On 11 September 2019, the Swiss Financial Market Supervisory Authority (FINMA) published a supplement to its ICO guidelines outlining how it treats so-called ‘stable coins’ under Swiss supervisory law. The trigger for such supplement was, as FINMA confirmed, the request from the Geneva-based Libra Association for an assessment of its Libra project under Swiss supervisory […]
Until now, EU Data Protection Laws have only applied to companies with a presence in the EU. The General Data Protection Regulation (GDPR) now deviates from this principle, with the consequence that the new law not only affects companies within the EU but also countries outside of its borders. In certain situations, the GDPR is […]
For the first time, FINMA, the Swiss Financial Market Authorities, has issued banking and securities dealers’ licences to two pure-play blockchain service providers. The companies involved are SEBA Crypto AG registered in Zug and Sygnum AG registered in Zurich, which will offer services for professional as well as institutional customers. As in any case, various […]
As published recently by FINMA, the Swiss Financial Market Authorities, the introduction of the new FinTech licence and a revision of the provisions relating to the sandbox necessitate certain technical changes to supervisory practice. FINMA already published the relevant revised circulars. As already mentioned in a previous newsletter (https://www.irglobal.com/article/swiss-fintech-license-goes-live-2) the Swiss parliament has introduced a […]
The canton of Zug is adjusting its tax law as of 1 January 2020 because the privileged taxation for holding, domicile and mixed companies must be ceased, whereas the parliament of the Canton of Zug approved the partial revision. With this package the Canton of Zug wants to remain an attractive location for companies. The […]
Humans have always been innovative, using ingenuity and acquired knowledge to improve their own lives. Huge leaps forward have been made in the last 100 years as inventions ranging from […]
Read moreQUESTION ONE – What are the most common structures used when international clients want to form a company in your jurisdiction? Any examples? Many internationally operating businesses and their advisors decide to establish a Swiss AG (or GmbH) or a Swiss branch within their group planning structures. As a result, most international companies have a […]
In the internal parliamentary settlement of differences regarding the Federal Act on the Implementation of Recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes of 12.06.2019, the Swiss National Council (one of two Federal Parliament chambers) has moved away from its previous position, known as “grandfathering” (guaranteed existence of existing […]
Here we see Marco G. Walser of Walser & Partner AG visiting Michael A. Dominguez of Gonzalez Olivieri LLC. They met at Michael’s office in Houston, TX. IR Global actively encourage all of our members to meet each other whenever they are travelling. Providing a picture allows us to share the meeting with the rest […]
QUESTION ONE – What is your best practice approach when advising General Counsel, to ensure dispute resolution clauses are to their real advantage and do not obstruct enforcement proceedings? Dispute resolution clauses should be included towards the end of modern commercial contracts. In this field, there is an increasing trend among commercial parties engaged in […]
The #MeToo movement was founded more than a decade ago, as a vehicle against sexual abuse and harassment. Despite its longevity, it really only entered the public consciousness in October […]
Read moreQUESTION ONE – Which techniques are typically used by international counterparties in your experience to overcome challenges in the negotiation process? Counterparts trying to impose their own prepared contract forms is something commonly seen, as is the technique of creating time pressure and attempting to acquire trade secrets or technical know-how without consideration. During the […]
