Switzerland

Results for Switzerland

Solarmax Parent Company To File For Insolvency

Sputnik Engineering, the parent company of Swiss inverter manufacturer Solarmax, will file for insolvency in Switzerland this week PV Tech has learned. In a circular sent to customers and seen by PV Tech, the company said it had looked for alternatives b ...

Daily Headline - global.abi.org - 11/27/2014 - 19:35 - 0 comments

Switzerland’s Eurofin in Process of Largely Shutting Down

A Swiss financial company embroiled in the Espírito Santo saga is in the process of largely shutting down, according to people familiar with the matter, The Wall Street Journal reported. The Lausanne-based company, Eurofin Holding SA, is selling or s ...

Daily Headline - global.abi.org - 11/19/2014 - 20:48 - 0 comments

HSBC’s Swiss Private Bank Charged in Belgium Tax Fraud Inquiry

The Swiss private banking arm of HSBC has been charged by Belgian authorities with assisting wealthy individuals to avoid paying taxes on several billion dollars in assets, the International New York Times DealBook blog reported. A Belgian investigat ...

Daily Headline - global.abi.org - 11/17/2014 - 20:09 - 0 comments

Monarch Airlines Rescued As Mantegazzas Take Flight

Monarch Airlines has agreed a rescue deal that will result in Switzerland’s Mantegazza dynasty, who started the business with just two aircraft in Luton in 1968, selling up completely, The Telegraph reported. Family patriarch Sergio Mantegazza is und ...

Daily Headline - global.abi.org - 10/26/2014 - 17:41 - 0 comments

Switzerland Investigates Bank With Ties to Espírito Santo Companies

A Swiss financial regulator said on Wednesday that it had initiated enforcement proceedings against a Swiss bank with ties to the Espírito Santo family’s troubled group of companies, the International New York Times DealBook blog reported. The Swiss ...

Daily Headline - global.abi.org - 09/03/2014 - 21:20 - 0 comments

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 - 19:12 - 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 - 15:11 - 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 - 10:53 - 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 - 20:45 - 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 - 20:52 - 0 comments

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