On 16 April 2020, the Federal Council passed a special ordinance in relation to the Swiss insolvency and restructuring regime to protect companies who ran into financial difficulties caused by the COVID-19 pandemic (the COVID-19 Insolvency Ordinance). The COVID-19 Insolvency Ordinance entered into force on 20 April 2020 and will remain effective for a period of six months.
If you have missed our event on shareholder exit and liquidity events on 27 February 2020, check out our latest LexCast on which Leti McManus (Tiger Link Advisors), Vincenzo Braiotta (Grant Thornton) and Benjamin Dürig (Froriep) agreed to share their main takeaways from the event. The podcast is moderated by Cornelia Mattig.
On 26 June 2019, the Federal Council assigned the Federal Department of Home Affairs (FDHA) to conduct a consultation procedure on the amendment of the Federal Narcotics Act (NarcA), which will last until 17 October 2019. The planned amendment to the NarcA aims to facilitate and expand the handling of medicinal cannabis that is exempt from a special approval of the Federal Office of Public Health. In particular, the traffic ban on cannabis narcotics for medicinal purposes is to be lifted, which should lead to limited tradability.