Bär & Karrer team successfully represents TeliaSonera in a Swiss Federal Supreme Court case
May 2012
In a judgment rendered on 30 April 2012 (4A_763/2011), the Swiss Federal Supreme Court dismissed an application of Çukurova Holding against Sonera Holding (a subsidiary of TeliaSonera, and at the same time Turkcell's biggest shareholder) for judicial review of an ICC award between the parties.
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Bär & Karrer AG
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SWITZERLAND - AN OVERVIEW OF GOVERNANCE REGIME
The basic source of law for Swiss governance rules is the Company Law with its manifold revisions, in particular Articles 620 ss. Swiss Code of Obligations (‘the CO’). In the course of the rather fundamental reform of 1991, corporate governance rules, in particular those relating to the improvement of shareholders’ protection, became law. A new debate was triggered at the beginning of the last decade, in 2000/2001, inter alia as a consequence of the Swissair bankruptcy.- Bär & Karrer
Legal Developments in Switzerland
Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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Minder-Initiative – need for action?
On March 3, 2013, the Swiss people voted in a nationwide ballot in favor of the so called “rip-off” initiative by the businessman-turned-politician Thomas Minder... -
Dividing estates: Auction of a property by heirs or by the State?
Dividing an estate can be - depending on its complexity and on the behavior of the heirs - quite complicated. Swiss Law gives a possibility to heirs and/or executors to call upon the State authorities to assist them in liquidating the deceased person's estate. -
Foreign insolvency administrators in Switzerland: The narrow and rocky path to claim recovery
Foreign insolvency administrators facing the task of recovering assets located in Switzerland typically find themselves in an uncomfortable legal situation since: -
Collaboration between the communities in the Canton of Zurich
Much importance is attached to the collaboration between the different communities in the Canton of Zurich. There is hardly any community today which, because of the number and complexity of their obligations, does not need to find it necessary to collaborate. -
Inheritance contracts under Swiss law: A valuable and binding instrument for international estates
Inheritance contracts are only one possibility among many other matters to be kept in mind when trying to regulate one's own estate. Estate planning is, however, much more than just drawing up a will or setting up a trust or an inheritance contract. Estate planning has to be understood as an overall plan to regulate matters, while keeping in mind the possibility of retirement and the certainty of death with all appropriate consideration to the different areas of law. Following a decision recently published by the Swiss Federal Supreme Court, this article tries to summarize the most important issues regarding inheritance contracts under Swiss law in an international environment. -
Provisional measures in Swiss Patent and other intellectual property Laws
The Swiss Federal Patent Court has recently issued a decision of relevance regarding provisional measures relating to patents. It specifies that, at least in the field of intellectual property – not only patents –, a preliminary injunction may not be obtained in order to ascertain rights on intellectual property. -
News in limitation legal
Am 1. Januar 2013 treten die neuen Verjährungsfristen für die Gewährleistung im Kauf und werkvertragsrecht in Kraft. -
News in stock exchange law
Am 1.1.2013 wird das Börsenrecht verschärft. Die Kontrollprämie bei öffentlichen Übernahmen wird abgeschafft, das Insiderrecht wird ausgedehnt und die FINMA erhält mehr Kompetenzen. ... -
Cash Pooling - Options to optimize financing
Als Cash Pooling wird der Liquiditätsausgleich innerhalb einer Unternehmensgruppe bezeichnet. Durch die koordinierte Verwendung von überschüssiger Liquidität von Gesellschaften innerhalb der Gruppe kann die Beanspruchung von Fremdkapital minimiert werden. Ferner können durch das koordinierte Auftreten gegen aussen, insbesondere infolge des grösseren Volumens, bessere Konditionen (Zinsvorteile) erzielt werden. Weniger Fremdkapital zu besseren Konditionen mit entsprechender Senkung der Fremdfinanzierungskosten ist die Folge. War Cash Pooling bis vor einigen Jahren vor allem ein Thema für Multinationals, haben mittlerweile mehr und mehr KMU's die Vorteile des zentralen Finanzmanagements für sich entdeckt. ... -
From the tighter control of the general terms and conditions to the reforms in e-commerce
Am 17. Juni 2011 hat das Parlament der Revision des Bundesgesetzes über den unlauteren Wettbewerb zugestimmt, wodurch unlautere Geschäftspraktiken konsequenter unterbunden werden sollen. Die Revision umfasst einerseits Bestimmungen zu den sog. «Adressbuchschwindeleien», führt die erforderlichen Angaben beim elektronischen Geschäftsverkehr auf und schränkt die Verwendung missbräuchlicher Geschäftsbedingungen gegenüber Konsumenten strikter ein. Das vorliegende Kurz & Bündig gibt einen Überblick über die wichtigsten Neuerungen, welche gemäss Bundesratsbeschluss vom 12. Oktober 2011 am 1. April 2012 in Kraft treten werden, mit Ausnahme der Bestimmung über die allgemeinen Geschäftsbedingungen (AGB), welche erst auf den 1. Juli 2012 in Kraft gesetzt werden. ...