Suchergebnisse für Einhaltung von Vorschriften

Daten-Governance und Cloud Banking im neuen Datenschutzrechtsumfeld

Banking is a data-sensitive business. With the adoption of the new Data Protection Act the data protection level will also be increased in Switzerland, amongst others in the data security context. Banks, often using cloud services for efficiency reasons, will have to adapt their data governance framework in the near future: Data processing and storing must meet the data protection and data…

Die schleichende Erodierung des Bankkundengeheimnisses

This article shows how Swiss banking secrecy, which was primarily intended to protect privacy and was enshrined in law in response to the banking crisis of 1931, has been gradually eroded under increasing international pressure and adapted to international standards. In stark contrast to this, it continues to be valid at home. However, the existing legal obligations to inform and report to the…

Dokumentenherausgabe nach FIDLEG vs. datenschutzrechtliche Auskunftserteilung

The claim for disclosure according to FinSA is supposed to enable the customer to obtain evidence to effectively enforce his or her rights from the contractual relationship with the financial service provider. The right to request information according to FADP is meant to enable the data subject to control his or her personal data and thus to protect and enforce his or her personal rights…

CSR-Berichterstattung Ante Portas: Indirekter Gegenvorschlag zur Konzernverantwortungsinitiative

In a popular vote held in November 2020, the controversially debated «Swiss Responsible Business Initiative» was rejected. As a matter of constitutional procedure, the Parliament’s Counterproposal from 2019 will now automatically come into force. Unlike the Initiative, the Counterproposal refrains from introducing a foreign direct liability of Swiss businesses for infringing human rights or…

Das Finanzmarktaufsichtsrecht vom vierten Quartal 2019 bis ins vierte Quartal 2020

Die FINMA ist verpflichtet, sich an strategischen Zielen zu orientieren.¹ 2021 bricht die nächste dreijährige Strategieperiode an; der Bundesrat hat die Ziele im November 2020 genehmigt.² Aus den strategischen Zielen ergeben sich die Leitlinien für die operative Tätigkeit der FINMA. Erstmals finden sich in einem separaten Dokument zu den einzelnen strategischen Zielen «Schwerpunkte der Umsetzung…

Praktische Problemfelder und Lösungsansätze in Bezug auf die «FinTech»-Bewilligungsvoraussetzungen von Art. 1b BankG

The piece at hand addresses in depth the FinTech license according to art. 1b of the Swiss Banking Act (BA) that is in force since January 1^st 2019. The FinTech license provides for a new category of a regulatory status for FinTech institutions that do not offer typical banking activities, but whose business touches certain elements of banking. It aims to foster innovation in the financial market…

Kartellrechtliche Fragen bei der Gründung eines Joint Ventures

Opening up new markets or pursuing major projects can often only be achieved with partners, which is why companies form joint ventures. When planning and implementing such cooperation projects, economic and contractual considerations are in practice the main focus. However, the influence of antitrust law on this form of cooperation should not be underestimated. The relevance of antitrust law is…

Die Praxis des Jahres 2019 im Übernahmerecht

Im Jahr 2019 erliess die Übernahmekommission (UEK) in 16 Verfahren total 23 Verfügungen. Von diesen Verfahren bezogen sich sechs auf öffentliche Übernahmeangebote. Mit einem Transaktionswert von rund CHF 4,432 Mia. stellte dabei die Übernahme der Schweizer Transport- und Logistikdienstleisterin Pan­alpina Welttransport (Holding) AG durch ihre dänische Konkurrentin DSV A/S das gemessen am…

Good Corporate Governance: Von der Zielsetzung zur Unternehmens­organisation – am Beispiel des neuen Aktienrechts

The authors start out by noting that the term and discussion around corporate governance developed from a technical designation without content to a concept of «good» corporate governance that increasingly prescribes the ways, not the goals of corporate governance. Likewise, the question whether a corporate governance system is good or bad is not measured in light of its efficiency in achieving…

Prüfungsrecht und -pflicht der AG in Bezug auf das Aktieneigentum ihrer Aktionäre, v.a. auch im Zusammenhang mit den neuen Vorschriften des Global Forum-Gesetzes

In the recent past the ownership (title) due diligence in share deals, i.e. the due diligence regarding the seller’s unencumbered ownership in the sold shares, became more and more important in practice, as experience shows that in a high percentage of cases there are se­rious issues in this respect. This leads to the question on the scope of the examination rights and examination obligations of…