// Financial Law Update
Revision of the Swiss Collective Investment Schemes Act
On September 28, 2012 Swiss Parliament passed the revision of the Swiss Collective Investment Schemes Act. For Swiss standards, this is a relatively swift conclusion of a law-making process which started with the initiation of the consultation procedure in summer 2011. The new law is expected to enter into force in January 2013.
To read the full article in German, please click 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.