This page contains the latest updates and news from BianchiSchwald, from press releases to publications by our lawyers, to changes in the legal landscape. Want to know more? Please contact us directly.
Within the AGEFI's monthly Supplément "Indices", Dominique Christin explains the importance for the pension funds of clearly defining their reinsurance strategy and the risks of a total or partial congruence.
The Swiss parliament passed a new Data Protection Act for Switzerland at the end of September 2020. The new law creates new information obligations, sets higher standards for the documentation of data processing and introduces new instruments to protect the rights of data subjects. As a result, Swiss companies have to update their internal processes to implement the requirements of the new law. The law is not expected to enter into force before the second half of 2021. Since the new law does not provide for any transition periods, companies are advised to use the remaining time to implement the new requirements.
On 28 October 2020, Managing partner Thomas Goossens will be one of the speakers of the seminar organized by “Academy & Finance” on the main challenges brought by the new Swiss regulation of financial service providers. With other peers, he will analyze the implications of the new liability regime applicable to the supply and distribution of financial instruments.
Within the AGEFI’s monthly supplement “Indices”, Thomas Goossens and Léa Dewaele highlight the applicability of the FinSA rules for companies active in the private equity sector. In this context, a distinction should be made between investment advice and corporate finance advice, which is often difficult to make in practice.
The Swiss Federal Data Protection Commissioner published a statement on 8 September 2020, which creates new challenges for international data transfers out of Switzerland. The primary focus of the statement is the transfer of personal data to the US. From now on, the Swiss-US Privacy Shield no longer ensures adequate protection of personal data. Beyond that, international transfers of personal based on contractual garantees will require a risk assessment in advance.
BianchiSchwald had the pleasure to host the Start-up Mansard Chats in cooperation with KSquared on August 27, 2020. Thierry Burnens, Associate in BianchiSchwald’s IP/IT Team provided an overview about the important legal aspects related to IP protection. Sebastian Dudli, Partner with KSquared then moderated a panel discussion with entrepreneurs and investors. Last but not least, the participants had the opportunity to network and further experiences during the aperitif that followed. We thank everyone for joining the event and actively participating. And look forward to seeing you at our next Start-up Mansard Chat event!