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Gesellschaftsrecht

ESG Considerations and Public Benefit Corporations

There appears to be an international demand among investors for for-profit enterprises that commit to a social or environmental purpose and consider environmental, social and governance (ESG) aspects. Inspired by U.S. legislation, EU and other state legislators have enacted statutes with new legal forms of business organizations – so-called benefit corporations – or are considering to do so in…
Dr. iur. Christoph Burckhardt LL.M.
SZW-RSDA 3/2023 | S. 302

Personalvorsorge im Kontext von M&A-Transaktionen

In the context of M&A transactions or restructurings, effects on occupational benefits are not always considered in time. This article examines questions that arise in this context, in particular regarding the change of the employee benefit institution and the possible takeover of an affiliation contract. With a view to the practice of the Federal Supreme Court and the Federal Administrative…

Das Gesellschaftsrecht 2022/2023 | Le droit des sociétés 2022/2023

Im berücksichtigten Zeitraum vom 1. April 2022 bis zum 31. März 2023 wurden wenige Urteile gefällt und nur ein Bruchteil davon wurden veröffentlicht bzw. zur Veröffentlichung vorgesehen. Trotzdem verdienen einige Urteile eine Besprechung. Im ersten kommentierten Entscheid stellte das BGer fest, dass das erleichterte Fusionsverfahren von Art. 23 Abs. 1 lit. b FusG bei indirekten…
Prof. Isabelle Chabloz LL.M., Nicolas A. Aymon MLaw
SZW-RSDA 3/2023 | S. 348

Editorial

Le point commun des articles de ce cahier est qu’ils traitent tous de thèmes au cœur de l’actualité. Il est en effet question de l’impact de la crise du COVID-19 sur les fusions d’entreprise, du fonctionnement du marché de l’approvisionnement en électricité, de la nécessité d’adopter un cadre juridique pour les entreprises à finalité durable, de la modification unilatérale des conditions…
Prof. Dr. iur. Isabelle Chabloz LL.M., Prof. Dr. iur. Isabelle Romy, Prof. Dr. Marc Amstutz
SZW-RSDA 4/2023 | S. 387

Exception de l’entreprise défaillante: une résurgence en temps de crise?

The Failing Company Defence is a merger control law defence which enables the merging parties to avoid the prohibition that would normally apply to their merger by relying on the failure of one of them, i.e. the fact that one of the merging firms would exit the market if the merger was prohibited. Competition authorities generally require the fulfilment of restrictive conditions and hence rarely…

Sustainable Purpose-Driven Enterprises

Social enterprises (in a broad sense), including those launched by social (or sustainable) entrepreneurs (or Sustainable Purpose-Driven Entities) are important players to achieve the Sustainable Development Goals (SDGs). Developing a legal framework that allows them to prosper has been a priority of the European Commission since 2010. These entities have recently been endorsed by the United…
Dr. iur. Giulia Neri-Castracane
SZW-RSDA 4/2023 | S. 416

Wirksame Krisenverhinderung? Das UK Senior Managers Regime und der Archegos-Skandal

The Archegos scandal, which resulted in Credit Suisse incurring losses exceeding CHF 5 billion, stands out as one of the most significant of the many scandals linked to the bank in recent years. It shines a light on financial sector misconduct and underscores the need for stronger individual accountability. Many of the weaknesses in the corporate governance system of the bank which lead up to…

The Normative Effects of ESG Expectations on Companies and their Directors

Most companies face a growing number of environmental, social and governance (ESG) expectations arising not only from their shareholders, but also from a wide array of stakeholders such as clients, investors, States, financial institutions and not-for-profit organisations. Even though a significant number of these expectations are not imposed by hard or soft law, they cannot be disregarded in…
Prof. Henry Peter, Prof. Aurélien Rocher
SZW-RSDA 4/2023 | S. 453

Editorial

Die Revision des Aktienrechts ist auf den 1. Januar 2023 in Kraft getreten. Im vorliegenden Heft werden verschiedene Kernthemen der Revision aufgegriffen, so etwa die statutarischen Schiedsklauseln, das aktienrechtliche Informationskonzept und das Kapitalband. Ferner werden die Neuerungen des Swiss Code of Best Practice for Corporate Governance dargestellt sowie auf Theorie und Praxis des…
Karin Müller, Markus Vischer
SZW-RSDA 5/2023 | S. 513

Schiedsklauseln in den Statuten von Schweizer Aktiengesellschaften und GmbH

The Swiss legislator clarified that the articles of associations of Swiss companies limited by shares and limited liability companies may include arbitration clauses. This note first discusses issues such as arbitrability, validity and scope of statutory arbitration clauses, i.e., issues arising in the context of arbitration clauses and arbitration agreements alike. It then discusses an issue…
PD Dr. iur. Marco Stacher LL.M., lic. iur. Sophie Plüschel-Arnold
SZW-RSDA 5/2023 | S. 515