Swiss Legal Day - Switzerland as a European Business Hub

Blockchain, Trade / Transport / Logistics, International tax law, Tax submission 17

 

At an event organized jointly by Global Enterprise Switzerland, Okuno & Partners and MME Legal | Tax | Compliance, Mr. Claudio Mazzucchelli, Prof. Dr. Andreas Furrer, Christoph Rechsteiner as well as Attorney Michael Mroczek will give an overview on how Switzerland can serve as a European Business Hub for Japanese companies. Switzerland is an excellent starting point for Japanese companies to establish a business in Europe. Its flexible legal system, attractive taxation and excellent integration into the EU without being part of it, the stable, business-friendly political system and the high level of education are decisive success factors for Switzerland.

The conference will be held in Tokyo on Monday, 4 March 2019 from 14:00 to 18:00 at Okuno & Partners, 7F, Kyobashi TD Building, 1-2-5 Kyobashi, Chuo-ku, Tokyo 104-0031.

We are happy to accept registrations here (PDF, 418 Kb) or with email to barbara.maeder[at]mme.ch.

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From the magazine

Consequences of Brexit

The United Kingdom left the European Union on 31 January 2020. Three years after the decision of the British people to leave the union of states, the orderly EU withdrawal is now final. In a transition period, which for the time being will last until 31 December 2020, negotiations between the EU and the United Kingdom on future contractual agreements are now taking place. This period can be extended for a maximum of two years. Until then, the United Kingdom is treated as an EU member state, and the Agreement on the Free Movement of Persons (AFMP) between Switzerland and the EU will remain in force for the duration of this transition period. Therefore, with respect to the previous residence and immigration regime, the question will arise as to whether and how nationals of both countries can acquire or maintain their rights according to the AFMP.

Portfolio transfer/asset transfer

The ongoing phase of low interest rates and the stricter capitalization requirements of the Swiss Solvency Test (SST) mean that insurers are increasingly combing their portfolios for unprofitable or capital-intensive business and, as a result, are no longer writing the unviable business (run-off). In order to reduce the technical provisions on the books, the active reduction of run-off portfolios is becoming increasingly popular. This can be done by transferring a company, a portfolio or assets. In doing so, the run-off portfolio is finally settled for the transferring insurer. Another possibility is the (retrospective) reinsurance (commutation) of the business, a purely balance sheet-related adjustment of the run-off portfolio. In the following, portfolio transfer and asset transfer will be dealt with in more detail.

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