Anyone who establishes a foundation and leads it as the chairman of the board, together with other trusted board members, should consider how it will proceed after the potential occurrence of resignation, incapacity to act, or death. Should one's own family, especially the heirs, continue to operate the foundation in influential positions?
The time between when a testator dies and when there is a definite distribution of the inheritance may amount to several years, especially when there are disputes between the heirs. If during this time the heirs cannot agree on the necessary administrative procedures regarding the inheritance, and no executor has been appointed in advance, a representative of the community of heirs is often appointed by the competent authority at the request of an heir.
As summer draws closer, focus can naturally shift to holidays and much anticipated events with family and friends. We have compiled a check-list to help you stay organised this time of year around your company's Swiss immigration needs in order to avoid stress and enjoy the summer season to its fullest. Read on to learn more!
Political and economic stability, an attractive fiscal environment as well as the high quality of the general standard of living has made Switzerland for decades the preferred destination for people who want to relocate abroad. When granting residence permits, Switzerland differentiates between two categories of foreign nationals: the EU-28/EFTA-nationals on the one hand, and the nationals of so-called third countries (non-EU-28/EFTA states) on the other.
According to a new leading case of the Federal Supreme Court, the recognition of a foreign certificate – in this case the certificate of inheritance established by the Egyptian court – should be refused in Switzerland when it is manifestly incompatible with Swiss public order, that is to say, when it runs against the fundamental principles of the Swiss legal order in an unacceptable way.