Suchergebnisse für GmbH

Die regulatorische Antwort auf FinTech: Evolution oder Revolution? Eine Verortung aktueller Entwicklungen

While technological improvements have shaped the financial industry and its regulation for decades, FinTech is the buzzword of the hour. Rapidly developing digital technologies allow new market entrants to disrupt the traditional intermediary-based provision of financial services (I.). These new businesses – in particular those that operate payment systems or engage in crowdfunding – may clash…

Finanznotlagerecht

The Bill of 2016 for a revision of the Swiss Corporation Law addresses, with new and quite lengthy dispositions, the thorny problem of corporate reorganizations in the event of upcoming financial difficulties. On the one hand, the classical and quite formal equity-related ­approach of European Continental Law to prevent ­«unlawful trading» is maintained, i.e. the Board’s duty to take immediate…

Das Aktienkapital im Entwurf zur Aktienrechtsrevision

On November 23, 2016, the Federal Council published its proposal for a revised law on companies limited by shares. This article deals with the share capital, one of the key aspects of the proposed revision. First, it addresses the specific characteristic of Swiss law, according to which shares have a nominal value. Second, the article analyzes how the procedures of capital changes are regulated in…

Leuchttürme oder Untiefen?

Sometimes, courts must remain silent for many years on important questions, simply for lack of cases, until we find ourselves suddenly confronted with unexpected decisions. This happened with the possibilities corporations had to deal in their by-laws with blockage situa­tions in the shareholder meeting. The Federal Tribunal overturned last year a decades old rule enabling companies to attribute…

Sacheinlage- und Sachübernahmevertrag

The contribution in kind agreement is a contract not specifically classified in the Swiss Code of Obligations (CO). According to the prevailing legal opinion the contribution in kind agreement has to be interpreted in line with contractual instead of company law principles. It is widely recognised that the contribution in kind agreement has a close affiliation with the contract of exchange. Based…

Fusions-, Spaltungs- und Vermögensübertragungsverträge aus Sicht der Gesellschaft und der Gesellschafter

The Federal Act on Merger, Demerger, Transformation and Transfer of Assets (Merger Act) contains the minimal contents of the merger agreement, the demerger agreement and the transfer of assets agreement («the reorganisation agreement»). In addition, the Merger Act regulates which bodies of the involved companies have to give their consent to the reorganisation agreement and in which form to…

Der Aktionärbindungsvertrag: Einfache Gesellschaft oder Innominatvertrag?

The present article shows that shareholders agreements are not as of necessity general partnership agreements. As a rule they are rather innominate contracts for which the same rules apply as for nominate contracts, in particular re the questions of consensus, interpretation and amendments. In this respect the real will of the parties is relevant in the first place and only in the second place…

Der Gründervertrag

Founder contracts are contracts in which the founders agree on founding a corporation and commit themselves to perform activities in view of this purpose. The founder contract may be qualified as a contract sui generis containing elements of social law and contract law. In order to determine the applicable law the following foundation phases have to be distinguished: In the preliminary phase when…

Europareport

Am 18. Mai 2017 hat die Europäische Kommission bekannt gegeben, dass sie gegen Facebook eine Geldbusse in Höhe von EUR 110 Mio. verhängt hat. Die Kommission wirft dem Unternehmen vor, im Zuge der fusionskontrollrechtlichen Prüfung der Übernahme von WhatsApp unrichtige bzw. irreführende Angaben gemacht zu haben.

Die Bilanzierung des Eigenkapitals im Einzelabschluss von Kapitalgesellschaften

This essay shows how the equity capital of a corporation or a limited liability company must be presented in the balance sheet pursuant to the new Swiss accounting law. The structure of the article follows the individual items of the equity capital, whereby a balance sheet prepared in Swiss francs is assumed. It has been concluded that the supposedly comprehensive accounting law provisions…