Suchergebnisse für Risiko

Le dommage d’investissement et sa preuve

Many civil claims against financial advisers and portfolio managers fail because they do not meet the high threshold set out by Swiss courts for the allegation and proof of the claimant’s loss. This article critically reviews the extensive case law on the topic. We submit that unauthorized financial transactions are distinct from other defective transactions. Following long-established case law…

Sanctions Américaines: Extraterritorialité et Risques Bancaires

A Swiss bank operating in the US must comply with applicable US laws. Difficulties may arise from the „off-shore“ application of US sanctions. The US sanctions regime is well known¹, especially through the publications of the Office of Foreign Assets Control (OFAC)² and through the calls for caution issued by the banking supervisory authority³. This contribution provides an update on the…

Le droit bancaire privé suisse 2021 / Das schweizerische Bankprivatrecht 2021

Au moment où nous écrivons ces lignes, la Russie envahit l’Ukraine. L’Union européenne et les États-Unis ont adopté de nouvelles sanctions contre plusieurs centaines de personnalités liées au régime…

Le compliance officer face au risque pénal découlant du dispositif anti-blanchiment

In the financial sector, the function of compliance officer is closely linked to the fight against money laun­dering, which is one of the main risks for the Swiss financial centre. The profession has important responsibilities in this field and breaches of its obligations can lead to (administrative) criminal sanctions, in particular for money laundering or violation of the duty to report a…

Pièges fiscaux du contrat de prêt

This contribution deals with the tax « traps » of the loan agreement. Loans are usually quite simple from a tax standpoint since they are neutral. Yet, the author examines three specific instances where things do not turn out so well. The first of which is the cancellation of ­indebtedness, which may result in taxable income ­(Article 16 par. 1 or Article 18 par. 1 Direct Federal Tax Law)…

Le droit bancaire privé suisse 2019 / Das schweizerische Bankprivatrecht 2019

Cette chronique s’allonge chaque année. Sa consultation en devient moins aisée. Pour faciliter son accès aux lecteurs nous avons introduit trois nouveautés.

L’[in]effectivité du secret professionnel – Peut-on protéger le produit du travail du service juridique dans les procédures?

The protection of the legal department’s work product is closely linked to the professional privilege of in-house counsels. Such a privilege exists in the United States and many European countries but is non-existent, respectively non-effective in Switzerland. After the abandonment in 2010 of a new federal law aimed at regulating the in-house counsels status and inter alia granting them such a…

Le droit bancaire privé suisse 2017 / Das schweizerische Bankprivatrecht 2017

Les services d’investissement (intermédiation sur le marché des capitaux et le marché monétaire) ont une telle importance dans le débat sur la place financière suisse qu’on oublie souvent de rappeler…

Financement intragroupe et Cash Pooling : Quelle évolution ?

Cross-financing between affiliated companies, a subject at the heart of a group’s strategy, is a daily reality that remains largely ignored by current law and jurisprudence. The latest developments in court decisions seem to increase the discrepancy between the economic needs of the group and the legal requirements for protection of capital of each entity. Thus, since the Swisscargo ruling of the…

Le principe d’immédiateté au sein de l’assemblée générale

Traditionally, the general meeting of shareholders was viewed as the ideal place where shareholders take their decisions based on the expression of their contradicting views. Today, the shareholders meeting is no longer a forum where shareholders exchange ideas, but a place where votes are registered and results are communicated. Shareholders take their decisions prior to the general meeting…