On 1 August 2022, Swiss National Day, Switzerland’s revised Narcotics Act entered into force. The revision aims at facilitating medical treatments and improving research and development of cannabis. Prior to the revised law, patients and physicians had to apply for special authorization from the Federal Office of Public Health if they wanted to access cannabis for medical purposes. The amendment will allow numerous patients safe and timely access to cannabis medicines as part of their treatment regime. This signifies a further step in modernizing Switzerland’s legislation on cannabis.
Baker McKenzie’s Sanctions Blog published the alert titled Switzerland implements further EU sanctions to align itself with the EU on 5 September 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
As one of the largest Swiss lending teams, we compile our hot lending topics every year in a short and readable way. The overview covers LIBOR transition 2.0, new corporate law, sanctions, ESG lending, and collateral in tokens. We hope you will enjoy reading our overview.
Several providers of online games of luck and chance were recently confronted with the blocking of their websites by Swiss authorities. In two recent decisions, the Swiss Federal Supreme Court approved these blockings, confirming that foreign providers need to take appropriate technical measures from the outset to prevent their website from being blocked in Switzerland. Below, we provide a short overview of the legislative background of such blockings and the reasoning of the SFSC in its decisions. Moreover, we set out the most important considerations for foreign providers of online games of luck and chance in Switzerland.
Baker McKenzie’s Sanctions Blog published the alert titled Switzerland Adds to the List of Designated Individuals and Entities under Russia Sanctions on 3 August 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Switzerland partially implements seventh EU sanctions package on 4 August 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Baker McKenzie’s Sanctions Blog published the alert titled Switzerland implements sixth EU sanctions package on 1 July 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 25 May 2022, the Federal Council passed an amendment to the Price Disclosure Ordinance. The purpose of the amendment is to ensure clarity and comparability of prices and to prevent the use of misleading prices. This latest amendment was precipitated by federal court ruling 4A_235/2020, which caused uncertainty on the question of the timing of price disclosure in online trade.
It is well known that online booking platforms often contractually restrict the freedom of accommodation providers to set their own prices for the accommodation offered (so-called “price-fixing clauses”). A newly adopted amendment to the Swiss Act against Unfair Competition (UCA) now limits these as well as other practices of online booking platforms
Baker McKenzie’s Sanctions Blog published the alert titled Switzerland decides to adopt the EU’s sixth package of sanctions against Russia and Belarus on 13 June 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.