Category: Compliance

The case US Treasury takes further action against Russia’s International supply chains.  Source: US treasury The commentary The U.S. Department of the Treasury and the Department of State have expanded sanctions on Russia,...

The case In its judgements B-2284/2023 and B-3507/2022, the Federal Administrative Court (FAC) rejected appeals lodged against the freezing of assets belonging to politically exposed persons associated with former Ukrainian...

The case “Today we’re transferring € 1.5 billion in proceeds from immobilised Russian assets in order for them to be used for the defence and reconstruction of the Ukraine. There is no better symbol or use for the...

The case The West’s proposal to use the Russian Central Bank’s blocked assets as compensation for the Ukraine is complex and raises a number of legal and practical questions. Source: today’s NZZ – page 8...

The case Sonntagszeitung reported that Swiss banks are going to close the accounts held by Russians. It seems that the banks are not only going to implement EU sanctions, but US and UK sanctions as well even though these...

The case A few weeks after Russia started its war of aggression against Ukraine, the Federal Council froze a number of accounts belonging to persons in the entourage of the former president of Ukraine, Viktor Yanukovych. The...

The case Today, in his presentation at the Europa Institute of the University of Zurich, Simon Plüss, Head of Export Control and Sanctions at State Secretariat for Economic Affairs (SECO), sums up the sanctions against Russia....

The case Prof. Dr. Richard Susskind sees the legal world as being one of online courts, AI-powered global legal transactions, liberalised markets, commoditisation and alternative sourcing, disruptive start-ups, legal education...

The case Munich’s public prosecutor has been granted access to the CS accounts of  Eduard Seidel, former who was convicted of bribery. Seidel had amassed an inexplicable CHF 54 million in his bank account, with no information as...

The case The value of Russian assets frozen in Switzerland has decreased by CHF 1.7 billion to CHF 5.8 billion due to valuation losses on marketable securities. In response to Russia’s military aggression in Ukraine, the Swiss...

The case The purpose of the revision is to modernise and adapt Swiss international inheritance law to developments both in Switzerland as well as abroad (see dispatch of Federal Council). The amendments aim at avoiding conflicts...

The case Yesterday, a hearing in a courtroom revealed insight into the life of a greengrocer-cum-mafia associate who had helped the organised crime by laundering their money. Source: ​Judgement DH 240013 of 9 April 2024. NZZ...