In Your Best Interests
Our teams deliver coordinated legal advice to support you in doing business in an international context.
Stay informed
We keep you up to date on all major legal news, nationally and internationally.
Our teams deliver coordinated legal advice to support you in doing business in an international context.
We keep you up to date on all major legal news, nationally and internationally.
The use of artificial intelligence (AI) in the financial market is on the rise, presenting both opportunities and risks. FINMA emphasizes in its new Guidance 8/2024 the need to properly identify, calibrate, and manage these risks. While there are no specific laws on AI in Switzerland, existing regulatory requirements concerning governance and risk management also apply to AI. This is in line with the technology-neutral and principle-based financial market regulation.
More
In November 2023, the Swiss Federal Council adopted amendments to the Ordinance on the Capital Adequacy and Risk Diversification of Banks and Securities Firms (CAO; RS 952.03) that incorporate the final Basel III standards into Swiss law. These reforms will come into force on 1st January 2025 and will bring changes to the mortgage lending sector. In particular, there will be new classes of positions and increased capital requirements, weighted according to the risks presented by the financing transaction, depending on the type of property and its use.
More
A partial revision of the Swiss Code of Civil Procedure (CCP) will come into force on 1 January 2025. The revision will not bring any fundamental changes; rather, the existing CCP will be adapted in certain areas and its practicability improved. Other aims of the revision include easier access to the courts, more efficient coordination of proceedings and strengthening Switzerland as a centre for international legal disputes.
We outline hereinafter the innovations relevant to commercial disputes.
More
Around five years after the entry into force of the Financial Services Act (FinSA) and Financial Services Ordinance (FinSO), FINMA has issued Circular 2025/2 (the Circular), making specific aspects of its regulatory practice public. The provisions aim to increase transparency towards clients in the provision of financial services.
More
From 1 January 2025 the Hague Convention on Choice of Court Agreements of 30 June 2005 (the Hague Choice of Court Convention) will bind Switzerland. Switzerland’s accession will increase certainty and effectiveness of jurisdiction clauses and facilitate recognition and enforcement of judgments given by Contracting States’ courts in international civil or commercial matters. Post BREXIT, Switzerland’s accession ensures the enforcement and recognition of English court’s judgments in Switzerland and vice versa. Given the importance of English courts’ jurisdiction (particularly but not only in international finance transactions) and the trade volumes between Switzerland and the UK, many businesses will benefit.
MoreThis website cannot be displayed correctly because you are using Internet Explorer. For optimal viewing and security, please use Chrome, Firefox or Edge.
