Dear Clients and Business Partners,
Following protracted parliamentary consultation, both chambers of the Swiss federal parliament have reached a consensus and have adopted the so-called "major" revision of company law. Since the referendum deadline has expired unused, it is up to the Federal Council to determine when the revised law should enter into force.
Overall, the revision on the one hand clarifies existing uncertainties while on the other hand – and above all – it brings about a modernization of Switzerland's company law, many parts of which have remained unchanged since 1991. Among other things, the revised law permits a more flexible handling of capital, creates conditions under which company directors and officers can work more efficiently, and takes account of the technological advances made in the area of digitalization.
The present issue of our Newsletter discusses the key changes, including some background information on their implementation and/or the likely consequences.
Rafael Araujo Messerli | Roman Schlager |
Senior Consultant Legal, Industries | Senior Manager Legal, Industries |
Ernst & Young AG | Ernst & Young AG |
Oliver Blum | |
Legal Leader Industries, Switzerland | |
Ernst & Young AG | |