Suchergebnisse für nicht kotierte Aktien

Bonus als Risiko – Zur Regulierung der variablen Vergütung von Bankorganen

The experience with the Credit Suisse crisis of confidence has once again shown that compensation systems are of considerable importance for the risk management of financial institutions. Inappropriate risks and wrong incentives can endanger the substance and profitability of a bank and thus its stability. This article focuses on the regulation of variable compensation of bank boards and analyzes…

Börsenrechtliche Meldepflicht nach Art. 120 FinfraG bei kollektiven Kapitalanlagen

Die Gesellschaft A. (Gesuchstellerin, Beschwerdeführerin 1) mit Sitz in den USA und ihre Tochtergesellschaften sind in der Vermögensverwaltung sowie in der Schaffung und im Vertrieb von kollektiven…

Sanierungsausnahme und selektives Opting out/up – ein Vergleich

If a listed company is in financial difficulties and has found a potential restructurer who wishes to acquire a larger shareholding but does not wish to be under an obligation to make an offer to acquire all listed equity securities of the company, under the Swiss takeover law two alternatives stand in the foreground: applying for an exemption from the obligation to make an offer for…

Sicherung von strukturierten Produkten nach Art. 70 Abs. 2 FIDLEG

The Financial Services Act (FinSA) is a cross-sectoral regulation but still contains certain historically grown sector-specific provisions. Pursuant to Art. 70 FinSA, offers of structured products to private clients must fulfill regulatory requirements regarding issuer, offeror and collateralization. Particularly, the collateralization of structured products issued by SPVs pursuant to Art. 70 para…

Kantonalbanken im Spannungsfeld von Political Governance und Corporate Governance

Like the other banks, the cantonal banks are facing the challenges of increasing regulation, digitalisation and the persistently low interest rate environment, and are exposed to the accompanying competitive and margin pressure. They have to virtually reinvent their business models and themselves in order to secure their positions as future-oriented financial service providers in their regions…

Editorial

Die von den Eidgenössischen Räten am 19. Juni 2020 verabschiedete Revision des Aktienrechts tritt auf den 1. Januar 2023 vollständig in Kraft. Im vorliegenden Heft werden verschiedene Kernthemen der…

Digitale Generalversammlungen und Verwaltungsratssitzungen

The 19 June 2020 revision of the provisions on the limited by shares company contains various facilitations for the use of technical means in the conduct of general meetings and board meetings. What are the concrete options available and what are the practical implications of these innovations? What do banks need to consider from a prudential perspective? After an overview of the digitization in…

Die Praxis des Jahres 2021 im Übernahmerecht

Dieser Beitrag bespricht die Praxis der Übernahmekommission (UEK) des Jahres 2021. Die UEK erliess dabei im Rahmen von 14 Verfahren insgesamt 16 Ver­fügungen.

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…

Grüne Finanzprodukte

For environmentally sustainable financial products to be recognized by market participants, sufficient information about their environmental risks and impacts must be available. However, without regulatory measures, there are insufficient incentives for product providers to disclose the relevant information. The market is unable to correct these information deficits itself. The regulatory vacuum…