Blog

FRORIEP's sports law team is glad that, as of 1 July 2020, the Court of Arbitration for Sport (CAS) has adopted Spanish as its third official language. In addition, the ICAS – CAS' governing body – has also updated some provisions of the Code of Sports-related Arbitration with regard to notifications, communications and electronic video-conferencing.

Whether you are reading up on this topic as a business owner, a foreign resident of Switzerland, or simply out of a personal interest, read on to learn the basics of what this initiative is about and what its legal effects would be if passed on 27 September 2020.

Today, 8 September 2020, the Swiss Federal Data Protection and Information Commissioner ("FDPIC") issued a press release announcing it no longer considers the Swiss-US Privacy Shield regime to provide an adequate level of data protection. The FDPIC has taken its time to consider the July 2020 Schrems II decision by the Court of Justice of the European Union ("CJEU"), which found the EU-US Privacy Shield to be inadequate. It has now issued this decision on the basis of its own annual assessment of the virtually identical Swiss-US Privacy Shield.

The Swiss charitable foundation is an asset planning tool suitable for international philanthropists. It offers a globally recognised solution for private assets that benefits society as a whole. Swiss foundations enjoy great freedom in terms of structure and governance. For this reason, Switzerland is usually regarded as the jurisdiction of choice for the establishment of charitable foundations, particularly among non-Swiss founders such as international families and large charitable institutions or corporations.

Startups often forget to incorporate appropriate transfer restrictions in their shareholder agreements. In our conversation with Juan Fernando Baron of Rele.ai, we are exploring the various forms of transfer restrictions, such as the right of first refusal, drag-along and tag-along rights, purchase options with triggering events as well as permitted transfers, and are discussing the benefits of incorporating them into a startup's shareholder agreement early on.