The United States has announced more sanctions against Russia due to the invasion occurring in Ukraine. One of the main sanctions that will affect corporations and foreign investors is the ban on oil, energy, and wheat import from Russia. Today, the United States is among the first few countries taking such positions. These are some of the issues that corporations and … [Read more...]
How to File a Lawsuit Against a Foreign Government: The Swiss Perspective.
I'm thrilled to publish this excellent guest post submitted by Yves Klein of Monfrini Crettol & Partners in Geneva, Switzerland. I recently read Santiago Cueto’s entry on this blog titled How to File a Lawsuit Against a Foreign Government. The Basics, on which I commented on LinkedIn. Santiago kindly offered me to write this contribution on the Swiss perspective to this … [Read more...]
Swiss Banks: Not a Good Place for International Icons of Intrigue to Stash Their Cash (But Still Great for Everyone Else).
James Bond , Jason Bourne and other international icons of intrigue may soon need to look elsewhere to keep their secret bank accounts. A Swiss parliamentary committee recommended yesterday that the full Parliament back an agreement with the United States to hand over the bank details of UBS’ 4,450 American clients in spite of Switzerland’s long-standing bank … [Read more...]
International Arbitration: Swiss Arbitrations Increase with Success of Expedited Arbitration Procedures
There was a high increase in arbitration cases submitted to the court under the Swiss Rules of International Arbitration, according to the Swiss Chambers’ Court of Arbitration and Mediation. According to the Swiss Chamber, a total of 104 new arbitration cases were filed in 2009, an increase of more than fifty percent over the number of cases submitted in 2008. Statistics … [Read more...]
Switzerland and United States Reach Landmark Agreement in UBS Tax Case
Swiss Parliament Must Still Approve Amended Protocol The CBS news magazine 60 Minutes featured a story on January 3, 2010 concerning the tax controversy between Switzerland and the United States over Switzerland's secretive banking industry. At the time, it appeared there would be no end in sight to the impasse. 60 Minutes: A Crack in the Swiss Vault Yesterday, however, … [Read more...]