Federal Council
On 14 December 2018, the Federal Council presented the report of the "Blockchain / ICO" working group of the Federal Department of Finance to the public. The working group has examined the extent to which legal adjustments are to be made in Switzerland in the area of blockchain technology and distributed ledger technology (DLT).
Initial Coin Offering: FINMA non-action letter for crypto art service firm obtained
With the support of our lawyers a Zug based company engaging in the digitalizing of art obtained a non-action letter from FINMA in connection with an Initial Coin Offering (ICO).
Blockchain Taskforce Publishes Recommendations
The Blockchain Taskforce has released the White Paper with recommendations how to amend the current law to appropriately reflect the new developments in connection with the blockchain technology and Initial Coin Offerings.
Initial Coin Offering: Non-action letter from FINMA for crypto payment service provider obtained
Reichlin Hess AG obtained a non-action letter from FINMA based on the updated practice according to the guidelines published on 16 February 2018 in connection with the planned ICO of a crypto payment service provider.
Robotics and its Effects on the Law
Artificial Intelligence is no longer science fiction. In connection with the new Blockchain-based technologies, the legal world is not only facing major challenges in particular with regard to civil and criminal law, but is also experiencing a wide range of new and thrilling legal instruments to address contemporary business issues.
FINMA publishes Guidelines for Initial Coin Offerings
In new guidelines published on 16 February 2018, the Swiss Financial Market Supervisory Authority sets out how it intends to apply financial market legislation in handling enquiries from ICO organisers.
Utility Token
Reichlin Hess advises on the issuance of a Utility Token from a Swiss regulatory, legal and tax perspective.
Blockchain: Code of Conduct for Initial Coin Offerings
On 8 January 2018, the Crypto Valley Association (“CVA”), a Swiss based non-profit organization, published a Code of Conduct for Initial Coin Offerings.