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Bär & Karrer Successfully Defends International Fintech Company in Swiss Criminal Proceedings

September 2019 - Corporate & Commercial. Legal Developments by BÄR & KARRER LTD..

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Bär & Karrer successfully defended a large, international fintech company and its management in Swiss criminal proceedings which have been initiated due to the misuse of the company's platform by various unknown fraudsters. The proceedings led to the arrest of the company's chairman following an arrest warrant issued by a Swiss prosecutor. The arrest warrant and other coercive measures were held unlawful by the competent cantonal court of appeal following complaints lodged by the chairman of the fintech company. The chairman was awarded indemnity and compensation for costs incurred in connection with the criminal proceedings and the arrest warrant. All criminal proceedings have been closed by the prosecutor in charge.

Bär & Karrer's defense team included Eric Stupp and Gadi Winter (both Fintech, White Collar Criminal Investigations & Proceedings).