Rechtsinformatik

Digitalisierung wettbewerbsrechtlicher Verfahren?

Competition Law proceedings regularly last very long and only limitedly take into account new possibilities for the use of information technology. On the other hand, online procedures have already become more widespread in private dispute resolution and RegTech is being promoted as a new instrument for the exchange of information in the financial market sector. Although it is not possible to…

Crowdinvesting mittels Initial Coin Offering – Regulierungsaufgaben im -Token-Universum

Initial coin offerings (ICOs) are a phenomenon with similar characteristics as the cryptocurrency boom. Projects that typically have no history of producing a product or revenue raise capital by issuing their own tokens to investors. Therefore, the Federal Council adopted in December 2018 a report on the legal framework for blockchain and distributed ledger technology (DLT) in the financial…

Die virtuelle Generalversammlung

On November 23, 2016, the Federal Council published its proposal for a revised law on companies limited by shares. This article deals with the virtual general assembly, one of the key aspects in the pursued modernisation of the general assembly in the context of the proposed revision. First, it addresses the proposed amendments regarding the virtual general assembly. Second, the article analyzes…

Numérisation et registre du commerce

From the point of view of the competent authorities, paperless keeping of the commercial registry has long been a reality. All necessary tools for electronic filing by the users also exist. However, such form of communication remains optional, and experience shows that paper filings remain the norm. In the absence of a statutory obligation, the situation is not likely to change until innovative,…

Die Zukunft des digitalisierten Rechnungswesens

The digitization of economics does not only effect parts on an entity but the entire value chain, notably inclusive of the accounting department. Should we have to expect a revolution in such a way that millions of bookkeepers will be replaced by machines in the near-future? Or do these new technologies have the potential to automate routine tasks while supporting more complex, non-routine…

Digitalisation dans le domaine bancaire et aperçu des risques juridiques

There is today a strong trend towards digitization in the banking sector in line with the constant development of new technologies. Swiss legislation authorizes online bank account opening processes and can be seen as pretty liberal in terms of reception and recording of banking documentation in electronic form. In this context, Swiss banks may be interested to evaluate the feasibility of, and…

Legitimationsprüfung und Risikotransfer bei E-Mail-Zahlungsaufträgen

Fraudulent falsifications of payment orders have been a long-known issue in banking. Pursuant to statutory law banks are obliged to verify the authenticity and integrity of payment orders and, thus, bear the financial risks of undetected falsifications. In practice however, this legal situation is commonly, and permissibly, modi­fied by specific contractual clauses which transfer the financial…

Editorial

Critique, le Professeur Peter V. Kunz met en garde contre la moralisation du droit et son instrumenta­lisation au détriment du principe de neutralité qui devrait caractériser un corpus de règles favorisant l’efficience d’une organisation. Dans sa contribution, il s’interroge sur les buts et fonctions du droit de la société anonyme. Brossant un tableau de l’évolution historique des sources du droit…

Verwendung von Software aus dem Bereich der künstlichen Intelligenz bei der Due Diligence im M&A- und Kapitalmarktbereich

This article is a first review of how artificial intelligence could be used in M&A and capital markets due dili­gence. Today available products have similar fields of application and functionality. They are mainly used in contract review. Their core function is to help to identify clauses of a certain type and to provide first summaries of contracts. They all have the ability to learn and thereby…