// Financial Law Update
FinSA at the gates – an overview
On June 15, 2018, Swiss Parliament passed the Financial Services Act (“FinSA”) and the Financial Institutions Act. End of June / beginning of July, LGT Bank (Switzerland) AG hosted a series of events for external asset managers to discuss the new laws which are expected to enter into force in January 2020. In this context, Christian Koller presented the FinSA. His speaker notes may be found here.
NFTs in Metaverse: Do Trademark Owners need to register their Trademarks for Virtual Goods and Services?
“Nike Sold an NFT Sneaker for USD 134’000”: This York Times headline of May 26, 2022 and similar headlines regarding virtual goods in Metaverses or NFT Trade Platforms have made us realize that NFTs are not only for digital art but also a huge market for brand products.
New Proposal for Swiss Corporate Tax Reform
The Steering Committee representing the cantons and Swiss Federation issued its recommendation regarding the implementation of a modified corporate tax reform to the Swiss Federal Council on June 1, 2017. The corporate tax reform has been renamed the Tax Proposal (“T.P. 17”) and is, in general, based on the Corporate Tax Reform III (“C.T.R. III”), which was rejected on February 12, 2017, by Swiss voters.