Suchergebnisse für instructions générales de l’assemblée générale

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 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…

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…

Montesquieu en droit des sociétés anonymes : le principe de la parité constitue-t-il une distribution des pouvoirs bénéfiques ou plutôt un lit de Procuste ?

The current system of distribution of powers is governed by the “parity principle”, which provides that a defined number of powers are vested exclusively with the board of directors. The board is responsible for the accomplishment of these “inalienable” powers, the shareholders may not give any instructions or guidance to the board in this respect. The principle suffers only very few exceptions…