The current turmoil in the financial markets reminds me of an interesting arbitration case in which I represented an investor a few years ago. I learned a lot from that arbitration, particularly the following (in no particular order): (1) Sole Arbitrator vs. Arbitral Tribunal Of course, there are certain advantages to having a dispute decided
Rechtsgebiete: Bank- und Finanzmarktrecht
Competition between arbitration locations has increased significantly in recent years. Personally, I can still remember a time when international arbitration took place in a much narrower circle. The “good old days” of arbitration were recently described as follows by Prof. Felix Dasser, a renowned Swiss arbitration practitioner, in his keynote speech at the Vilnius Arbitration
Rechtsgebiete: Allgemeines Vertragsrecht
On 13 September 2022, the Swiss Federal Tribunal (SFT), Switzerland’s highest court, rendered the new leading judgment 4A_407/2021, which has already been discussed and criticized in depth in the Swiss legal doctrine (LUC THÉVENOZ / CÉLIAN HIRSCH, Le dommage d’investissement et sa preuve, in: SZW-RSDA 2/2023, at pages 166 et seq., in particular at pages
Rechtsgebiete: Bank- und Finanzmarktrecht
Am 13. September 2022 fällte des Bundesgericht (BGer) das neue, zur amtlichen Publikation vorgesehene Leiturteil 4A_407/2021, das in der Lehre bereits vertieft diskutiert und kritisiert worden ist (Luc Thévenoz / Célian Hirsch, Le dommage d’investissement et sa preuve, in: SZW-RSDA 2/2023, S. 166 ff., insbesondere S. 169 ff.; Charlotte Gilliéron, Quelle action initiée contre une
Rechtsgebiete: Bank- und Finanzmarktrecht
As mentioned in my first article dedicated to the collapse of Credit Suisse (“CS”), dated 26 March 2023, the full write down of the CS Additional Tier 1 (“AT1”) capital instruments, ordered by the Swiss financial markets’ regulator FINMA in connection with CS’s merger with UBS, facilitated or possibly even ordered by the Swiss authorities
Rechtsgebiete: Bank- und Finanzmarktrecht
Following the collapse of Credit Suisse (“CS”), namely the merger with its rival UBS facilitated or possibly even ordered by the Swiss authorities during the weekend of 18 / 19 March 2023 (the “CS-UBS-Merger”), media are reporting about initiatives to raise claims against the Swiss authorities in this context (see, for example: https://www.20min.ch/story/laesst-sich-automatisieren-kommt-es-zur-klagewelle-der-cs-kleinanleger-483973532115; https://www.reuters.com/business/finance/possible-legal-action-by-some-credit-suisse-at1-bondholders-discussed-law-firm-2023-03-20/). What
Rechtsgebiete: Bank- und Finanzmarktrecht, Haftpflichtrecht
Recently, I came across an article written by a German journalist about how she experienced life in the Swiss city of Zurich (see: https://www.travelbook.de/news/travelbook-redakteurin-zuerich-ist-wunderschoen-aber-ich-moechte-nie-wieder-dort-leben). The quintessence of her experience can be summarized as “Zurich is beautiful, but life there is unbearable”, namely because she could not get used to the typical reserve of the Swiss
Rechtsgebiete: Allgemeines Vertragsrecht
Da gemäss dem in der Corona-Krise über politische Entwicklungen auffällig gut unterrichteten Schweizer Boulevardblatt Blick in der Schweiz die nächste Massnahmenverschärfung anstehen dürfte (siehe: https://www.blick.ch/politik/bundesrat-will-ernst-machen-ab-montag-soll-das-erweiterte-corona-zertifikat-gelten-id16811630.html), und weil die Diskussion über die Corona-Politik in letzter Zeit bedauerlicherweise deutlich an Schärfe gewonnen hat (siehe zu diesem Thema etwa: https://www.dieostschweiz.ch/artikel/die-mediale-hetze-schaukelt-sich-hoch-KvAqNJ6), möchte ich in diesem Artikel kurz auf einige
Rechtsgebiete: Personenrecht (Persönlichkeitsrechte, Namensrecht etc.), Verwaltungsrecht
In diesem Artikel sollen einige besonders für die Praxis von Prozessanwältinnen und Prozessanwälten interessante, die Zivilprozessordnung (ZPO) betreffende Urteile kurz vorgestellt werden. Mangelhafte Eingaben (Art. 132 Abs. 2 ZPO) Am 12. November 2020 veröffentlichte das Bundesgericht (BGer) einen interessanten Entscheid zu Art. 132 Abs. 2 ZPO betreffend mangelhafte Eingaben (Urteil 4A_351/2020 vom 13. Oktober
Rechtsgebiete: Allgemeines Vertragsrecht
On 29 May 2020, the Commercial Court of the Canton of Zurich (the “Zurich Commercial Court“) rendered an interesting judgment that illustrates how difficult it is to have Zurich courts issue payment interdictions against banks domiciled in this city, which have issued a bank guarantee or, as in the case in question, a letter of credit.
Rechtsgebiete: Bank- und Finanzmarktrecht