International Business Law Advisor Insights on International Litigation & Transactions

Tag Archives: Switzerland

How to File a Lawsuit Against a Foreign Government: The Swiss Perspective.

Posted in International Litigation

I’m thrilled to publish this excellent guest post submitted by Yves Klein of Monfrini Crettol & Partners in Geneva, Switzerland. I recently read Santiago Cueto’s entry on this blog titled How to File a Lawsuit Against a Foreign Government. The Basics, on which I commented on LinkedIn. Santiago kindly offered me to write this contribution… Continue Reading

Swiss Banks: Not a Good Place for International Icons of Intrigue to Stash Their Cash (But Still Great for Everyone Else).

Posted in Corporate Governance

 James Bond , Jason Bourne and other international icons of intrigue may soon need to look elsewhere to keep their secret bank accounts. A Swiss parliamentary committee recommended yesterday that the full Parliament back an agreement with the United States to hand over the bank details of UBS’ 4,450 American clients in spite of Switzerland’s… Continue Reading

International Arbitration: Swiss Arbitrations Increase with Success of Expedited Arbitration Procedures

Posted in International Arbitration

There was a high increase in arbitration cases submitted to the court under the Swiss Rules of International Arbitration, according to the Swiss Chambers’ Court of Arbitration and Mediation. According to the Swiss Chamber, a total of 104 new arbitration cases were filed in 2009, an increase of more than fifty percent over the number… Continue Reading

Switzerland and United States Reach Landmark Agreement in UBS Tax Case

Posted in Business Transactions, Corporate Governance, International Banking, International Litigation

Swiss Parliament Must Still Approve Amended Protocol The CBS news magazine 60 Minutes featured a story on January 3, 2010 concerning the tax controversy between Switzerland and the United States over Switzerland’s secretive banking industry. At the time, it appeared there would be no end in sight to the impasse. 60 Minutes: A Crack in… Continue Reading

The Ultimate Hidden Fee: U.S. Based Multinational Companies Face $122 Billion Tax Burden Under Proposed Bill

Posted in Business Transactions, Corporate Governance, International Investments, Random Thoughts and Observations

And Why Relocating to Switzerland May be the Best Corporate Strategy There’s nothing more annoying than finding hidden fees buried deep inside obtuse and mangled contract language. The only thing worse than finding hidden fees is learning about these punishing provisions from someone else—after you’ve signed the agreement.  If you thought hidden fees provisions were… Continue Reading

Swiss Banks Shutting Out U.S. Clients Due to Unprecedented Banking Oversight

Posted in International Banking

on my visit to Switzerland with my wife and daughter this past April, there was a palpable sense of uneasiness in the unusually damp alpine air. As we made our way down Zurich’s Bahnhofstrasse—the main artery running through the city’s financial district, I could not help but notice the sheer number of jaw-clenched bankers passing… Continue Reading

UBS Strikes Deal in U.S. Tax Case: The End of Switzerland’s Bank Secrecy Rules a Boon to Singapore Banking?

Posted in International Banking

On August 3, 2009, UBS reached a deal with U.S. authorities to turn over the names of 5,000 U.S clients holding secret Swiss bank accounts. Although this amounts to a mere 10 percent of the names Washington was after, the controversy surrounding Switzerland and UBS will continue to swell. The pressure on Switzerland and UBS… Continue Reading