Latest tax & legal developments for Switzerland
Sharing knowledge, bringing you the newest developments in our field and showing you how we work. In business, we all need easy access to relevant information about tax and legal news. We provide regular, pragmatic and straight-to-the-point updates on recent developments.
Life Sciences Bit: Tightened Swiss regulatory requirements in relation to international pharmaceuticals trading
Swiss wholesale license holder must tighten their audit practices towards suppliers from countries outside of the EU.
Corporate Governance I: Modernising company law Episode 1 of 5
In the Loyens & Loeff Switzerland podcast series “Let’s talk legal”, we provide succinct insights into key Swiss legal issues and developments. In five episodes, we talk about the main aspects of the Swiss corporate law reform. After being in the making for almost 20 years, the corporate law reform touches a wide area of topics.
Swiss Withholding Tax Reform: Federal Council publishes dispatch on reform of the Withholding Tax Act
The Swiss Federal Council intends to strengthen Switzerland as a location for debt capital market and group financing activities by abolishing withholding tax on interest payments and securities transfer stamp tax on the transfer of domestic bonds. The dispatch now lies with the Swiss parliament for approval.
Paid childcare leave for parents of seriously ill or injured children
Working parents of seriously ill or injured children currently have no choice but to take unpaid leave, take sick leave themselves or temporarily give up work altogether. To ease the burden on these families, the Swiss Code of Obligations (CO) and the Income Compensation Act will introduce new provisions on up to 14 weeks’ paid childcare leave to allow employees to care for seriously ill or injured children. The new provision will enter into force on 1 July 2021.
Loyens & Loeff wins IFLR Europe 2021 Award “Debt and Equity-Linked Deal of the Year"
Loyens & Loeff won the IFLR Europe 2021 Award “Debt and Equity Deal of the Year” for advising Novartis with the offering of EUR 1.85 billion 0.000% Sustainability-Linked Notes due 2028. This transaction is the first-ever offering of sustainability-linked notes in the healthcare industry and the first incorporating “social” targets. The winners were announced by IFLR in a virtual ceremony on 29 April 2021.
Loyens & Loeff launches firmwide Innovation Challenge
This week marked the official launch of the first ever Loyens & Loeff Innovation Challenge. Colleagues across the firm are all invited to form teams and explore innovative ideas that could yield value to our clients and/or increase our operational efficiency. The winning team will take home the Innovation award and also receive funding and support to launch the idea before the end of this year.
Loyens & Loeff Switzerland ranked in Legal 500 EMEA 2021
The Legal 500 rankings are based on independent research on both feedback from our peers and clients, as well as on information on projects and transactions we are proud to advise our clients on.
Loyens & Loeff in The Legal 500 2021 EMEA rankings
The Legal 500 has published its EMEA rankings for 2021 today. The rankings are based on independent research on both feedback from peers and clients, as well as on information on projects and transactions we are proud to advise our clients on.
Swiss Green Fintech Action Plan
A group of experts from the green digital finance area has issued an action plan in order to optimize the development of this technology application in Switzerland.
Private equity’s new trend: selling to themselves
The decline in global M&A activity during the Covid-19 pandemic, combined with the ongoing lack of attractively priced targets, led to a rise in an alternative exit scenario for private equity firms: selling their portfolio companies to themselves, typically by creating a so-called continuation fund. Such deals are no novelty but given their rising popularity, a closer look should be taken at the potential pitfalls involved in such deals.
New Swiss Court Ruling on Short-Time Work Compensation
In a recent ruling, the Cantonal Court of Lucerne decided that holiday and public holiday compensation for persons employed on a monthly salary must be taken into account when assessing short-time work compensation on the basis of the Covid-19 Ordinance.
Due Diligence for Swiss CBD Companies – What Investors, Financing Banks and other Financial Institutions should look for
Switzerland has proven to provide for attractive conditions for businesses involved in the production and distribution of cannabidiol (CBD) products (including raw material and processed goods). After an initial wave of new companies being established in Switzerland to serve the high demand for CBD products, the Swiss market is now moving to the next phase with additional (foreign) investments, strategic M&A activity as well as expansions of the ordinary course of business activities. In this newsletter we would like to give you an overview on the most important aspects when conducting a due diligence involving a Swiss company active in the field of CBD products with a THC level below 1%.