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.
Switzerland is substantially revising and modernizing its insurance supervision laws, i.e., the federal law on the supervision of insurance carriers (Versicherungsaufsichtsgesetz) and the respective ordinance (Versicherungsaufsichtsverordnung). The new law is expected to come into effect on 1 July 2023 or 1 January 2024. It will introduce a new, risk-based supervision regime that allows for more tailor-made supervision.
This event will take place at the Zürich Marriott Hotel on 31 October 2022 from 1:30pm to 5:00pm. Please note that this event will be held in German only.
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.
As one of the largest Swiss lending teams, we compile our hot lending topics every year in a short and readable way. The overview covers LIBOR transition 2.0, new corporate law, sanctions, ESG lending, and collateral in tokens. We hope you will enjoy reading our overview.
Several providers of online games of luck and chance were recently confronted with the blocking of their websites by Swiss authorities. In two recent decisions, the Swiss Federal Supreme Court approved these blockings, confirming that foreign providers need to take appropriate technical measures from the outset to prevent their website from being blocked in Switzerland. Below, we provide a short overview of the legislative background of such blockings and the reasoning of the SFSC in its decisions. Moreover, we set out the most important considerations for foreign providers of online games of luck and chance in Switzerland.
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.