News & Analysis as of

Switzerland

European Commission Declares Stock Exchanges in Switzerland Equivalent for the Purposes of the Shares Trading Obligation Under...

by Shearman & Sterling LLP on

The European Commission has adopted an Implementing Decision declaring the two Swiss stock exchanges equivalent for the purpose of the shares trading obligation under the Markets in Financial Instruments Regulation. MiFIR...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

China has put the kibosh on micro-lending, a move that has cut short not just the consumer loans themselves but the giant asset-backed securities market—a $37 billion industry in China last year alone. The new curbs have had...more

Guide To Employee Non-Compete Agreements in Europe, Middle East and Africa

Business practices are changing. Markets are becoming more global and employees are on the move around the world. Employees are key assets driving sales, productivity and profit over different markets. It is therefore vital...more

Switzerland: The next frontier for mandatory human rights due diligence?

by Hogan Lovells on

Proposals are being considered to amend the Swiss constitution to require mandatory human rights due diligence for companies based in Switzerland. This post considers the contents of the amendment, its progress and what Swiss...more

Swiss Court affirms parties’ right to waive set-aside of arbitration award

by Dechert LLP on

In a 17 October 2017 decision with significant implications for arbitration agreements between international parties, the Swiss Supreme Court held that the parties had validly waived their right to challenge an international...more

Kyiv Tax Newsletter (Ukrainian) - November 2017 #2

by Dentons on

On 9 October 2017, the Government of Ukraine and the Government of the United Kingdom of Great Britain and Northern Ireland signed the Protocol for introduction of amendments into the Convention between the Government of...more

Kyiv Tax Newsletter - November 2017 #2

by Dentons on

Increased withholding tax rates in the instances of application of the Convention between the Government of Ukraine and the Government of the United Kingdom of Great Britain and Northern Ireland for the Avoidance of Double...more

Alternatives to prosecution in an age of global enforcement - Global alternatives to prosecution when a corporate is facing a...

by White & Case LLP on

Businesses are increasingly becoming global, and so are enforcement actions in response to alleged corporate wrongdoing around the world. The harsh reality is that wherever there is potential corporate criminal wrongdoing,...more

Swissmedic updates requirements concerning the Fast-Track Authorisation Procedure

by Hogan Lovells on

On 1 October 2017, the Swiss Agency for therapeutic products (“Swissmedic”) updated its guidance document concerning the Fast-Track authorisation procedure (“FTP”). The modified guidance document replaced the formerly...more

Employment Law Alert October 2017: International Trade Regulations (Dutch)

by Dentons on

The International Trade Regulations (the “Regulations”) entered into force on 1 July 2017. The Regulations are a continuation of the Knowledge Industry pilot and make it possible to temporarily bring foreign workers to the...more

Employment Law Alert October 2017: International Trade Regulations

by Dentons on

International Trade Regulations - The International Trade Regulations (the “Regulations”) entered into force on 1 July 2017. The Regulations are a continuation of the Knowledge Industry pilot and make it possible to...more

Switzerland Intends to Require Notification of Fibrous Nanomaterials Placed on the Market

by Bergeson & Campbell, P.C. on

On September 29, 2017, Switzerland notified the European Commission (EC) of a draft amendment to the Ordinance on Protection against Dangerous Substances and Preparations. The notification states that the Ordinance on...more

OTA & Travel Distribution Update - Sep. 15th, 2017

by Garvey Schubert Barer on

Our weekly OTA & Distribution Update for the week ending September 15, 2017 is below. The week’s short Update features a heavy dose of OTA stories...more

Swiss-Domiciled Company Denied Treaty Benefits For Treaty Shopping

by Fox Rothschild LLP on

Statutory Background- When a foreign corporation receives dividends from U.S. sources, the income is generally subject to tax at 30%. To avoid double taxation and encourage cross-border investments, the U.S. has entered...more

Cross-border Data Flows: FAQs Released for Swiss-U.S. Privacy Shield

by Reed Smith on

For organisations with data flows between the United States and Switzerland, it is now possible to self-certify into the Swiss-U.S. Privacy Shield Framework. This process became available on 12 April 2017. The Swiss-U.S....more

Swiss National Research Program Will Hold Closure Event in June

by Bergeson & Campbell, P.C. on

On June 2, 2017, the National Research Program “Opportunities and Risks of Nanomaterials” (NRP 64) will hold a closure event, parallel to the Swiss Nano Convention, which will be held June 1-2, 2017. NRP 64 began its...more

Global Privacy & Cybersecurity Update Vol. 13

by Jones Day on

On December 28, 2016, the New York Department of Financial Services ("DFS") released a revised version of a proposed regulation that would require banks, insurance companies, and other financial services institutions...more

Swiss-U.S. Privacy Shield to Replace the U.S. Swiss Safe Harbor Framework

On January 11, 2017, the Swiss Federal Council and the U.S. International Trade Administration (ITA) announced that the Swiss-U.S. Privacy Shield will replace the U.S.-Swiss Safe Harbor Framework to permit U.S. businesses to...more

Swiss join the EU in reaching data transfer accord with the U.S.

by Thompson Coburn LLP on

Last year the U.S. Department of Commerce and the European Commission agreed on a data transfer protocol that provides a mechanism for compliance with data protection requirements when transferring personal data from the EU...more

United States And Switzerland Reach Data Transfer Agreement

by King & Spalding on

On January 11, 2017, the governments of the United States and Switzerland announced that an agreement had been reached over a Privacy Shield Framework (“Privacy Shield”) that sets out how companies may transfer personal data...more

Now, We Have a Privacy Shield with the Swiss Too: eDiscovery Trends

by CloudNine on

This appears to be our week to cover privacy stories on the blog. First, The Sedona Conference® (TSC) released the public comment version of its new Data Privacy Primer (which we covered on Tuesday). Also, last week, U.S....more

Switzerland and the United States Agree Privacy Shield Framework

by Reed Smith on

The governments of Switzerland and the United States finalised the Swiss-U.S. Privacy Shield Framework on 11 January. The Framework is similar in many respects to the EU-U.S. Privacy Shield, and replaces the U.S.-Swiss Safe...more

A Privacy Shield Replaces a Safe Harbor for the Swiss, Too

US companies with employees or clients in Switzerland will be interested to hear that the new Swiss-US Privacy Shield was approved on 11 January. Although Switzerland is not a member of the European Union, its data...more

Swiss-U.S. Privacy Shield Finalized

by Alston & Bird on

On January 11, U.S. and Swiss authorities announced final agreement on the Swiss-U.S. Privacy Shield Framework. The Framework defines standards for handling personal data exported from Switzerland to the U.S. and enables U.S....more

Swiss-U.S. Privacy Shield Framework to Launch April 12

by BakerHostetler on

On January 11, 2017, the U.S. Department of Commerce, the Swiss Federal Council and the Swiss Federal Data Protection and Information Commissioner (FDPIC) issued press releases announcing that an agreement has been reached on...more

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