Suchergebnisse für devoir de fidélité

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…

Quelle action initiée contre une banque pour des opérations exécutées par un employé de ladite banque sans autorisation du client ?

Un ressortissant turc ouvre un compte auprès d’un établissement bancaire genevois en 2004. Le client ne conclut avec la banque ni mandat de gestion de fortune ni mandat de conseil en placements. La…

La banque et le créancier prêteur face à l’insolvabilité de l’emprunteur : moyens préventifs et curatifs

In a contractual relationship, a bank, or more generally a lender, on the one hand, and a borrower on the other, harmoniously blend, as long as the borrower complies with the repayments’ obligations arising from the loan agreement. However, in such an agreement, risk lies primarily on the lender. Indeed, as soon as the money has been made available, the lender takes the default’s risk. This…

Das Finanzmarktaufsichtsrecht vom vierten Quartal 2021 bis ins vierte Quartal 2022

Ohne Vertrauen keine funktionsfähige Gemeinschaft! Was für Staat und Gesellschaft gilt, gilt auch für Unternehmen und deren Mitarbeitende auf allen Stufen. Das unternehmensinterne Kontrollumfeld trägt diesem Umstand Rechnung, was sich in einer angemessenen Breite und Tiefe der Kontrollen ausdrücken muss, ohne die Mitarbeitenden auf Schritt und Tritt zu überwachen. Die Enttäuschung von…

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 rôle du représentant indépendant des actionnaires en droit suisse de la société anonyme, notamment à l’aune de la législation COVID et des assemblées générales virtuelles du nouveau droit

The independent proxy emerged in Swiss company law a few years ago through the back door of the Minder initiative (Article 95 Federal Constitution). This constitutional provision was then implemented by the Ordinance against Excessive Remuneration in Listed Companies Limited by Shares (ORAb), which has been in force since 1 January 2014. Its institution has been given a new lease of life with the…

Das Finanzmarktaufsichtsrecht vom vierten Quartal 2020 bis ins vierte Quartal 2021

Nachhaltige Finanzanlagen erfreuen sich stark steigender Nachfrage.¹ Wo viel Business ist, ist der Missbrauch oftmals nicht weit. Angesichts der derzeitigen hohen Intransparenz, ob und inwiefern einzelne Finanzanlagen gewisse Nachhaltigkeitskriterien erfüllen, hat der Finanzminister schon öffentlich gewarnt: «Die Gefahr von Greenwashing ist gross.»² Dementsprechend besteht seitens der…

Les nouveaux droits des actionnaires en matière de restitution et d’accès à l’information

The 19 June 2020 revision of the provisions on the limited by shares company seeks to enhance corporate governance with further transparency and additional shareholder protection. The return of undue benefits claim (art. 678 para. 1 nCO) has been modified to offer Swiss companies and their shareholders a better possibility to obtain redress. This revision also addresses the shareholders’ need to…

Corporate Governance et liberté d’organisation

The question of limits to contractual freedom in corporate law is intensively discussed in connection with corporate governance. In that context, the tension between authority and accountability of the board of directors and the best way to address this issue in corporate law are two of the most controversial topics. Over these last years, the trend in almost all jurisdictions has been to…

Les effets des nouvelles règles sur la prescription en droit bancaire et financier

The partial reform of limitation rules in the Code of obligations, effective since 2020, has limited impact on the banking and financial sector. Yet specific matters call for renewed attention. We analyse the consequences of the new 3-year and 10-year limitation rule for claims based on torts and unjust enrichment, specifically in connection with defective transfers of funds, intermediated…

Das schweizerische Bankprivatrecht 2020 | Le droit bancaire privé suisse 2020

Das Jahr 2020 war in vielerlei Hinsicht aussergewöhnlich. Demgegenüber bewegen sich die Entscheide zum privaten Bankrecht, die in diesem Jahr gefällt wurden, zu einem Grossteil im Rahmen des…

Trois modèles de contrôle des investissements transfrontaliers

The screening of foreign investment has become a growing concern for many countries. In the midst of a trade war between the US and China as well as issues related to state-owned companies’ interference in the EU, it is bound to become a subject of heated debates in Switzerland. As we continue to live through a global pandemic, some countries are seeing themselves lacking or at least vulnerable…

La fin des rapports de travail du banquier : concurrence et bonus

The end of the banker’s working relationship is sometimes conflicting. The sticking points generally concern non-competition clauses and the payment of bonuses. The purpose of this article is to set out the rules applicable in this area in a way that both presents the legal principles and promotes practical solutions. In particular, the possibility of imposing a non-competition clause on the…

Les données bancaires pseudonymisées – Du secret bancaire à la protection des données

Law strictly restricts the transfer of personal data and data protected by banking secrecy, especially outside of Switzerland. Personal data is defined as all information relating to an identified or identifiable person. Similarly, legal scholarship and case law hold that banking secrecy protects only client identifying data. The ability to identify the relevant person is thus core to both data…

Le droit à l’information de l’administrateur et sa mise en œuvre judiciaire

This article deals with the right to information and ­inspection of a member of the board of directors (Article 715a of the Swiss Code of Obligations, CO) and the possibility, recently acknowledged by the Federal Tribunal, to raise a claim based on such right. The implementing of Article 715a CO in court gives rise to a number of questions. Often, time is of the essence and a court decision may…

Rétrocessions et gestion déloyale

L’ATF 144 IV 294 rendu en été 2018 par la Cour de droit pénal du Tribunal fédéral sonne probablement le glas d’une rémunération du gérant sous la forme de rétributions et rétrocessions versées par…

Gouvernance des groupes: «E Pluribus Unum»?

The atomistic vision of the legal independence of a company comprised within a group reflects a historical conception. This view is not consistent with the reality of the group, which has become a predominant model structure in the economic sphere. The recognition in case-​law of the group’s interest would allow the economic phenomenon to be taken into account in a positive manner, while…

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…

Das Gesellschaftsrecht 2016/2017 / Le droit des sociétés 2016/2017

Im vergangenen Jahr stachen neben dem Fall Sika vor allem eine Reihe von Urteilen zum Verantwortlichkeitsrecht ins Auge. Diese bestätigen einerseits die klärende neuere Rechtsprechung zur Business…

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…

Le droit bancaire privé suisse 2015 / Das schweizerische Bankprivatrecht 2015

Cette chronique paraît six mois après la précédente (RSDA 2015 386) et figurera désormais chaque année dans le 2^e cahier de notre Revue. On aurait pu espérer que cette livraison-ci s’en…

Corporate Social Responsibility, Sustainable Development et Corporate ­Governance : quelles corrélations ?

Companies are not only members of civil society but are also integral and essential parties to the socio-economic context in which they develop. It is thus legitimate to wonder about their role and “societal” responsibility. The concept of corporate social responsibility is the idea that private companies are supposed to care not only about short-term profit in the interest of their shareholders…

Das Gesellschaftsrecht 2014/Le droit des sociétés 2014

Das hervorstechende Ereignis im Berichtsjahr ist die schnelle und umfassende Konsolidierung der business judgement rule in der bundesgerichtlichen Rechtsprechung zur Organverantwortlichkeit (I.1)…