The opening of insolvency or debt-restructuring proceedings can lead to considerable uncertainties for the parties involved. Employees want to know whether they receive their wages, social security funds are interested in getting paid all outstanding contributions; all creditors of the company would like to receive clarity about the dividend they are entitled to and other interested persons may want to know who the creditors of the company are. In any case, the parties involved have one thing in common: they are all interested in information about the company and the status of the insolvency or debt-restructuring proceedings. The question is how to get the relevant information.
Extraordinary victory for football player Ezequiel Matias Schelotto achieved.
Dr. Lucien W. Valloni and Davide Colacino successfully represented the football player Ezeqiuel Matias Schelotto in a sports-related dispute against his former agent in relation to a transfer of the player to F.C. Internazionale Milan.
Who is liable for the damage if a hacker succeeds in initiating fraudulent transactions on a Swiss bank account?
According to a judgement of the Swiss Federal Court, it was the bank which ultimately had to bear the loss (Swiss Federal Court, decision of 5 December 2016, 4A_386/2016). However, do not be too sure that this will always be the case. In comparable cases, it could also be that the bank customer is left bearing the damage caused by an unauthorised person.
Football – one word that evokes not only a sport but also money related issues.
Contrary to what one may think, football players often struggle to get paid by their club, in particular after the wrongful termination of the employment agreement by the club.
A recent example illustrates this phenomenon – here with a happy ending for the player.
Lawyers know the law, managers know how to make business decisions. Often, managers complain about the typical lawyers' answer "it depends". On the other hand, lawyers may suffer from the fact that they are sometimes called in the last minute of a negotiation to review the legal aspects of a deal; or even worse: if their legal assessment on the project is feared ("no"), they may even be avoided. How can both positions be reconciled? This is where contractual risk management comes in handy.