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Swiss law does not provide for a so-called “social enterprise” legal form. Thus, social entrepreneurs can choose various legal forms (corporation, cooperative, foundation, association) or consider using a hybrid structure with two independent entities to combine both a social welfare model that guides its mission of impact (the non-profit organisation) and a revenue generation model (the for profit entity) that guides its commercial activities.

The Financial Services Act (FinSA) and its implementing ordinance (FinSO) as well as the Financial Institutions Act (FinIA) and its implementing ordinance (FinSO) entered into force on 1 January 2020. However, due to generous transitional periods, life went on almost as if nothing had happened for most financial services providers.

On 29 November 2020 Swiss citizens will vote on the Responsible Business Initiative (Initiative pour des multinationales responsables / Konzernverantwortungsinitiative).

The Responsible Business Initiative (the Initiative) proposes a new due diligence obligation for Swiss-based large companies as well as a liability provision to hold them accountable for human rights and environmental violations made abroad by controlled companies. 

On 29 November 2020 the Swiss people will vote on the Responsible Business Initiative. The Initiative proposes a due diligence obligation for Swiss-based multinational companies as well as a liability provision to hold them accountable for human and environmental rights violations abroad.

On 29 November 2020 Swiss citizens will vote on the Responsible Business Initiative (Initiative pour des multinationales responsables/ Konzernverantwortungsinitiative).

The Responsible Business Initiative (the Initiative) proposes a new due diligence obligation for Swiss-based large companies as well as a liability provision to hold them accountable for human rights and environmental violations made abroad by controlled companies. This initiative has caused a heated debate over the last months as the Swiss people approach the polling stations.

In this LexCast, we will be talking about LegalTech and its impact on Swiss firms and in particular Swiss law firms. LegalTech is currently rising all over the world and increasingly enters the traditional legal market. With its Focus Area "AI and Digitalisation" Froriep has already delved into the field of digitalisation and now takes a closer look at LegalTech during this LexCast.