Bearer shares are only permissible if a company is listed on a stock exchange or has structured the bearer shares as intermediated securities. If this is not the case, bearer shares must be converted into registered shares by 30 April 2021 at the latest. The conversion requires notarization by a notary public.
In collaboration with our colleagues in the EU we have filed an EU Growth Prospectus for the public sale of participation certificates by a Swiss Startup in the Crypto Valley.
The Canton of Zug informed in a press release of 3 September 2020 that the payment of taxes with cryptocurrencies will be accepted from February 2021 onwards. The payment will be possible with the cryptocurrencies Bitcoin (BTC) and Ether. Both companies and individuals can benefit from the new payment method.
You are welcome to read our article in the magazine Fokus Rechtsguide 2020 on post-contractual non-competition clauses.
We are delighted to have been ranked in the top category of law firms in Switzerland for tax and employment law in 2020.
Reichlin Hess is also actively contributing to the hotline for Zug SMEs launched by the Lawyers' Association of the Canton of Zug. Our specialists in employment, tenancy and corporate law will be available to Zug SMEs on Friday, April 3, 2020 and Monday, April 6, 2020 via the hotline 0800 525 010.
Reichlin Hess represented a client (employer) in the super provisional execution of a non-competition clause foreseen in an employment agreement. In a partial approval of the request, the employee was prohibited by the competent court from using documents of the former employer and from contacting its customers and suppliers. This result is pleasing for the client, as it allows its legitimate interests of confidentiality to be safeguarded.
Our Swiss legal and tax specialists successfully assisted in a cross-border merger from Switzerland to Austria.
Since January 1, 2020, Simon Fricker is supporting the team of Reichlin Hess. With this appointment Reichlin Hess continues to grow in the areas of employment law and litigation.
We are proud to have supported MachinaWare AG through a successful seed financing round of CHF 1 million. As a promising blockchain startup in the Crypto Valley, MachinaWare AG will now be able to accelerate development and growth for the official launch in 2020.