Changing legislation in Switzerland: The new Swiss Federal Data Protection Act and updates on cybersecurity | Walder Wyss Ltd

Legal Briefing

1) 2023: An important year for data protection and cybersecurity in Switzerland Swiss data protection law is primarily set out in the Federal Data Protection Act (FDPA) and the Data Protection Ordinance (FDPO). As Switzerland is a member neither of the EU nor the EEA, the EU General Data Protection Regulation (GDPR) does not apply …

Overview of the exemptions from the new Swiss ESG due diligence and reporting obligations | Bär & Karrer

Legal Briefing

In last year’s winter edition, we highlighted certain aspects of the new ESG rules in Switzerland, which have entered into force in January 2022. The first ESG reports according to the new Swiss rules must be published in 2024, covering the financial year 2023. This also means that the risk assessments and due diligence processes …

Switzerland: increasing exposure of international businesses to criminal enforcement | Baker McKenzie

Legal Briefing

Perception is not everything – general counsel should re-consider the risk exposure to criminal prosecution in Switzerland When it comes to the exposure of international business to criminal enforcement in Switzerland perception is not everything. In the past, Switzerland has not had a reputation as a tough environment. However, in recent years, the Federal Prosecutor …

M&A: Agility is key to support clients in complex transactions | PRAGER DREIFUSS

Legal Briefing

Deals are becoming more complex as companies increasingly use mergers and acquisitions (M&A) to pursue ambitious strategic goals and new stakeholders disrupt the market. Successful M&A lawyers must be able to combine excellent legal knowledge and process management skills with in-depth business awareness to support clients in complex transactions.

New ESG rules in Switzerland: how to mitigate the risk of criminal liability | Bär & Karrer

Legal Briefing

New ESG disclosure and due diligence rules On 1 January 2022, the indirect counterproposal to the so-called Responsible Business Initiative has been introduced in the Swiss Code of Obligations (CO). The new rules in articles 964a ff. CO require that companies of public interest domiciled in Switzerland, such as listed companies and large companies supervised …

Recent changes in the Swiss financial litigation landscape | Bär & Karrer

Legal Briefing

A new piece of regulation: the entry into force of the FinSA and FinIA While the financial regulation landscape, inclusive of compliance, has kept evolving and increasing in the past 20 years, the architectural skeleton of the Swiss regulation landscape in this industry was entirely reviewed with the entry into force of two new bills …