Update on retrocessions under Swiss law: risk of criminal liability for asset managers failing to report retrocessions to clients
4 décembre 2018
On 14 August 2018, the Swiss Supreme Court ruled that the concealment of retrocessions received by an asset manager may constitute criminal mismanagement pursuant to Art. 158(1) of the Swiss Criminal Code (“SCC”).  This decision is the latest of a series of landmark decisions issued by the Swiss Supreme Court […]
Interesting analysis by the International Bar Association of the Rudolf Elmer decision, featuring comments from a number of leading experts including Alexander Troller. Please read the full article here.
ONLINE PAYMENT SERVICES – EU TECHNICAL STANDARDS ALREADY SET – SWITZERLAND IN REGULATORY LIMBO?
17 septembre 2018
Online payment service providers have increased their market share globally as an increasing number of payments are made utilising services such as PayPal, Alipay, Apple Pay and Samsung Pay. In the European Union, the Payment Services Directive 2 (PSD2) recently opened the payments market to third-party payment service providers offering […]
Investor Claims, Regulatory Enforcement and Criminal Proceedings within the Frame of Initial Coin Offerings
15 août 2018
In 2017, the number of Initial Coin Offerings (ICOs)/token-generating events (TGEs) exploded in Switzerland, surpassing and disrupting traditional venture capital investment. Switzerland, and in particularly its renowned Crypto Valley, has emerged as a global hub for ICOs. Under current Swiss law, there is no specific investor protection around ICOs. ICO […]