Switzerland

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Credit Suisse Played Role in Espirito Santo Collapse

Credit Suisse helped put together billions of dollars in securities that were issued by offshore investment vehicles of Banco Espirito Santo SA and then sold to the Portuguese bank's retail customers, the Wall Street Journal reported on Sunday. In t ...

Daily Headline - global.abi.org - 08/17/2014 - 20:12 - 0 comments

EUROPEAN UPDATE: Switzerland: More Restructuring-Friendly Insolvency Law

EUROPEAN UPDATE: Switzerland: More Restructuring-Friendly Insolvency Law (Citation: Adam Gallagher and Ueli Huber, Switzerland: More Restructuring-Friendly Insolvency Law, XXXIII ABI Journal 7, 32-33, 77-78, July 2014) - Adam Gallagher and Ueli Huber ...

Resource Article - abi_editor - 06/26/2014 - 16:11 - 0 comments - 0 attachments

New restructuring law in Switzerland

Birgit Sambeth Glasner and Florence Pastore describe the key features of the new restructuring laws which have recently come into force. Attachment Size att00048.pdf 207.78 KB (Europe, Switzerland) ...

Resource Article - twallace@abiwor... - 06/11/2014 - 11:53 - 0 comments - 1 attachment

Credit Suisse Pleads Guilty in Tax Evasion Case

Credit Suisse has done what no other huge bank has done in over two decades: plead guilty to criminal wrongdoing, the International New York Times DealBook blog reported. In a sign that global banking giants are no longer immune from criminal charges ...

Daily Headline - global.abi.org - 05/19/2014 - 21:45 - 0 comments

Switzerland Pledges To Lift Veil On Tax Secrecy

Switzerland, the world’s largest offshore financial centre, has pledged automatically to hand the details of foreign bank accounts to other countries in one of the most significant breakthroughs in the global crackdown on evasion, the Financial Times ...

Daily Headline - global.abi.org - 05/06/2014 - 21:52 - 0 comments

Lehman Deal Clears Way For Closure Of Swiss Settlement

Lehman Brothers Holdings Inc's bankruptcy estate has struck a deal to resolve a five-year-long dispute involving its Swiss affiliate, clearing the way to distribute $1.8 billion to creditors, Reuters reported. The deal would enable the estate of Leh ...

Daily Headline - global.abi.org - 02/27/2014 - 22:33 - 0 comments

Swiss Housing Market Bubble Looms Closer, UBS Says

Switzerland’s property market is at greater risk of overheating, raising the question as to whether authorities have done enough to curtail the boom, Bloomberg News reported. The UBS Swiss Real Estate Bubble Index rose to 1.23 points in the fourth quarte ...

Daily Headline - global.abi.org - 02/06/2014 - 00:01 - 0 comments

Swiss Voters Reject High-Pay Initiative

Switzerland stepped back from a movement to control corporate pay, overwhelmingly rejecting an initiative that would have restricted executive salaries to 12 times that of the lowest paid employee, The Wall Street Journal reported. Roughly 65% of Swi ...

Daily Headline - global.abi.org - 11/24/2013 - 20:56 - 0 comments

Switzerland Tightens Rules for Lender Owned by Canton of Zurich

Switzerland's biggest publicly backed lender is being saddled with more stringent rules, in the latest move by regulators in the Alpine nation to corral risk in the financial sector, The Wall Street Journal reported. On Monday, Zurich-based Zuer ...

Daily Headline - global.abi.org - 11/11/2013 - 22:10 - 0 comments

France Puts UBS Under Investigation for Aiding Tax Evasion

A unit of the Swiss bank UBS has been placed under formal investigation in France following allegations that it designed investments to help its clients evade taxes, the International Herald Tribune reported. The move comes more than a year after an ...

Daily Headline - global.abi.org - 06/02/2013 - 23:17 - 0 comments

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