Gaming law revision Switzerland: Overview on the decisions of the Parliament
The Swiss Parliament deliberated on the new draft of a revised gambling law in two sessions takin place on 1 and 15 March 2017. A short overview on the most important outcome of the discussions which shall be implemented into the new gambling law.
Modernisation of Swiss Copyright Law: Compromise on the issue of combating piracy
The public consultation procedure on the revision of the Copyright Act (CopA) showed that the ideas on approaches to the revision diverged strongly. In autumn 2016, the Federal Department of Justice and Police (FDJP) therefore mandated the copyright working group AGUR12 II to clarify the outstanding issues from the consultation on the revision of the Copyright Act and to propose possible solutions. After five sessions between 28 September 2016 and 2 March 2017 under the direction of the Swiss Federal Institute of Intellectual Property (IPI), the AGUR12 II reached a compromise on various issues.
Swiss Competition Commission confirms a strict approach to the prevention of parallel imports
The Swiss Competition Commission (“ComCo”) recently took actions against both the Australian producer of warning beacons and its exclusive Swiss importer. Thereby, the ComCo has confirmed its approach on the exclusive allocation of territories in supply.
SCAI: New Customizable Arbitration Clause
In response to companies' increasing demand for quicker and more efficient dispute resolution, Swiss Chambers' Arbitration Institution (SCAI) has published a new customizable arbitration clause, which allows companies worldwide to agree in advance on super-expedited arbitration proceedings.
MME, InfoGuard und ePrivacy haben erstes Schweizer Datenschutz-Gütesiegel ePrivacyseal CH verliehen
MME, InfoGuard und ePrivacy haben im Februar 2017 die Secure-Messaging-Plattform PrivaSphere als erstes schweizerisches Unternehmen mit dem Gütesiegel „ePrivacyseal – geprüfter Datenschutz CH“ ausgezeichnet.
Handbuch Schiedsgerichtsbarkeit - Germany - Austria - Switzerland
The "Handbuch Schiedsgerichtsbarkeit" is a standard legal book for German-speaking arbitration practitioners. In this book, all stages of the arbitration procedure are described in a practice-oriented manner; from the appointment of the arbitrators to the challenge of an arbitral award as well as its enforcement.
New ICC Rules of Arbitration and Note: A Quest for Efficiency, Transparency and Lower Costs
The International Chamber of Commerce, once again, revised its very popular Rules of Arbitration ("ICC Rules"). The new ICC Rules entered into force on 1 March 2017, and they shall make arbitration more efficient, more transparent and cheaper.
Gaming revision Switzerland: Parliament deliberates on new draft
On 1 March 2017, the Swiss Parliament deliberated on the new draft of a revised gambling law. In the discussion, two issues were of particular significance and have been hotly disputed: Who will qualify to apply for an online licence? How will foreign operators be detained from the Swiss market? The Parliament has thereby decided to only grant licenses to terrestrial casinos and to block foreign operators through IP-Blocking.
Amendment of the Withholding Tax Notification Procedure
The Federal Council enters into force the amended notification procedure with regard to the withholding tax as of 15. February 2017. Within one year from the date of entry into force, companies are now entitled to demand repayment of interest, which they had to pay because they had reported intra-group dividend payments after expiry of the 30-day period of the Federal Tax Administration (FTA).
Arbitration: Switzerland to update its international arbitration law moderately
The Swiss Federal Council has issued a draft proposal for a revision of Chapter 12 of the Swiss Private International Law Act ("PILA"), the Swiss international arbitration law. The proposed update is a moderate one. It aims at implementing the key elements of the Swiss Federal Supreme Court's jurisprudence developed in the field of international arbitration and improving the user- as well arbitration-friendliness of the Swiss international arbitration law in general.
USR 4.0: Steuern für Unternehmen abschaffen!
Trotz dem Risiko, dass meine eigene Jobsicherheit damit rapide sinkt, fordere ich die Abschaffung der Unternehmenssteuern im Rahmen der Unternehmenssteuerreform 4.0. Ein rigoroser Systemumbau ist volkswirtschaftlich sinnvoller als die ineffiziente Regulierungswut diktiert von undurchsichtigen bürokratischen Organisationen mit bedenklicher demokratischer Legitimation.
The end of the Swiss federal state guarantee for cargo vessels - a trigger for the tonnage tax?
The end of the Swiss federal state guarantee for cargo vessels is a turning point for shipowners in Switzerland. It is not only crucial but also an opportunity for Switzerland to intensively work on a state of the art legal framework to establish Switzerland as a competitive and attractive flag state. A first step in this direction would be the implementation of a tonnage tax But first of all, Swiss ship-owners will have to restructure the financing of their cargo vessels.
Public consultation on FinTech Regulation
The Swiss Federal Council has recently published a public consultation documentation on amendments regarding the Banking Act and Banking Ordinance in the FinTech area. The purpose of the revision is to boost FinTech business models. Accordingly, the proposed amendments to the Banking Act (BankA) and Banking Ordinance (BankO) have the objective of generally regulating FinTech and other firms which provide services outside normal banking business according to their risk potential. The intention is to lower market entry barriers for FinTech companies and to strengthen the competiveness of the Swiss financial centre.
Spotify on Blockchain - How blockchain could transform the media industry
Blockchain technology can validate and register transaction without a need for a central authority. Thus, transactional relationships may be managed in a fully automated, secure and transparent way. At the meeting of the IP board of the ZAV on 30 January 2017, Dr. Andreas Glarner explored how blockchain technology and smart contracts could be used to transform how music and films are being distributed.
Implementation of the constitutional article against mass immigration
In its final vote on December 16, 2016, the Federal Assembly passes the act for the implementation of art. 121a of the Federal Constitution (Cst). The new act provides an indirect control of the immigration that is supposed to be compatible with the existing rules on the free movement of persons so as not to jeopardise Switzerland’s bilateral agreements with the EU.
Data Protection: New Swiss-US Privacy Shield
On 11.01.2017, the Swiss Government took note that a new framework has been established for transferring personal data from Switzerland to companies based in the USA (Swiss-US Privacy Shield). Switzerland will apply the same conditions as the European Union, which set up a comparable system with the USA last summer.
Procedure for cancelling a trademark due to non-use
From 1 January 2017, it will be possible to apply to the Federal Institute for Intellectual Property ("FIIP"), through a simplified procedure, for the cancellation of a trade mark that is not being used commercially and which, due to this fact, is not worth protecting. Until now, this cancellation had to be pronounced by law by a civil tribunal following a long and costly legal procedure.
Gaming Law - International Comparative Legal Guide
MME has contributed the Swiss chapter to the 2017 edition of the ICLG International Comparative Guide on Gaming Law. This guide covers common issues in gambling laws and regulations – including relevant authorities, application for a licence and licence restrictions, revocation of a licence, enforcement and liability, and anticipated reforms – in 27 jurisdictions.
Standardization of the proceedings of the Swiss Federal Institute of Intellectual Property and the new fee regulation
On 2 December 2016, the Federal Consulate adopted amendments to the trademark protection, design and patent decree. The amendments unify the procedures before the Swiss Federal Institute of Intellectual Property (IGE), as far as the applicable laws permit. This simplifies the system. At the same time, the Federal Consulate approved the formally totally revamped IGE regulation on fees. The Regulation contains the fees applicable from 1 January 2017 to the revised trademark protection act.
ADSp 2017: Common General Terms & Conditions for shippers, forwarders and freight carriers
Once again the German shippers, forwarders and freight carriers have agreed on standardized General Terms and Conditions (ADSp 2017). This increases the liability limits and restores some contractual obligations. Swiss companies should examine whether their contracts are covered by ADSp 2017 and whether their insurance covers the correspondingly increased risks.
Schweizerisches Fracht-, Speditions- und Lagerrecht
Im ersten Band der der neuen Schriftenreihe zum schweizerischen Logistik- und Transportrecht präsentiert Prof. Dr. Andraes Furrer eine praxisorientierte, rechtlich fundierte und allgemeinverständliche Einführung in das schweizerische Gütertransportrecht unter Einbezug der verfahrensrechtlichen Aspekte.
Versicherung für Warentransport
Prof. Dr. Andreas Furrer hat in Zusammenarbeit mit Dr. Alexandra Körner und Dr. Christian Benz eine Buch über die Transportversicherung in der Schweiz veröffentlicht. Im Mittelpunkt steht die Warentransportversicherung des Versicherungsvertragsgesetzes (VVG).
Review of Arbitration-Related Case Law
Jonatan Baier published an analysis of the recent case law of the Swiss Federal Supreme Court on international arbitration-related matters rendered between 25 August 2015 and 25 August 2016 in New Developments in International Commercial Arbitration 2016.
Blockchain, Bitcoins, Fintech – Business Models and the Need for Regulation
At the parliamentary session event organized by the parliamentary groups ePower and Parldigi taking place on 13th September 2016, Dr. Andreas Glarner spoke about the status quo and the need for regulatory action concerning the digitization of the financial sector.
Legal IT Due Diligence
Legal Due Diligence in the digital economy - from IT Due Diligence to the Digital Due Diligence
The legal Due Diligence for acquisitions in the digital economy should be based on an in-depth understanding and analysis of the assets, value drivers and risks of digital enterprises. The old-style IT or IP Due Diligence is no longer sufficient. A specific "Digital Due Diligence" is required.
Data Protection Officer: Mandatory for Your Company?
A Data Protection Officer is a position or role within an organisation. The Data Protection Officer oversees the processing of personal and privacy-sensitive information. When the General Data Protection Regulation (GDPR) comes into force in May 2018, many companies will be obliged to have appointed a Data Protection Officer.
Trau, schau, wem!
Aufgrund der vielfältigen Steuerfolgen sollte für grössere und komplexere Crowdfunding-Projekte immer vorab eine detaillierte Einzelfallanalyse durchgeführt werden, damit die genauen Umstände und Besonderheiten einbezogen werden können. Denn wie in allen Lebenslagen gilt: Trau, schau, wem!
Leinen los für die Tonnage Tax! - Instrument für die Ansiedlungspolitik der Kantone
Eine der möglichen Massnahmen, um die Attraktivität und Wettbewerbsfähigkeit der Schweiz zu erhalten und zu festigen, ist die Einführung der sogenannten Tonnage Tax. Darunter versteht man die Besteuerung von Schifffahrtsaktivitäten basierend auf der Netto-Tonnage der Schiffe.
Data Centre Risk Index 2016 – Switzerland top
Switzerland wins bronze medal in Cusham & Wakefields global Data Centre Risk Index 2016 (after Iceland and Norway). Switzerland offers not only a low risk environment, it has further advantages that are often crucial for senior decision making when considering global/EMEA investment and deployment activities.
Women in Tax Leaders
MME cordially congratulates Dr. Mónika Molnár on her award as "Women in Tax Leader" by the recognized publication International Tax Review. The guide honors female tax advisors which have substantial influence on the application and development of tax law in their jurisdictions.
Bitcoin-Transaktionen einfach erklärt
Das eigentlich revolutionäre an Bitcoin (bzw. des BitcoinProtokolls) ist, dass Informationen digital, einmalig und sicher zwischen zwei Personen (Nutzernoder Usern) verschoben und dass diese Transaktion in einem öffentlichen Hauptbuch (der sog. Blockchain) fälschungssicher gebucht werden kann.
SingularDTV raises 7.5 Millions in 15 Minutes
SingularDTV raises in a record time of 15 minutes Ether in the amount of 7.5m USD for its project funding. SingularDTV is a platform which wants to distribute all kind of media content on the blockchain. MME supports the project with all its legal, tax, and compliance needs.
Insolvency of Hanjin
Insolvency of Hanjin: Implications for Swiss freight forwarders and shippers/recipients in Switzerland
The Insolvency of the container shipping company Hanijn freezes cargo on vessels and ports in amount of USD 14 Billions. Swiss companies must timely take the necessary steps to secure their rights in Switzerland an abroad.
European General Data Protection Regulation
First Companies Certified "GDPR-Ready" by ePrivacy
ePrivacy has certified the first companies as "GDPR ready": After an in-depth examination, roq.ad and zeotap have been certified as compliant with the new European General Data Protection Regulation (GDPR) which will become effective by May 2018.
Exchange of information
Do you know your foreign business partner?
Der gegenseitige Informationsaustausch im Bereich Steuern beschäftigt uns zunehmend. Die Diskussionen und Vorbereitungsmassnahmen bei den Unternehmen und den Behörden laufen auf Hochtouren. Dabei wird oft übersehen, dass es eigentlich schon seit Jahren einen sehr spontaner Informationsaustausch - die gegenseitige Amtshilfe - im Bereich Zoll und indirekten Steuern gibt.
Innovationsschutz – Handlungsempfehlungen aus rechtlicher Perspektive
Über 100 Unternehmer und Führungskräfte aus der Schweiz und Deutschland befassten sich anlässlich der 6. Bodensee Leadership Konferenz mit dem Thema Innovationskraft. Die Schweiz und Deutschland gehören zu den innovationsstärksten Volkswirtschaften der Welt.
Lifting of sanctions against Liberia
Welcoming the steady progress made by the Liberian government in rebuilding the country, the United Nations Security Council took the decision, set out in Resolution 2288 (2016) of 25 May 2016, to lift the remaining sanctions against Liberia. On this basis, the Federal Council has decided to repeal the corresponding ordinance with effect from 6 July 2016.
Logistik: «Im Zweifel zahlt man halt»
Wie geschmiert läuft’s oft nur geschmiert. Dies bestätigt in einer Umfrage jedes fünfte global tätige Schweizer Unternehmen. Stark betroffen ist die Logistikbranche, wenn etwa ein ausländischer Zöllner die hohle Hand macht. Teils kalkulieren unter Termindruck stehende Firmen Bussen gleich ein.
New rules for the Swiss financial center
The aftershocks of the financial crisis have caused waves of international regulatory efforts within the financial market law. The Swiss Federal Counsil has signed off the dispatch on a new Swiss financial services Act ("FIDLEG") and a financial institution Act ("FINIG"). The new regulations affect all financial service providers, customer advisors, providers of stock exchange securities and creators of financial instruments. The amendments to be made affact therefore equally banks, insurance companies, independent asset managers and insurance intermediaries.
Brexit – may it affect your IP Rights?
The referendum on whether Britain should exit the European Union has been finalized and the majority vote in the UK was to leave. The terms on which an exit will occur will need to be negotiated between the UK government and the other EU member states - a process with considerable uncertainties, which is likely to last over the next years. This article provides an overview on the potential consequences of the Brexit to IP Rights.
UN Sanction List weakened
The ECtHR ruled that Switzerland breached the European Convention and violated the right to a hearing in civil matters. According to the ECtHR, the European Convention on Human Rights demands a review of those sanctions to ensure that they are compliant with the Convention.
Legal meets Art – Save the date 27. September 2016
Unter der Leitung von Dr. Mónika Molnár wird am Dienstag, 27. September 2016 im Museum Rietberg in Zürich diese spannende Vormittagsveranstaltung inklusive Apéro, welche sich an Sammler, Kunstvermittler, Galleristen, Museen, Künstler, Kunsthändler, Steuer- und Zollberater, Transporteure und Rechtsanwälte richtet, veranstaltet.
Revision of the Ordinance on the Use of the Name “Swiss” for Watches
The Ordinance on the Use of the Name “Swiss” for Watches (the “Swiss Made” Ordinance for Watches) adopted in 1971 regulates the use of the indication of source «Swiss» for watches. The Federal Council approved a partial revision of this ordinance on 17 June 2016 and will put it into force on 1 January 2017. This strengthens the “Swiss Made” designation for watches and watch movements in line with the new «Swissness»-legislation.
Die Unternehmensnachfolge im Erbrecht – Vorschläge de lege ferenda
Der Artikel von Balz Hösly, Leiter des MME-Erbrechtsteams und Nadira Ferhat analysiert die heutige Rechtslage und Rechtsprechung, identifiziert die wichtigsten Stolpersteine und zeigt den Handlungsbedarf für eine Nachfolgeregelung in der jetzt anstehenden Revision des Schweizer Erbrechts.
Digital data as economic good: ownership and possession on digital data
According to article 919 para. 1 Swiss Civil Code, effective control over a thing constitutes possession of it. In order to qualify as holder of effective control, it is required to have actual control over the access to the respective data.
Steuererleichterungen im Rahmen der Regionalpolitik
Der Bundesrat hat die Totalrevision der Verordnung über die Gewährung von Steuererleichterungen im Rahmen der Regionalpolitik verabschiedet. Die wichtigsten Änderungen betreffen die Einführung einer betragsmässigen Obergrenze, die Anpassung der Anwendungsgebiete unter Berücksichtigung der Raumordnungspolitik sowie eine erhöhte Transparenz über die gewährten Steuererleichterungen. Die revidierten Bestimmungen treten am 1. Juli 2016 in Kraft.
Full speed ahead
We grow further by taking-on-board of an experienced and well-rehearsed team. As new legal and tax partners, Dr. Urs Isenegger, Dr. Walter Frei and Peter Kuhn, LL.M., contribute, together with other lawyers, their long-standing professional experience as well as their valuable national and international network.
Artist's resale right
Swiss Federal Council publishes report on artist’s resale right
The Swiss Federal Council was invited to submit a report concerning the so-called artist’s resale right enabling producers to benefit from the resale of their works. The Swiss Federal Council thereupon submitted a report on 11th of May 2016 showing various legal possibilities to this end and also analysed its possible economic impacts.
Tighter sanctions against North Korea
In response to the nuclear and missile testing carried out by North Korea on 6 January and 7 February, the UN Security Council issued Resolution 2270 (2016), thus significantly tightening existing sanctions against North Korea. The resolution covers more extensive restrictions on the trade in goods, financial transactions, maritime and air transport and in the education sector.
Selected adjustments to the Ordinance on measures regarding Iran
On 18 May 2016, the Swiss Federal Council decided punctual amendments on certain aspects of the Ordinance on Measures regarding the Islamic Republic of Iran. This involved adapting the licensing criteria for trade in certain dual-use goods (Art. 3 para 3-3ter Iran-Ordinance).
Crypto Currencies: History, Function, Potential
In his article (in German only), Luzius Meisser explains the history of Crypto Currencies and the principles how they work and what potential the blockchain based technology has. Focusing on Bitcoins, the author aims at providing the unacquainted reader and lawyer with the basic know how to understand the functionality and capability of the distributed ledger technology.
Digital data as economic good: digital data as chattel (movable legal objects)
Based on the dealing with digital data in the economy and in order to distinguish digital data from personal data and intellectual property, the author comes to the conclusion that digital data fulfil the characteristic requirements of chattels and therefore can be the object of property law (res digitalis).
Extraterritorial application of US and UK/EU law - A threat also for Swiss companies?
Swiss export-oriented companies are facing an increase in regulatory challenges. They have to comply with local and target market regulations, but may also face a potential relevancy of US and EU law. This even though the US or EU may not be directly involved in the companies activities.
Revised Corruption Law
On 20.04.2016, the Swiss Federal Council has enacted the revision of the anti-corruption law to become effective on 01.07.2016. Swiss Anti-Corruption regulation has been in place since 2006. One main prerequisite for an investigation was a criminal com-plaint served by a person concerned (such as a competitor).
International Tax Law
Consultation on Tax Administrative Assistance
The Federal Council initiated the consultation on the total revision of the Tax Administrative Assistance Ordinance (TAAO). The revision defines the framework and the procedures required for the spontaneous exchange of information, including advance tax rulings. The consultation will run until 10 August 2016.
International Tax Law
New U.S. Regulations Addressing Inversions
On April 4, 2016, the U.S. Government blasted "inversion" transactions - where a U.S. company is acquired by a smaller, foreign corporation based in a lower-tax jurisdiction - with new temporary and proposed regulations that not only make it even more difficult to invert, but eviscerate the tax benefits of inversions. However, Swiss companies could be affected as well.
Web Shop = e-Commerce
The European Commission has recently updated its Tool for e-Commerce business. Their goal is to assist and guide small and medium size companies in setting up online business. The tool is available only in English and deals with the important topics for online selling.
Customs Training Courses
As per 1 May 2016, the Union Customs Code (UCC) will finally enter into force. Swiss businesses with operations in the EU need to consider and to review their transactions with regard to UCC conformity. Therefore, we offer Swiss companies with cross border activities in Europe tailored Customs Training Courses.
Versicherungs- und Haftpflichtrecht
Entwicklungen im Versicherungs- und Haftpflichtrecht
Am 4. November 2015 hat der Bundesrat die Botschaft zum Finanzdienstleistungsgesetz (FIDLEG) veröffentlicht. Nachfolgend geht es um die Frage, inwieweit Versicherungsunternehmen mit ihren Vermittlern (Agenten) sowie die ungebundenen Versicherungsvermittler dem FIDLEG unterstehen.
Änderung des Zoll-Transitverfahrens in der Schweiz
Der Bundesrat hat am 23. März 2016 den Beschlussentwurf des Gemischten Ausschusses EU-EFTA zur Änderung der Übereinkommens über ein gemeinsames Versandverfahren gutgeheissen. Er tritt am 1. Mai 2016 in Kraft. Aufgrund der definitiven Anwendung des EU Zollkodexes auf den 1. Mai 2016 sind diese Anpassungen notwendig.
Corporate Tax Reform
Corporate Tax Reform in the Canton of Vaud
The cantonal corporate tax reform in Vaud was subject to a voting on March 20, 2016. The reform was approved by over 87% of the voters. It stipulates a significant reduction of the corporate tax rate from currently 22.33% to 13.79% by 2019.
Taxation of Individuals in Switzerland
Individuals are subject to several taxes on federal as well as on cantonal and communal levels, such as income tax, wealth tax, withholding tax, value added tax, inheritance and gift tax, real estate capital gain tax, real estate transfer taxes, property taxes or personal taxes. Please find below a detailed overview of the taxation of individuals in Switzerland.
Bank Client Privacy is not an absolute right
Bank Client Privacy is not an absolute right. Since it is a client’s personal right, it can be waived by him/her at all times. Further, Bank Client Privacy is not intended to shield the client from criminal investigation, whether in Switzerland or abroad. In tax matters, the Bank Client Privacy is de facto abolished.
Swiss Branch for International Head Office
The following brochure includes initial information in connection with the registration and the operation of a branch in Switzerland. The legal and tax framework of a branch defers from the concept of the incorporation of a separate legal entity.
Federal Council decides automatic adoption of sanctions lists of the UN Security Council
On March 4th 2016 the Swiss Federal Council enacted a regulation for the automatic adoption of the UN Security Council sanction lists. Any future changes of the UN sanctions lists will become immediately effective in Switzerland . Previously, such changes were subject to an administrative process to find its way into Swiss law.
EuGH enttäuscht Hoffnung deutscher Grenzgänger
Der EuGH hat am 19. November 2015 auf ein Ersuchen des Finanzgerichts Baden-Württemberg (Rechtssache C-241/14) entschieden, dass die im Doppelbesteuerungsabkommen (DBA) vom 11. August 1971 zwischen der Schweiz und Deutschland getroffenen Regelungen für deutsche Grenzgänger von der Schweiz nach Deutschland mit dem Freizügigkeitsabkommen in Einklang stehen.
Reform of Swiss inheritance law
Reform of Swiss inheritance law
The Swiss Federal Council is reforming the Swiss Inheritance Law. On 4th March 2016, the Government introduced its proposals (bills) to this law which will apply to most people domiciled in Switzerland. The Government’s main point is to increase the “free quota” in estates and, hence, to enhance the disposable range for a testator’s estate planning in a will or a testament. The core of the reform is the reduction of the compulsory shares of close relatives to the legator.
Export controls: Amendments to the Dual-Use List
Pursuant to agreements of all relevant international export control regimes, the Swiss Regulation on Control of Goods (RCG) will now be amended and adjusted editorially and structurally. These amendments are expected to enter into force on 1st of March, 2016.
Kostspielig aber attraktiv
Standortmarketing - Die Greater Zurich Area AG akquiriert internationale Unternehmen und unterstützt sie bei ihrer Ansiedlung im Wirtschaftsraum Zürich. Im November 2015 hat der Kantonsrat von Zürich den Beitrag für die Standortmarketing-Organisation bis zum Jahr 2019 verlängert.
Health-Apps - everything under control?
Mobile Health-Apps offer many advantages. A prerequisite for their long-term success is stregthening consumers' trust in such technology. Providers of Health-Apps must make sure that their product does not violate the legislation on medical devices and fulfills the requirements of the data protection act.
Trading with Iran - Everything possible?
The Swiss Federal Counsel partially lifted the sanctions against Iran. However, in connection with the complete revision of the Iran-Regulation, various measures will stay in force. Moreover, Swiss entities will need to observe US as well as EU trade sanctions still in place.
New Ordinance-FINMA (GwV-FINMA): Necessary Adjustments to the Organizational Guidelines of the Financial Intermediaries
The Ordinance of the Swiss Financial Market Supervisory Authority (FINMA) on the Prevention of Money-Laundering and the Financing of Terrorism has been revised. FINMA set the Ordinance into force on January 1, 2016. Financial intermediaries have to adapt their internal organizational guidelines in order to implement the new due diligence obligations.
New Reporting Obligations for Shareholders of Ltd’s and Company Members of LLC’s
As part of the Federal Act on the Implementation of the Revised Recommendations of the Financial Action Task Force (FATF/GAFI) new reporting obligations for shareholders have been implemented in Swiss Corporate Law as per July, 01 2015. The new transparency obligations for legal entities shall serve the fight against money laundering and ensure fiscal transparency.
Revision of the Swiss Copyright Law: Federal Council released draft
The Federal Council wants to modernize the Swiss copyright law. Among others, more efficient measures against internet piracy shall be introduced without criminalizing the user. In addition, the statutory provisions on the latest technological developments are to be adjusted.(Media release Swiss Council dated December 11th 2015).
Cyber Risk Insurance
How to insure cyber risks?
Digital economic espionage, sabotage or data theft over the internet have led to increasingly frequent and large-scale losses. The management of these risks belongs to the core duties of top management. Residual risks that cannot be excluded can be transferred to insurers with the purchase of cyber risk insurance.
German Freight Forwarding Law
Legal uncertainty in the German Freight Forwarding Law
In Germany, the negotiations regarding new general conditions for shippers under the title "ADSp" have failed. As a result thereof, a competition between the general conditions of the shippers (the new ADSp) and those of the carriers (DTLB) is coming up.
Recording of working time – new regulations enter into force on 1 January 2016
The obligation to record working time has been a much-debated topic in Switzerland for some time already. After lengthy discussion between the social partners, the Swiss Federal Council entered an amendment to the Labour Ordinance into force on 1 January 2016 (ArGV 1; SR 822.111).
Protection of Trade Secrets - what to think about and how to do it
Trade secrets lie at the core of a company's competiveness. They are an important asset which must be appropriately protected. In light of the imminent European legislation on trade secrets protection, it may be worth to have a look at the situation in Europe and in Switzerland, and to remind ourselves what trade secrets are and how they can be effectively protected.
Leitfaden für eine steuerliche Inputförderung von Forschung und Entwicklung
Der Bundesrat hat im Rahmen der Unternehmenssteuerreform III neben der Einführung einer Patentbox auch eine aufwandseitige Förderung von Forschung und Entwicklung (F&E) vorgesehen. Vielmehr als die Patentbox stellt diese Massnahme den Verbleib von F&E-Tätigkeiten und der oft damit zusammenhängenden Produktion in der Schweiz sicher.
Iran Sanctions to be partially lifted
Berne, 21 October 2015 - The Federal Council of Switzerland declared that it welcomed the formal adoption of the JCPOA on 18 October 2015 by the E3/EU+3 which is an important step regarding the implementation of the nuclear agreement. The Federal Council announced to ease the current sanctions against Iran and together with the UN and the EU.
Social media and law in the enterprise | Social Media and employment law
The importance of social media in the daily business constantly grows. They offer a vast variety for recruiting, marketing and advertising. It is thereby clear that the use of social media at the working place not only offers new chances but also comes with some risk and difficulties that must be managed.
Europe's highest court just rejected the 'safe harbor' agreement - what is the impact in Switzerland?
The European Court of Justice has just ruled that the transatlantic Safe Harbor agreement, which lets American companies use a single standard for consumer privacy and data storage in both the US and Europe, is invalid. What is the impact on the U.S.-Swiss Safe Harbor Framework? MME gives you guidlines how to be compliant under Swiss law.
Die neue Verantwortung des Verwaltungsrats für sich selbst
In der Schweiz trägt der Verwaltungsrat die in wesentlichen Teilen nicht delegierbare Gesamtverantwortung für das Unternehmen. Dieser Grundsatz ist in den letzten Jahren stark in das Bewusstsein der Aktionäre und der Öffentlichkeit gerückt.
Stolpersteine bei der Formulierung von Rechtsbegehren
Die Rechtsbegehren sind der Dreh- und Angelpunkt des Zivilprozesses. In seiner Präsentation für die Universität St.Gallen (Institut für Rechtswissenschaft und Rechtspraxis) und die Universität Luzern (Center for Conflict Resolution) zeigt Dr. Martin Eckert die Fallstricke aus der Sicht des Praktikers.
Kafi, Gipfeli & Checkliste
IT Security & Data Protection technisch und rechtlich im Griff
In einer zunehmend digitalisierten Wirtschaft ist der sichere Umgang mit Daten eine Grundanforderung an jedes Unternehmen. Aber kennen Sie die Risiken und rechtlichen Vorgaben? Zusammen mit unserem technischen Kooperationspartner InfoGuard decken wir aktuelle Gefahren mit Live-Hacking auf und zeigen anhand eines praxisnahen Beispiels, wie Sie mit unseren "10 Goldenen Regeln" die Vorgaben im Unternehmen effizient umsetzen. Datume: 4. November 2015, 8:00 – 10:00 Uhr Ort: Kreuzstrasse 43, 8008 Zürich
New Swissness Regulation enters into force on 1 January 2017
On 2 September 2015, the Federal Council approved the new "Swissness" legislation which will enter into force 1 January 2017. The new "Swissness" regulations strengthen the protection of the "Made in Switzerland" designation and the Swiss Cross both domestically as well as regarding its enforcement outside Switzerland.
Restricting online sales in distribution agreements
With ecommerce on its march, manufacturers - in particular of luxury products - puzzle about to what extent they may constrain their distributors in promoting online sales. There is little Swiss case law addressing this issue. Time to give some guidance.
Cooperation MME with InfoGuard
MME and InfoGuard will cooperate in the field of data protection and IT-security to offer legally and technically feasible solutions to the digital economy. InfoGuard is the leading and most innovative Swiss company providing comprehensive information security and network solutions.
FINMA publishes its fully revised Anti-Money Laundering Ordinance
The Swiss Financial Market Supervisory Authority FINMA is putting the fully revised FINMA Anti-Money Laundering Ordinance into effect on 1 January 2016. The revision of this ordinance has taken both the revised Anti-Money Laundering Act and internationally adjusted standards into account, as well as insights gained from supervisory practice and recent market developments.
Corporate Tax Reform III
Best Practice for a Swiss R&D Input Tax Incentive
The Federal Council proposes - in addition to a Patent Box - an expense-related R&D&I tax incentive as a measure in the law proposal of the Corporate Tax Reform III (CTR3 / USR3). The feasibility study prepared by MME outlines the best practice for such Swiss R&D Input Tax Incentive.
No VAT on Bitcoin Transfer
Responding to the formal request of some Swiss bitcoin organizations, the Swiss Federal Tax Administration (SFTA) has confirmed to treat Bitcoins the same way as the Swiss Franc or other FIAT, i.e. trading in Bitcoins is neither a delivery nor a service for the purpose of Swiss VAT but rather a mode of payment and as a result VAT-free (cp. art. 21 para. 2 of the Swiss VAT Act).
Exchange of Information
In the jungle of the exchange of information
The Federal Council initated the consultation process on the automatic exchange of information. Hence, there will soon be full transparency in tax matters. Structures should thus be open and arranged upon economic criteria. This does not exclude tax optimization.
Intellectual Property in Switzerland – the Basics
Intellectual property ("IP" or "IPR") protects applications of ideas and information that are of commercial value. Intellectual property rights thus grant to their owner certain exclusive rights to a variety of intangible assets, i.e. musical, literary or artistic works and software; inventions; signs, labels, etc.
Selling in Switzerland – the Basics
The most important channels of selling in Switzerland are local agents or distributors. Foreign companies may also market their products and services through employed sales persons, local branches or local subsidiaries. The different channels are subject to different legal frameworks.
Steuerliche Förderung von F&E in der Schweiz
Im Rahmen der Unternehmenssteuerreform III schlägt der Bundesrat die Einführung einer steuerlichen Förderung von F&E vor - und zwar sowohl eine Input- wie auch eine Outputförderung. Relevante Informationen dazu finden Sie auf unserer Themenseite.
International Tax Law
Voluntary disclosures are "en vogue". The reasons for this trend are inter alia tax fraud proceedings against celebrities and the purchase of CDs containing information of presumed tax evaders in neighboring Germany as well as the so called Swissleak-revelations, which have lead to general public discussions about tax ethics. The article explains the tougher conditions for a voluntary disclosure in Germany applicable since 1 January 2015.
Zukunftsmodell statt Plan B
Die international akzeptierte Inputförderung entpuppt sich für die Unternehmenssteuerreform III als Retterin in der Not. Sie wird längerfristig positive Wirkung zeitigen, da mit dieser Massnahme für die Volkswirtschaft unter dem Strich ein Nettovorteil übrig bleiben wird. Hohe Innovationsneigung führt zu mehr Arbeitsplätzen, höheren Produktionsniveaus und höheren Pro-Kopf-Einkommen.
Corporate Tax Reform III
Federal Government sets Parameters
On 1 April 2015 the Federal Government has informed about the results of the consultation process regarding the Corporate Tax Reform III (‘CTR III’). At the same time the government has given a first indication as to how their submission to the parliament shall look like. The draft bill is going to be submitted to the parliament in June 2015.
Logistik / Transport
Schadensmanagement bei Transportschäden
Bei einem Transportschaden muss schnell reagiert werden: Beweise sichern, Vertrags- und Ansprechpartner und die Versicherung informieren. Zur Sicherung der eigenen Rechtsposition sollte sich jeder Unternehmer bereits im Voraus informieren, welche Massnahmen zu ergreifen sind.
Insurance broker fees
The case law of the Federal Court concerning retrocession fees («finder’s fees»; in German: «Retrozessionen ») has startled many actors in the financial markets. With regard to insurance companies and insurance brokers, the question arises as to whether this case law also applies to the payment of broker fees.
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