Froriep - Lexcast

In the middle of this year, the Federal Council presented a new legislation to screen foreign direct investment seeks to prevent threats to public order and security posed by foreign investors acquiring Swiss companies. In 2023, we will find out what will happen next. Switzerland is one of the world's largest recipients of foreign investment. Being open to inward foreign investment is of central importance for Switzerland as a business centre. The country must therefore remain attractive for foreign investment even if screening is introduced. However, in the last years Switzerland policy to remain open for investments was heavily discussed, when foreign investors acquired or invested in mid-size or large Swiss companies. In the future, further possible threats are expected in particular from investors with ties to foreign governments. The acquisition of Swiss companies by foreign state-owned companies or by investors with ties to foreign governments should therefore be made subject to approval in all sectors.

The increase in cyber incidents, as well as record-high fines for tech companies for failing to comply with data protection rules, have significantly undermined the trust that previously existed between users and providers of digital tools. Therefore, the Swiss Digital Initiative (SDI) intends to increase user trust by launching the Digital Trust Label. Sarah Gädig and Nicolas Zahn talked about this initiative to Marco Meier and Cornelia Mattig of MLL. Their chat highlights the strategy used by the SDI to foster digital trust, which is based on a comprehensive analysis and a corresponding Whitepaper.   Although the Digital Trust Label is neither a tool for compliance nor a substitute for legal requirements that companies need to fulfil, it shows that a provider is willing to go the extra mile and may, thereby, foster trust in its digital tools. One of the major compliance topics this year is the implementation of the revised Swiss Data Protection Act. The Swiss Data Protection Act is scheduled to enter into

As 2021 draws to an end MLL looks forward to 2022 and wonders what it holds. Listen to our specialists from across our offices talking about what legal trends they see in coming in the year ahead.   They talk to Cornelia Mattig about upcoming legal changes regarding the legality of cannabis products in Switzerland (Daniel Haymann), changes in the area of IP (Andrea Schäffler). Theay also talk about the upcoming company law revision (Marc Baumberger). The reference Marc Baumberger makes in his preview can be found here.  Moreover, they talk about the necessary preparations for the revised Federal Data Protection Act (Marco Meier) and the possibility of virtual shareholder meetings and the impact of this change for the work of notary publics (Davina Stalder).   With this summary of some of the major legal issues that await us in 2022, we would like to wish all of you a successful, healthy and happy year ahead.    Tune in and find out what 2022 has in store for our speakers, MLL and you!

Environmental, social and corporate governance or short ESG is a term that can no longer be avoided. More and more stakeholders call on businesses to stop burying their heads in the sand regarding topics such as environment or social matters. This trend was also reflected concerning the vote on the Responsible Business Initiative. Although the initiative was rejected, there was a government-backed counterproposal that will now enter into force in 2022 as a result of this rejection. This means that Swiss businesses will have to adhere to new reporting and due diligence duties. If you want to find out if these new obligations also impact your business, tune in to our latest LexCast with Alexander Vogel, Peter Hiltner and Cornelia Mattig. They will discuss what the new rules in the Swiss Code of Obligation regarding ESG mean for Swiss companies and what effect this will have on them. Do you agree with the assessment of our speakers? Do let us know!

MLL has established a Cybersecurity Incident Response Hub, putting the issue of cybersecurity and how to help clients respond top of the agenda for the new firm. Although the topic is already gaining more and more attention, many businesses still underestimate the risk of a cybersecurity incident. This is particularly true for SMEs. In fact, about two-thirds of Swiss SMEs have already been the target of a cybersecurity attack. In this LexCast, Nicola Benz tells Cornelia Mattig about the newly established Cybersecurity Incident Response Hub at MLL, the biggest challenges relating to cybersecurity today, whether it is legal to pay a ransom and what businesses should keep in mind. Tune in and find out if your business is ready to tackle a cybersecurity incident!

The fashion industry is an important and huge player in business nowadays; hence, it is clear that like many other industries, it faces disruptions from start-ups aiming to change how this sector works. In particular, this includes working on creating a more sustainable fashion industry. Xenia Rivkin and Cornelia Mattig will be discussing in this LexCast what start-ups that would like to disrupt this industry have to consider when starting. Like any business, a fashion start-up must consider issues ranging from corporate, contract, intellectual property, e-commerce, data and marketing, regulatory, export and import, tax to labour matters. However, in our opinion, to stand out and to set their business apart from the big existing players, they will have to put a strong focus on corporate social responsibility and sustainability to appeal to woke consumers. Tune in and find out what traditional legal issues to keep in mind and how you can show that you are committed to keeping your brand sustainable.

This episode of FRORIEP LexCast is about decentralised autonomous organizations (DAO) as governance vehicle and the HOPR protocol, which is a privacy preserving communication layer. The host, Ronald Kogens and his guest Sebastian Bürgel are talking about the HOPR protocol, why autonomous governance exists, why people are turning into such organisations, how to balance the power of collective intelligence and how you can identify a legitimate decentralised autonomous organisation (DAO). Note: the show is not legal or investment advice and only for educational and entertainment purpose.

In this special LexCast edition, we will be talking about start-up stories as we are not able to do so at our Spring Start-up Stories Night due to the coronavirus pandemic. Despite this slightly different set-up Jürgen Galler of 1PlusX AG agreed to present his company and share three stories with us. The first story focuses on 1PlusX AGs path to find the appropriate employee participation scheme, resulting in the use of three different programs. Marco Fusi of MLL then puts these three different approaches in perspective and highlights what start-ups should consider when deciding on the appropriate participation scheme. The second story then looks at contractual challenges in an international setting, which is a key challenge for international agile companies as pointed out by Jürgen and Cornelia Mattig of Froriep. The growth and expansion of 1PlusX AG led to them being active worldwide. As a result of its global activity, the business has to tackle compliance and contractual challenges because of the mere

As 2020 comes to an end FRORIEP looks forward to 2021 and wonders what it holds. Listen to our specialists from across our offices in London, Zurich, Madrid, Geneva and Zug talking about what they see on FRORIEP’s horizon, what they look forward to and what legal questions they hope will be clarified in the coming year.   They talk to Xenia Rivkin and Cornelia Mattig about new legal provisions in the fields of corporate law (Evelien Zemp), financial institutions (Natalia Hidalgo), arbitration (Tomás Navarro), possible developments in the field of sustainable law (Laura Tscherrig), a new decision impacting the classification of CBD (Daniel Haymann), New Year’s Resolutions for inhouse counsels, entrepreneurs and businesses alike (Romina Brogini) as well as a new insolvency law knowledge base which will be provided by FRORIEP (Yannik Hässig).   Tune in and find out what 2021 has in store for our speakers, FRORIEP and you!   If you want to know more about a specific topic, listen to our upcoming LexCasts, visit o

On 29 November 2020 the Swiss people will vote on the Responsible Business Initiative. The initiative proposes a due diligence obligation for Swiss-based multinational companies as well as a liability provision to hold them accountable for human and environmental rights violations abroad. As for the due diligence duty, our team addresses which companies are targeted and what measures will have to be taken by such companies as well as the counter-proposal introduced by the Swiss Parliament and similar legislation in other countries. With regard to the liability provision, you will learn who can be held responsible, what liability concept the Initiative proposes and whether it is a novelty in the international legal landscape. Listen to our LexCast by our associates Tomás Navarro Blakemore and Xenia Rivkin to learn more or read our two dedicated Blogs . The present LexCast is part of FRORIEP's series on the Responsible Business Initiative.

In this LexCast, we will be talking about LegalTech and its impact on Swiss firms and in particular Swiss law firms. LegalTech is currently rising all over the world and increasingly enters the traditional legal market. With its Focus Area "AI and Digitalisation" Froriep has already delved into the field of digitalisation and now takes a closer look at LegalTech during this LexCast. Benedikt Schuppli of FQX AG and Céline Spillmann of CASUS Technologies AG have agreed to give Cornelia Mattig, who is part of Frorieps Focus Area "AI and Digitalisation", some insight from their experience of working for two completely different LegalTech businesses. On the one hand, we have Benedikt who is a lawyer by training but currently functions as co-founder and COO of FQX AG, a Swiss Legal FinTech company. FQX AG built an infrastructure to issue and transfer electronic promissory notes to be used for financing between institutional investors and large corporations. Despite not being a traditional LegalTech company, FQX AG

Ethics and luxury in the same sentence is not a new trend but has been around for some time. In particular, in the jewellery industry there exist a set of Responsible jewellery standards. Tomás Navarro Blakemore, Associate at FRORIEP, Pauline Evequoz, Sustainability Manager at Chopard and Diana Culillas, Secretary General of the Swiss Better Gold Association (SBGA)  discuss the importance of these standards particularly for the inclusion of the various actors in the supply chain. Notwithstanding the foregoing, our guests also highlight the challenges they bring for smaller businesses when managing the related risks and improving the sustainable practices in the industry. The speakers also address the Responsible Business Initiative calling multinationals to respect human rights and the environment in their activities in Switzerland and abroad. The initiative was launched following the introduction of the UN Guiding Principles on Business and Human Rights in 2011. It seeks to introduce Human Rights due diligen

The European Commission recently announced that all CBD Novel Food applications are put on hold while it reviews whether CBD should not be classified as a food, but instead as a narcotic under the United Nations Single Convention on Narcotics of 1961. This re-classification could potentially have wide-ranging and detrimental consequences on a fast-growing industry in Europe.   Listen to the discussion between Daniel Haymann and Kai-Friedrich Niermann who is one of the leading authorities in Germany on all regulatory questions relating to cannabis, and in particular CBD. During the discussion the speakers focus on the confusion surrounding the potential re-classification of CBD in Europe. Also, you can look forward to a short announcement at the end of the episode. 

In this episode, Daniel Haymann talks Juan Fernando Baron of Rele.ai about shareholder agreements and one particular type of clause that is essential to these agreements, namely transfer restrictions. They explore various forms of transfer restrictions such as the right of first refusal, drag-along and tag-along rights, purchase options with triggering events as well as permitted transfers. The speakers then discuss the benefits of incorporating transfer restrictions into a startup's shareholder agreement from the beginning. Listen to our LexCast to refresh your memory on the various types of transfer restrictions in shareholder agreements to make sure you have considered your options!

Mark Montanari talks with Cornelia Mattig about the obligation to issue a prospectus and the exemption to this general rule when bonds and convertible bonds are publicly offered. Listen to our LexCast to know what you have to consider when issuing a bond or a convertible bond in Switzerland!

The coronavirus pandemic continues to dominate our everyday lives. The Federal Council is now gradually easing the measures and lifting bans. As of 6th June 2020, further businesses and institutions will be allowed for reopen. This continues to raise a number of questions for employers on how to ensure a safe return to the workplace. Andrea Trost will discuss this together with Cornelia Mattig in our first LexCast recorded remotely.

If you have missed our event on shareholder exit and liquidity events on 27 February 2020, then check out our latest LexCast on which Leti McManus, Vincenzo Braiotta and Benjamin Dürig agreed to share their main takeaways from the event. The podcast is moderated by Cornelia Mattig. #startups #business #M&A #investment #IPO #switzerland #liquidity #strategy #exit check out for more by visiting FRORIEP‘s website.

In this LexCast, Pascal and Alex of Wingman, a company helping start-ups to build successful companies, chat with Daisy and Cornelia about their experience with new companies. We talk about their experiences while identifying and discussing legal pitfalls ranging from ip-related issues to contractual topics that founders may encounter when launching their business.

Work relationships are changing significantly so that we may even speak of an HR transformation. In this episode of LexCast, we are going to hear from our employment law expert Polia Rusca on current trends in this regard. Tune in and be prepared!

Mark talks with Cornelia about the newly proposed amendment of the Collective Investment Schemes Act by the Federal Council. The changes are intended to create a new fund category called Limited Qualified Investor Fund. This Fund would not need an authorisation or approval from FINMA nor would it be supervised by FINMA. Also, check out our Blog.