Suchergebnisse für Rechnungslegung

Informationskonzept im neuen Aktienrecht

The information asymmetry between shareholders and managers calls for the implementation of an efficient information concept within stock corporations. In the course of the Swiss Stock Corporation Reform of 2020, the former information concept was partially revised. This article takes a critical look at the revised provisions and puts them in context.

Konzernorganisationsrecht heute

The Swiss law of groups of companies is characterized by a scarcity of statutory rules, judicial pragmatism, and a flexible application of the rules by companies. Unusually, the density of statutory rules in this domain has decreased in recent years. In this article, the author summarizes the current status of the organizational law of groups of companies and takes a closer look at selected…

Das Kapitalband

The revision of the Swiss law on companies limited by shares, which came into force on January 1, 2023, introduced the capital band («Kapitalband»). This new legal institution leads to more flexibility for the companies with regard to equity financing by giving the shareholders the possibility to authorize the board of directors to increase and decrease the share capital without a prior…

Protokollierung von GV- und VR-Beschlüssen als Gültigkeitsform

The «new» corporation law provides for some new and overall numerous ways to conduct shareholders’ and board meetings. Irrespective of the way they are conducted there is a duty to minute the meetings. Contrary to the traditional opinion the minutes are a validity requirement. Not minuted shareholders’ and board resolutions are therefore not valid and null and void.

Aktienrechtsrevision und Handelsregister

The biggest change in registration is probably the move away from registration as an anti-proxy transaction by introducing various proxy options. With the revision of stock corporation law, the documentary evidence principle was retained in principle. Pursuant to Art. 937 of the Swiss Code of Obligations, the Commercial Registry Office must verify, both at the time of incorporation and in the…

Eigentümerstrukturen von Schweizer Aktiengesellschaften

The ownership structure of a corporation is in many respects a crucial determinant from a corporate governance perspective. In finance and business economics, a large variety of theoretical and empirical work has focused on corporate ownership structures and their implications. In the legal field, however, the topic has been rather neglected so far. This article provides an empirical study of…

Editorial

Eppur si muove! – die Aktienrechtsrevision bewegt sich, am 1. Januar 2023 ist es mit dem vollen Inkrafttreten soweit. Dem Schritt in die praktische Anwendung geht bereits vielfältige kritische…

Auskunfts- und Einsichtsrecht des Aktionärs – Durchzogene Bilanz der Aktienrechtsrevision

The revision of the Swiss Code of Obligations (CO) concerning the joint stock corporation – which will come into force on 1 January 2023 – substantially alters the shareholders’ rights to ask for information about the affairs of the company and to inspect its ledgers and files. Compared to the present legal situation, which only entitles a shareholder to obtain information during the course of a…

Marge de fluctuation du capital (art. 653s ss nCO) : de la sauvegarde des créanciers et des actionnaires, en particulier lors de l’acquisition par la SA de ses propres actions

As of the entry into force, on 1^st January 2023, of the revised Swiss Limited Companies Law (« Aktiengesell­schaft », « société anonyme »), the margin of fluctuation of capital (« Kapitalband », « marge de fluctuation du capital ») will allow the general assembly of shareholders to authorise the board of directors to increase or reduce the share capital within a certain interval during a maximum…

Le droit des sociétés 2021/2022 / Das Gesellschaftsrecht 2021/2022

Cette année, le Tribunal fédéral a eu l’occasion de se prononcer sur des questions dont on peut s’étonner qu’elles se posent pour la première fois à lui, compte tenu des discussions qu’elles ont…