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.
Our law firm was founded in 1981 in the city of Zug, Switzerland. In the dynamic and demanding environment of the international commercial and financial centre it has continuously developed.
We are an established law firm, however, we are ready to meet the challenge of change. With enthusiasm and dedication we advice renowned domestic and foreign industrial, trading and service companies as well as individuals. We provide legal advice, tax advice, and notarial services, as well as advocacy in litigation and other kinds of legal proceedings. We have built up specialist teams with a thorough understanding of the following areas of law:
EU Growth Prospectus filed
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.
Non-competition clauses in employment agreements
You are welcome to read our article in the magazine Fokus Rechtsguide 2020 on post-contractual non-competition clauses.
Reichlin Hess AG receives a reward for one of the best law firms 2020 in Switzerland for tax and employment law
We are delighted to have been ranked in the top category of law firms in Switzerland for tax and employment law in 2020.
Cantonal Court of Lucerne finds error in calculation of short-time work benefits
In its landmark decision 5V 20 396 (LGVE 2021 III No. 2), the Cantonal Court of Lucerne ruled on the non-inclusion of holiday and public holiday entitlements in the assessment of short-time work (STW) benefits in the summary procedure introduced due to the Covid 19 pandemic for employees on monthly wages.
Cryptocurrencies: Tax values 2020 for Swiss net wealth tax purposes
The Swiss Federal Tax Administration (SFTA) has published the list of exchange rates of foreign currencies and cryptocurrencies as per December 31, 2020. The exchange rates are used to determine the tax values of foreign currencies and cryptocurrencies in CHF which individuals have to declare in their private tax declarations for net wealth tax purposes.
Coronavirus: Measures against bankruptcies will not be extended
At its meeting on October 14, 2020, the Federal Council decided not to extend the temporary measures to prevent corona-related bankruptcies. The measures of the Covid-19 Ordinance on Insolvency Law of April 16, 2020 were limited to six months and continue to apply until October 19, 2020. For legal entities and their responsible persons that are subject to a legal obligation to notify in the event of capital loss and over-indebtedness, this also means a return to the regular legal obligations to notify in the event of capital loss and over-indebtedness.
Debt collection request remains visible even after unsuccessful legal proceedings
With this decision, the Federal Supreme Court clarified the question whether an unsuccessful proceeding for setting aside the objection also justifies the non-disclosure of debt collection to third parties based on Art. 8 para. 3 lit. d of the Swiss Debt Enforcement and Bankruptcy Act. The Federal Supreme Court denies this. Even after an unsuccessful application for the objection to be set aside, the debt enforcement request would still be disclosed to third parties.
If the (alleged) debtor nevertheless wishes to prevent disclosure of the debt collection to third parties, he can and must take action himself and bring an action against the (alleged) creditor for cancellation of the debt collection request or demonstration of non-existence of the claim.