Europe/Switzerland - Page 4
Swiss banks face four-day deadline over US penalties
Swiss banks have only four working days left in which to decide whether to give client information to the Department of Justice or to face prosecution.
Swiss banks accept 50pc fines as price of 'legal certainty'
Up to about 100 second-tier Swiss banks are facing penalties of up to 50 per cent of the value of assets which were hidden with them by US citizens.
Swiss-US accord will raise veil on professional advisers
A fast-track agreement between the US tax authorities and Swiss banks will lead to the disclosure of third party advisers and other professionals who were involved in tax evasion schemes.
Credit Suisse upgrades data software for legal and compliance
Global financial services giant Credit Suisse has implemented a new software to improve the efficiency and management of its legal and compliance services.
Matrix Chambers launches in Geneva
London's leading public interest barrister set Matrix Chambers is going international with the launch of its first office in Geneva.
Banks exit over Swiss compliance costs
Rising compliance costs are among the main factors why some of the world's banks are leaving Switzerland.
Swiss court blocks data handover
The transfer of former Credit Suisse employee data to US tax enforcers has been halted following an injunction by a Swiss court, a lawyer has claimed.
Swiss bar condemns secret US tax deal
The head of the Swiss Bar Association has slammed a secret deal between Bern and Washington over Swiss banks' alleged complicity in tax evasion by Americans.
Swiss lawyers brace for US tax investigations
Financial lawyers in Switzerland are sweating over a cabinet proposal which may release their names - along with tax advisors and asset managers - to US tax evasion authorities.
TwoBirds announces Swiss deal
London law firm Bird & Bird has confirmed it has signed a strategic cooperation agreement with Swiss law firm BCCC Avocats to boost its offering in the jurisdiciton.
Nestle found liable for spying
Swiss food company Nestlé has been found liable in a civil case over the infiltration of campaigning groups, seriously damaging links with activists the company had been desperate to forge.
Swiss bank to fold after paying landmark fine
Wegelin & Company -- Switzerland's oldest private bank -- is to shut its doors after executives put up their hands to charges of assisting Americans avoid US tax.
Talking it over
A British-built, Confederate-flagged American Civil War battleship put Switzerland on the international arbitration map. Jonathan Ames talks to the lawyers who want to keep it there
Still bankable
Switzerland's banking sector has had a rough ride, with high-profile fraud, tenacious foreign taxmen and beefed up domestic regulation all bearing down. But headaches for bankers mean boom times for local lawyers
Financial watchdog hits UBS with £30m fine
British regulators today slapped Switzerland's biggest bank with a £30 million fine following the fraud conviction of a rogue trader last week.
Decade-long Tyco dispute ends
A pay-packet battle waged between Swiss security systems company Tyco International and its former chief executive Dennis Kozlowski has ended after almost 10 years of litigation.
Arbitration the Swiss way
Switzerland is an arbitration destination of choice for many, regularly modernizing its arbitration framework to remain so.
Switzerland: duty free shopping
Three leading firms bagged roles in a $1.3 billion private equity deal that has seen investor Silver Lake and investment management firm Partners Group agree to purchase Swiss duty-free shopping company Global Blue.