11 April 2019
Trends in the Swiss Cannabis Regulation
One of currently fastest growing industries are cannabis companies along the value chain of cannabis, such as e.g. pharmaceutical companies around the different application forms of cannabis. Due to significant regulatory changes all over the world, many growers, manufacturers and pharmaceutical companies are exploring the opportunities of the "new" now slowly legalized commodity cannabis. Whilst pharmaceutical companies see the chances of its medical effects, the commercial industry intends to satisfy the desires of the recreational application of cannabis.Read more
10 April 2019
Arbitrating banking and finance disputes – What are the benefits?
While there has been some growth in the use of arbitration as a means of resolving disputes in the finance sector, court litigation is still by far the preferred-choice of financial institutions in Switzerland.
At the SCAI Conference "Arbitrating banking disputes – Are there tangible benefits?" it was discussed how the wider use of arbitration in the finance sector can be promoted and encouraged. This blog post provides a short overview which kind of banking disputes may be suitable and what advantages choosing arbitration may have.
19 March 2019
Is there a legal right to a bank account in Switzerland?
Access to payment services is particularly important in these digital times. Often a bank account is required. In the EU, every consumer legally resident in the EU has a right to an account (Directive 2014/92/EU). An account may be refused in the EU if a consumer infringes the rules on combating money laundering or terrorist financing (bank accounts in the EU). There is no general explicit legal provision in Switzerland. Is there therefore no legal entitlement to a bank account in Switzerland?Read more