Switzerland

Complying with Law 

What are the consequences of the recent legal developments? We discuss the causes and effects current legislation.

«Fat Cat Initiative» and Indirect Counter Proposal

In March 2012 the parliament passed an indirect counter proposal for the popular initiative targeting «fat cat» salaries. The counter proposal mainly focuses on remuneration, proxy and electronic voting means.

Partial Revision of the Collective Investment Schemes Act (CISA)

As a result of the CISA partial revision, the regulations with respect to asset management, safekeeping and distribution of the collective investment schemes should be amended in line with the new international standards.

Whistleblowing

The amount of headlines referring to the information about illegal actions in a company has increased. However, Whistleblowers find themselves in a gray area with regard to the law. Therefore, it is worth taking a glance at the current legislation.
On 1 July 2012, the revised Art. 8 UWG will enter into force. The new law considers general terms and conditions to be unfair, if they are against good faith and result in a material and unjustified disproportion of contractual rights and duties to the detriment of a consumer.

The Federal Council will propose an amendment of the Anti-trust Act to the parliament. The act provides the opportunity that a company can benefit from a penalty reduction in case of an anti-trust compliance program.

The revised standards of the Financial Action Task Force define tax crimes as predicating crimes of money laundering. The well-established system against money laundering and international terrorism runs into the risk of being abused for fiscal interests of foreign states.

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Opportunities & Risks of Legal Changes

In our yearly edited publication "Opportunities & Risks", we highlight the current legal developments and their effects for companies and individuals.

Forum for SME consultants and auditors

At the yearly forum of the academy of the Swiss Institute of Certified Accountants and Tax Consultants, Hans Jürg Steiner and Christoph Perler host the workshop on current tax topics for SMEs.

 

  • 23/24 May 2013, Brunnen, SZ
  • 13/14 August 2013, Brunnen, SZ

 

 Further information and registration