According to a further decision of the commercial court of the canton of Zurich in the Swissair case, the centralized management of the financing of a group of companies does not constitute a breach of the non-transferable and inalienable financial responsibilities of the board of directors of the controlled company.
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.
AEOI and voluntary self-disclosure – the deadline expires
On January 1, 2017 the legal basis for the introduction of the automatic exchange of information (AEOI) came into force.
Tax Proposal 17: Canton of Zug welcomes the dispatch of the Federal Council
In der Medienmitteilung vom 22. März 2018 nimmt die Finanzdirektion des Kantons Zug Stellung zur Botschaft des Bundesrates zur Steuervorlage 17.
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.
Blockchain: ICO Code of Conduct
On 8 January 2018, the Crypto Valley Association (“CVA”), a Swiss based non-profit organization, published a Code of Conduct for Initial Coin Offerings.
Tax Proposal 17: Federal council determines the cornerstones
At its meeting on 31 January 2018, the Federal Council adopted the cornerstones for the message or dispatch to the draft bill to the Parliament regarding the tax proposal 17 (TP17).
Blockchain: Crypto Valley Zug
At least since 2017, the Canton of Zug has evolved into a crypto valley. As a Zug-based commercial law firm we would like to give you a brief insight into Blockchain and crypto-related applications.
Data protection – Threatening EU law: Swiss companies forced to take action
As of 25 May 2018 the European General Data Protection Regulation will become directly applicable in all EU member states. This regulation will also apply to numerous Swiss companies.