Blog

ENGLISH SUPREME COURT RULES ON THE PROPER LAW OF THE ARBITRATION AGREEMENT

16 octobre 2020

On 9 October 2020, the English Supreme Court (the “Court”) in Enka Insaat Ve Sanayi AS (“Enka”) v OOO Insurance Company Chubb (“Chubb”)[1] clarified the applicable principles for determining the proper law of an arbitration agreement. The contract in question did not contain a choice of law governing the contract […]

THE VIRTUAL MATRIX: RE-THINKING HEARINGS IN INTERNATIONAL ARBITRATION

31 août 2020

Introduction The received wisdom is that virtual hearings are a subprime alternative to in-person hearings, a secondary option to be used only when classical in-person hearings are not possible or too costly. However, as a result of technological advances, and a change in perceptions based on recent experiences, virtual hearings […]

GOVERNANCE UND KONTROLLE DER CORONA-KREDITE

24 juin 2020

Einführung Am 25. März 2020 erliess der Bundesrat die COVID-19-Solidarbürgschaftsverordnung zur Abfederung der wirtschaftlichen Auswirkungen der Bekämpfung der COVID-19-Pandemie. Bis heute (Stand 22. Juni 2020) wurden unter dieser Verordnung ca. 128’500 Kredite im Umfang von ca. CHF 15 Milliarden gewährt. Medienberichterstattung über Missbräuche und eingeleitete Ermittlungen der Strafverfolgungsbehörden In den […]

WHOLESALE ELECTRICITY TRADING CONTRACTS: CALCULATION OF DAMAGES FROM NON-PERFORMANCE – AN INCREASINGLY RELEVANT ISSUE

14 mai 2020

Electricity, and the business of its wholesale trading, have particular characteristics which set them apart from the trading of other goods. It is for this reason that electricity trading is specifically excluded from the United Nations Convention on Contracts for the International Sale of Goods (see Article 2(f)). Electricity is […]

CORONA, COMPLIANCE AND CONTROL – HOW TO PREVENT THAT TODAY’S COVID-19 CRISIS CAUSES TOMORROW’S COMPLIANCE CRISIS

11 mai 2020

In the pandemic, many undertakings must focus on survival and need to maintain liquidity, which demands ongoing earnings and control of costs. Ongoing earnings are hard to achieve in a global economic downturn. No doubt that the ubiquitous and ever-present legal risks associated with being in the business of doing […]

ORDONNANCE 2 COVID-19 : NOUVELLES MESURES POUR PROTÉGER LA SANTÉ DES TRAVAILLEURS VULNÉRABLES

6 mai 2020

Le 16 avril 2020, le Conseil fédéral a modifié l’Ordonnance 2 sur les mesures destinées à lutter contre le coronavirus (COVID-19) (« Ordonnance 2 COVID-19 ») du 13 mars 2020[1] et adapté la réglementation applicables aux employeurs concernant les employés particulièrement vulnérables. Qui est un employé particulièrement vulnérable ? Un employé particulièrement […]

Impact of Covid-19 on criminal proceedings – Update

29 avril 2020

On 21 March 2020, the Swiss Federal Government promulgated the Ordinance on the suspension of time periods in civil and administrative proceedings to provide for the discharge of justice during the current Covid-19 crisis. On 9 April 2020, the Swiss Federal Government announced that the suspension of time periods in […]

SWITZERLAND: UPDATE ON SWISS GOVERNMENT MEASURES FOR DEBTORS AND CREDITORS IN CASE OF FINANCIAL DISTRESS RESULTING FROM COVID-19

17 avril 2020

The recent outbreak of COVID-19 and the public health measures taken by the Swiss government are causing many businesses to face extraordinary challenges, potentially leading to financial distress. Difficulties may arise for a company either because it has trouble, as a creditor, collecting receivables from distressed debtors and/or because it […]

CONSTRUCTION PROJECTS AND COVID-19: Three practical steps to protect your legal position and minimise future disputes

7 avril 2020

All parties involved in construction projects – contractors, employers, subcontractors, and suppliers – should be mindful that their actions or inaction now could have a significant impact on their legal position once the COVID-19 crisis subsides. Magnanimous expressions of solidarity and understanding by contractual counterparties may be quickly forgotten when […]

MARGIN CALLS – HOW CAN INVESTORS PROTECT THEIR POSITION?

30 mars 2020

Following the recent market shakedown amidst the Covid-19 pandemic, banks have been issuing margin calls to their counterparties. Who is affected? Broadly speaking, two types of investors: The first category are wealthy clients who have been investing in stock markets on a leveraged basis, through so-called Lombard loans, which are […]

Swiss Federal Corona State Aid Programs

30 mars 2020

In March 2020, the Swiss Federal Council has ordered significant restrictions on all individuals and undertakings. For most undertakings, the restrictions have direct (e.g. closing orders) or indirect (e.g. travel restrictions) financial consequences. These restrictions pose existential challenges for many undertakings and self-employed individuals. In order to support the undertakings […]

SWISS STATE-SCHEME FOR EMPLOYER COMPENSATION AS A RESULT OF REDUCED WORK TIME (RWT) AND OTHER RELATED STATE AIDS IN THE TIME OF COVID-19

27 mars 2020

On 16 March 2020, the Swiss federal government introduced stringent measures to protect the population against the spread of COVID-19. Naturally, these protective measures had profound consequences for businesses and their employees, and the Swiss federal government has been quick to respond with several initiatives designed to help businesses survive […]

CORONAVIRUS: UN CAS DE FORCE MAJEURE EN DROIT SUISSE ?

5 mars 2020

Cet article est également disponible en anglais et en allemand. INTRODUCTION Alors que l’épidémie de coronavirus continue de se propager en Europe, les entreprises tentent d’évaluer son impact sur leurs ressources humaines et leurs relations commerciales avec les opérateurs économiques situés dans les régions les plus touchées. L’impact de cette […]

New Iran-Related Sanctions – Their Likely Swiss Side Effects – The Swiss-Iranian Humanitarian Trade Arrangement

6 février 2020

Introduction Following Iran’s military offensive against U.S. bases in Iraq, and pursuant to U.S. President Donald Trump’s Executive Order 13902 “Imposing Sanctions With Respect to Additional Sectors of Iran” (the “Executive Order”) of January 10, 2020, the U.S. Department of the Treasury’s (the “Treasury”) Office of Foreign Assets Control (“OFAC”) […]

Game changer for Swiss trustees: new licensing obligation from 2020

7 janvier 2020

Introduction From 1 January 2020, the Swiss Financial Institutions Act (FinIA) and the Swiss Financial Services Act (FinSA) will become law and introduce a regulatory regime for trustees operating in Switzerland, obliging them to obtain an authorisation to carry out their activities. The new regime should reinforce the general reputation […]