23 May 2017

Why should I care about Brexit?

At the IBA Litigation Conference in Zurich at the beginning of this month, one session was dedicated to the impact of Brexit to the statutory landscape relevant for litigators. Many litigators will have thought before that session: Why should I care about Brexit? The answer came quickly and clearly. Brexit will have negative consequences on the allocation of jurisdiction between States and the recognition and enforcement of judgments.

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27 April 2017

Why does my bank's name now include "Switzerland"?

The two Swiss major banks have changed their legal structure. Towards the end of 2016, Credit Suisse launched its new subsidiary Credit Suisse (Schweiz) AG, which comprises the universal bank's business for Swiss customers. UBS already spun off the areas retail & corporate and wealth management booked in Switzerland into UBS Switzerland AG in June 2015. What is the background of these structural changes? And what do they mean for the two major banks' customers?

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30 March 2017

Digital data in bankruptcy proceedings

For many companies, the outsourcing of data hosting to an external hosting provider is attractive for security and cost reasons. Before sensitive or valuable data is managed externally, however, the management should consider a possible bankruptcy of the hosting provider. Such an event raises various legal questions, of which only a few have been clarified.

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