Author: Admin

The revision of the Swiss company law is intended to make the formation and capital provisions more flexible, to improve corporate governance in non-listed companies and to aligning the company law with the new accounting law. In addition, there will be a regulation on transparency for economically significant companies active in the field of commodities. Below you will find brief descriptions of the changes that we believe will be made.

On 1 November 2019, the new “Federal Act on the Implementation of Recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes” came into force. Following the introduction of reporting duties for bearer shares in 2015, the new law goes even further and, with a few exceptions, results in the complete abolition of bearer shares. The following summary shall provide a brief overview of the consequences of the new law and show the need for action that arises thereof for companies and shareholders.