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Proposed Swiss Bank Deposits Protection Law

January 2010 - Finance. Legal Developments by Walder Wyss Ltd.

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In response to the recent crisis in global credit markets and the insolvency of numerous banks worldwide, the Swiss Parliament passed an emergency law in December 2008 to expand protection for Swiss bank depositors. On 14 September 2009 public consultation on permanent legislation has begun. This NewsLetter summarizes and appraises the proposed Federal Law on the Protection of Bank Deposits (the ”Deposits Protection Law”or ”DPL”).

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