Corporate Law Reform

The revised corporate law will enter into force and effect as of January 1, 2023. The revision focuses on liberalizing provisions governing the formation and capital requirements, improving corporate governance, and introducing electronic media at the general meeting. Statutory provisions governing restructuring were also rendered more precise and more flexible in the course of the corporate law reform, adding new obligations to act. Furthermore, the provisions of the Ordinance Against Excessive Remuneration in Listed Stock Corporations ("VegüV"), which arose from the Minder Initiative, will be incorporated into the Swiss Code of Obligations. Some of the new provisions, specifically with regard to the gender quota and transparency requirements for commodity companies, have already been in force and effect since January 1, 2022.