The corona virus poses great challenges for society and the economy. A central issue is the protection of particularly vulnerable persons. This article aims to show who falls into this category and to present and briefly comment on the special regulations applying to such persons in their capacity as employees, which came into force on 17 March 2020 and have since already been revised twice, most recently on 17 April 2020.
Legal Aspects of Coronavirus in Switzerland V – The Role of the Board of Directors in Times of a Crisis
Under Swiss corporate law the Board of Directors is empowered to delegate the operational management of the “Daily Business” to a large extent to the Executive Board. In times of a crisis, however, the Board of Directors, as the “supreme crisis and risk manager” of any company, is obliged to become increasingly active itself and to take the appropriate measures within the scope of its authority to ensure the company’s existence. The purpose of this article is to briefly highlight various aspects that the Board of Directors must consider in crisis situations.
The Coronavirus currently has our whole life in a stranglehold and affects our everyday life. This not only from a medical or economic point of view, but also from a legal point of view. As this situation is likely to continue for some time and the economic consequences are difficult to assess at present, companies and entrepreneurs should start thinking today about how their companies can cope with the crisis in the longer term. What is certain is that there will be life after COVID-19. Therefore, it is important to survive the time until then as unscathed as possible.
About two weeks ago, still at the beginning of the outbreak of the corona virus in Switzerland, we already reported on the difficulties for companies to hold a general meeting at these times and during the then newly imposed ban on meetings. In the meantime, the situation has changed drastically. In this update, we cover the newly imposed measures of the Swiss Federal Council and specially the Ordinance 2 on Measures to Combat the Coronavirus of 16 March 2020 (COVID-19 Ordinance 2), which allows company to hold their general meetings.
The coronavirus is spreading world-wide and has arrived in Europe and North America. As a result, the consequences of the coronavirus no longer affect only international companies with production sites in China or which depend on deliveries from China. Nationally operating companies of all kinds are also facing consequences in the form of total or partial suspensions or delays in deliveries or cancellations or bans on events.