Fairmed Healthcare AG, Swiss generics company based in Zug, raises senior secured loan from Duke Royalty Limited

Urbach Optik AG, Swiss company based in Dübendorf, one of the largest online retailers for contact lenses in Europe is sold to Vision Group AG

The current spread of the coronavirus poses challenges for both employers and employees. In particular, whether an employer is violating its duty of care if it continues to send employees on business trips.

Will bearer shares be abolished for Swiss stock corporations? Yes, at its meeting on 27 September 2019 the Federal Council decided to enact the Federal Act on the Implementation of Recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes on 1 November 2019.

Swiss based Fairmed Healthcare, a company with a portfolio of high-quality generic products, announced that it sold a majority stake to Strides Pharma Science Limited.

Regulatorische Entwicklungen – Mehrwertsteuer

A majority of companies in Switzerland process a vast amount of personal data on a daily basis. Much of the data is confidential or even sensitive personal data. The GDPR aims to empower individuals with regard to controlling the use of their personal data and to harmonize the patchwork of national data legislation across the EU to lay the foundation for a single, thriving digital market.\n\nA particular feature of the GDPR is its extraterritorial reach, which is stipulated in Art. 3 GDPR. Besides applying to companies established in the EU, the regulation also applies to companies not established in the EU to the extent that their goods or services target EU data subjects or in case of monitoring the behavior of EU citizens. It is important to understand that the GDPR focuses on all data subjects. Hence, not only might your customers be data subjects, but all natural persons whose personal data your organization processes are within the scope of the regulation, even employees.\n\nThe GDPR becomes effective on 25 May 2018. It gives the National EU authorities tasked with the protection of data and privacy and monitoring and enforcement of the data protection regulations ('DPA') the rights to impose administrative fines which can amount to a maximum of EUR 20 million or 4 per cent of the global annual turnover of a company – whichever is higher.

Digital transformation has become imperative for all businesses, regardless of their seize. Be it automation, logistics, software, retail or medical — digital disruptions are omnipresent. To stay relevant in the business you will certainly embark on a digital transformation journey. For this you might engage software or hardware providers. You will need IT and legal experts to ensure maximum value for your investment.

On 21 March 2018, the Swiss Federal Council published the revised bill together with the dispatch on the Tax Proposal 17 for parliamentary discussion.The previous Corporate Tax Reform III was intended to abolish certain tax privileges while at the same time strengthening Switzerland’s tax competitiveness.