One service that is particularly valued by clients is the publications we produce in different languages: clear, understandable articles and reports, and in-depth guides to specific legislation. Please find here our latest Lenz & Staehelin newsletters:
Bill to implement the recommendations of the Global Forum: Proposed abolition of bearer shares and further transparency provisions
On 17 January 2018, the Federal Council opened the consultation process for the proposed law to implement the recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes. In particular, the bill proposes the abolition of bearer shares (respectively their conversion into registered shares) and criminal fines for breaches of the duties to notify the ultimate beneficial owner and to keep a corresponding register of ultimate beneficial owners. Companies would under the proposed bill also be required to have an account with a Swiss bank.