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October 2017

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International Correspondents

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Tax Relief

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  • Sponsored by Orrick Herrington & Sutcliffe
    The EU member state has amended its securitisation law to boost transactions regarding impaired receivables
  • Sponsored by Cleary Gottlieb Steen & Hamilton
    The rescue of two regional Italian lenders was carried out as a liquidation, not a resolution, which could undermine the credibility of EU rules on bank failures
  • Sponsored by Bär & Karrer
    The worst economic disaster since the great depression of 1929 took American and European banks by storm in 2008. The US, EU and Russia, among others, had to step in to save some of their banks from bankruptcy. Even certain German banks, symbols of the country's strength and prosperity, were on the verge of collapsing. Against this backdrop, the purpose of this briefing is to provide a high-level summary of the mechanisms in place to cope with the bankruptcy of a foreign bank in Switzerland.