Suchergebnisse für transaction

Zivilrechtliche Aspekte von Geschäftsabwicklungen auf DLT-Handelsplattformen

Following FINMA’s definition of the framework conditions for the creation of digital assets (tokens) under financial market law, the DLT Act of September 2020 has now also clarified legal issues relating to the transfer of and trading in such assets. Thanks to the newly created normative order, business transactions on DLT trading platforms can be conducted in a largely legally secure manner…

Crowdinvesting mittels Initial Coin Offering – Regulierungsaufgaben im -Token-Universum

Initial coin offerings (ICOs) are a phenomenon with similar characteristics as the cryptocurrency boom. Projects that typically have no history of producing a product or revenue raise capital by issuing their own tokens to investors. Therefore, the Federal Council adopted in December 2018 a report on the legal framework for blockchain and distributed ledger technology (DLT) in the financial…

Relevance of WTO Law for Financial Services Lessons from “Argentina – Financial Services”

In the past debates about financial markets regulations the fact that most countries are Member States of the World Trade Organization (WTO) was often neglected. Through its recent decision “Argentina – Financial Services” the WTO Dispute Settlement Body now shifted the focus to the impact of WTO law on financial services. Even if very concrete findings have not been given, the assessment of the…

Corporate Governance auf der Blockchain

It is within the context of crypto-currencies that Blockchain first gained importance as a new technology. In the meantime, it has been recognized that this technology can also be used in the corporate environment. Such usage would have significant effects on corporate governance within companies (for example, in connection with the transparency of ownership, the handling of voting rights,…

Risikomanagement in Finanzinstitutionen

In financial institutions risk management has increasingly become a central theme because the amount of types of risk have increased. Apart from credit and market risks, systemic and IT risks play a central role. For this reason, the setup of a comprehensive risk management system (both organisational and also connected to specific individuals) is imperative. Given the increased digitalisation of…