Suchergebnisse für perte d’une action

Les avantages (statutaires) particuliers de l’art. 628 al. 3 CO : ­une alternative méconnue aux conventions d’actionnaires

Swiss Company Law provides for a «one size fits all» form of limited by shares companies. The underlying idea is that the articles of association can be customized in order to fit the needs of each particular case. On the other hand however flexibility is limited, in particular due to the fact that besides payment of an emission price for their shares, the articles of association cannot put any…

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…

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…

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…

Kernfragen der Aktienrechtsrevision

On November 23, 2016, the Federal Council published its proposal for a revised law on companies limited by shares. This article deals with four key aspects of the proposed revision. First, it addresses the proposed amendments regar­ding the capital structure. The authors thereby focus on the rules for capital increases, decreases and the possibility to introduce a so called «capital band». Secon…

Streaming et linking : la neutralité technologique du droit d’auteur est-elle assurée ?

According to the author of this article, the « technological neutrality » of authors’ rights derives from the principle of equality enshrined in Article 8(1) of the Federal Constitution. Existing legislation is sufficient to secure such neutrality in terms of streaming and hyperlinks. But Swiss courts should refrain from blindly following the case law of the European Court of Justice in…

L’ouverture de la faillite : situation actuelle et mise en perspective

This article presents the opening of Bankruptcy Procee­d­ings under Swiss law and especially the problem of the costs. Bankruptcy Proceedings against legal entities are normally initiated without prior enforcement proceedings. According to 725 II CO, the board of directors has a legal duty to notify the court in the case of overindebtedness. In this case, the payment of an advance is not…

La faillite bancaire : plus vite que la musique ?

The Swiss legislator has mainly been guided by four elements to design the bankruptcy regime for banks: simplification, celerity, flexibility and efficiency. As a result, the legal regime bases itself on ordinary bankruptcy law but introduces specific derogations to speed up the process when a bank is at stake. Focusing on liquidation’s celerity this article addresses two aspects of bank…

Les sanctions en matière d’obligation d’annonce des actionnaires (art. 697m CO)

The Federal Act of 12 December 2014 on the implementation of the revised recommendations 2012 of the ­Financial Action Task Force introduced in the Code of Obligations new provisions on transparency in force since 1^st of July 2015. Since that date, holders or ­purchasers of bearer shares and the beneficial owner of shares are bound by an obligation to report to the ­company (articles 697i and …