Suchergebnisse für administration%20fiduciaire

Identification des actionnaires, restrictions de transfert et « white listings »

Identification of shareholders is a topic that is governed by various layers of rules under Swiss law, which were adopted at different times to serve different purposes. Most of these rules were adopted at a time when the structure of capital markets was very different from what it is today, and before the digitalization of securities became a topic. Also, growing focus on the fight against money…

Intelligence artificielle: licence libre et gouvernance collective des données à travers l’altruisme des données et les data trusts

Data access is central for the development of Artificial Intelligence (AI). Data may be however subject to a multitude of rights and actors (e.g. copyrighted works or personal data posted on social media or collected through captcha and used for AI training purposes), leading to a fragmented legal framework and legal frictions. This contribution explores how to apply open and free licenses to all…

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.

Le fonds de placement contractuel immobilier et la Lex Koller

This contribution discusses the treatment of Swiss real estate funds under the Lex Koller. It explains that for­eigners (in the meaning of Lex Koller) may acquire fund’s units and/or shares or participation certificates in the capital of the fund management company (up to full holding) without a Lex Koller authorization. The analysis takes into account the consequences of such purchases on future…

Propositions pour un trust suisse

New voices, including in Parliament, are now calling for the adoption of the trust as an institution of Swiss law. This would provide Swiss residents with a much-needed vehicle for estate planning and structuring. It would also improve the legal certainty and robustness of very common business transactions. Notably it would allow lawyers, notaries and other professionals to protect their clients’…

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…

Réflexions critiques sur l’adoption par la Suisse des normes du GAFI en ­matière de transparence des sociétés : du bricolage législatif à l’abolition des actions au porteur ?

As a result of the revised FATF recommendations issued in 2012, Switzerland, under international pressure, had no choice but to enact requirements aiming at creating more transparency with regard to the ownership and control of limited by share companies. In this context, the widespread possibility for Swiss companies to issue bearer shares was particularly at stake. Switzerland inserted these…

La banque exposée aux prétentions de tiers : art. 402 CO et rétention ­d’actifs de clients

The so-called claw-back suits filed by the liquidators of Fairfield Sentry and other feeder funds involved in Bernard Madoff’s bankruptcy have prompted the defendant banks to secure their recourse against their clients by withholding money and other assets in their custody. This article analyses the legal basis for the retention of client assets under Swiss law. It concludes that, except when the…

Das schweizerische Bankprivatrecht 2016 / Le droit bancaire privé suisse 2016

Das Bankprivatrecht regelt diejenigen Rechtsbeziehungen der Bank, die ihre Grundlage im Privatrecht haben, wobei die vertragsrechtlichen Bindungen zwischen der Bank und ihren Kundinnen zum…

Conformité fiscale : obligations et responsabilité du client envers la banque

The responsibility of Swiss banks and other financial intermediaries in respect of their clients’ and client ­assets’ tax status have undergone a paradigmatic change. Banks need to manage their tax and criminal risks ­related to their clients. FATCA, the OECD’s Common Reporting Standard (CRS), and the implementing Swiss legislation impose strict duties on banks (and ­almost none on their clients)…