Article
In Brief: Swiss Federal Tribunal Backs Bank On Execution-Only Retrocessions
In a decision designated for publication, the Swiss Federal Tribunal has confirmed that a bank operating on an execution-only basis is not required to remit distribution commissions to its client — resolving a question the Court had previously left open and offering the clearest guidance to date on where the duty to account ends in non-advisory relationships.
SKANDAMIS AVOCATS SA