In a note dated 23 September 2014, the Swiss Federal Department for Economic Affairs clarified how the European Commission (EC) may send notices to Swiss companies, something companies often struggle with in light of the Swiss criminal blocking statutes on the provision of data/information to foreign authorities, requiring a waiver from the…
On 23 October 2014, Transparency International published a report which analyzed the enforcement of the the Organisation for…
On June 18, 2014, the U.S. Internal Revenue Service (“IRS”) announced changes to the 2012 Offshore Voluntary Disclosure…
The Swiss State Secretariat for Economic Affairs suspended export licences and licence exemptions for controlled dual-use goods to Ukraine, thereby making such goods subject to individual review. On Wednesday 13 August, in light of the recent EU sectoral sanctions, the Swiss Federal Council announced further measures aimed at avoiding circumvention…
In early May 2014, a new decision from the Swiss Supreme Court shocked the legal and compliance community.…