Morrison & Foerster LLP (JD Supra Switzerland)
2 results for Morrison & Foerster LLP (JD Supra Switzerland)
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Are We There Yet? Progress on International OTC Derivatives Reform
On 11 October 2011, the Financial Stability Board (the “FSB”) published its second progress report (the “Report”) and accompanying press release on the implementation of reforms to the over-the-counter (“OTC”) derivatives market. This follows its initial progress report published on April 15, 2011, in which it expressed concern regarding many jurisdictions’ likelihood of meeting the end of 2012...
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New Swiss law on recovery of “illicit assets” from 1 February 2011
Switzerland’s Federal Act on the Restitution of Assets of Politically Exposed Persons obtained by Unlawful Means (commonly referred to as the Return of Illicit Assets Act or “RIAA”) was passed by both houses of the Swiss Parliament in October 2010 and will become effective on 1 February 2011. The legislation is seen by many as marking a new era in Switzerland’s stance on asset recovery involving...