Baker McKenzie’s Sanctions Blog published the alert titled Switzerland Adds to the Lists of Designated Parties and Territories under its Russia Sanctions on 18 October 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
After pressure from Parliament, the Swiss Federal Council has against its own intentions opened the consultation process on new legislation to screen foreign investments in future also in Switzerland and has published a draft investment control law (“Draft ICL”). By implementing foreign investment control mechanisms, Switzerland would follow the global trend towards stricter regulation of foreign investments. According to the Draft ICL, the new law would apply to acquisitions of domestic companies by foreign investors. The main objective is the aversion of possible threats to public order and national security resulting from acquisitions of domestic companies by foreign investors. The final aim is to create investment controls in a new and stand-alone federal law.
Baker McKenzie’s Sanctions Blog published the alert titled Switzerland De-Lists Designated Individuals under Russia Sanctions on 28 September 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
In August 2022, the Swiss Competition Commission launched an investigation against the multinational healthcare company Fresenius Kabi Group.
On 1 August 2022, Swiss National Day, Switzerland’s revised Narcotics Act entered into force. The revision aims at facilitating medical treatments and improving research and development of cannabis. Prior to the revised law, patients and physicians had to apply for special authorization from the Federal Office of Public Health if they wanted to access cannabis for medical purposes. The amendment will allow numerous patients safe and timely access to cannabis medicines as part of their treatment regime. This signifies a further step in modernizing Switzerland’s legislation on cannabis.
Baker McKenzie’s Sanctions Blog published the alert titled Switzerland implements further EU sanctions to align itself with the EU on 5 September 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
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Baker McKenzie’s Sanctions Blog published the alert titled Switzerland Adds to the List of Designated Individuals and Entities under Russia Sanctions on 3 August 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Switzerland partially implements seventh EU sanctions package on 4 August 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Switzerland implements sixth EU sanctions package on 1 July 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.