vogel law firm

• M&A In Switzerland: Still Attractive

Alexander Vogel, Andrea Sieber and Christoph Heiz of Meyerlustenbe... the review body (ie, the accredited audit firm or investment bank) reviewing and confirming compl...

• Mondaq Business Briefing
• Switzerland Law Articles in English

• New Regulatory Framework: Impact On Public Offers

... provide a valuation by an accredited audit firm or investment bank. The Takeover Board argued th...

• Mondaq Business Briefing
• Switzerland Law Articles in English

• The Significance of Switzerland's Enormous Current Account Surplus

Switzerland has had a long standing surplus on its current account. But over the past 15 years that surplus has surged to levels unmatched by nearly any other OECD country at any point. This paper looks at the surplus from a balance of payments vantage point as well as from the optic of the excess of national saving over domestic investment. It then seeks possible explanations for the uptrend and assesses whether it results to any extent from market, institutional or policy failures that could call for reforms. A number of important measurement issues are raised. But the key recommendation is that the authorities should prepare for a possible sharp increase in the value of the Swiss franc if and when investors engaged in the "carry trade" unwind their positions. To that end they should...

..., even if the ultimate owners of those firms are to a large extent resident abroad (think of th... market regulation (Duval, Elmeskov and Vogel 2007). Specific policy implications are as follows...

• Aussenwirtschaft; Zeitschrift für internationale Wirtshaftsbeziehungen
• Vol. 63 Num. 4, Décembre 2008