The Case: The draft Federal Act on Communication Platforms and Search Engines (VE-KomPG) marks Switzerland’s first comprehensive attempt to regulate online platforms and is closely aligned with the Digital Services Act (DSA) – formally Regulation (EU) 2022/2065 on a Single Market for Digital Service The Commentary: While the proposal is…
The Case: Our first article was published on Lexology today: for details see link The Commentary: Hub page of k-flash: for more details see link
The Case: The increasing use of cloud services by banks and securities firms offers significant operational benefits but at the same time also heightens dependency on external providers and concentration risks. FINMA’s Risk Monitor 2025 (17 November 2025) highlights growing reliance on a small number of central ICT and SaaS…
The Case: A new study by the KOF Institute at ETH Zurich reveals for the first time which professions in Switzerland have been particularly affected by ChatGPT and similar AI systems. The Commentary: Since late 2022 unemployment has been rising significantly faster in occupations with high AI exposure, with young…
The Case: According to privatim, the conference of Swiss data protection officers, outsourcing particularly sensitive or confidential personal data, such as tax details or medical information, to cloud services operated by international providers is generally not permitted. The Commentary: Swiss authorities have virtually no way of verifying whether global cloud…
The Case: “AI and generative AI technologies are advancing rapidly, while the regulatory framework is still developing in many places.” – Source UBS The Commentary: Raiffeisen rolled out Microsoft Copilot group-wide in spring 2024 in order to support all employees.
The Case: Hacker group AKIRA has significantly been escalateing its ransomware operations in Switzerland in recent months. The Commentary: To date around 200 companies have been targeted, resulting in damages amounting to several million Swiss francs domestically—and several hundred million US dollars globally.
The Case: The first six months since the introduction of the obligation to report cyber-attacks on critical infrastructure have ended on a positive note. This was reported in a statement by the Federal Office for Cyber Security (FCOS). The Commentary: In this time period, 164 attacks were recorded. The most…
The Case: OECD encourages responsible use of AI by governments to strengthen efficiency, effectiveness and trust. The Commentary: According to a new OECD report, the adoption of artificial intelligence (AI) in public administrations has been growing though governments are faced with a range of challenges in scaling up AI applications,…
The Case: EPFL, ETH Zurich and the Swiss National Supercomputing Centre (CSCS) have released Apertus, Switzerland’s first large-scale open, multilingual language model — a milestone in generative AI for transparency and diversity. The Commentary: Trained on 15 trillion tokens across more than 1,000 languages (40 % of the data is…
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The Case: The Swiss Federal Tax Administration (FTA) has updated its overview of tax law and regulatory amendments expected to enter into force between 2027 and 2029. The Commentary: The overview provides a comprehensive summary of developments relating to direct federal tax, value added tax (VAT), withholding tax, and stamp…
The Case: UBS has been fined US$125 million by U.S. regulators for violating the Bank Secrecy Act (BSA) – the largest civil penalty ever imposed on a broker-dealer under the law. The Commentary: According to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), UBS Financial Services willfully…
The Case: The Swiss Federal Supreme Court has confirmed that a company engaging in deceptive pricing practices may be required not only to pay a fine but also to return the profits obtained through misleading pricing strategies, including the use of fictitious crossed-out prices and false price comparisons.
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