Philipp Fischer’s commentary on CDBF’s definition of a claim in professional liability insurance

The Federal Supreme Court of Switzerland confirms that when a bank is hit by internal fraud affecting multiple clients, each loss can count as a separate claim with a separate deductible. If no individual claim exceeds the deductible, the insurer pays nothing. A costly reminder of the importance of precise wording in professional liability insurance policies.

Philipp Fischer shares his insights on the legal implications of this development for Swiss-based financial service providers in a commentary published by the Centre de droit bancaire et financier (Center for Banking and Finance Law of the University of Geneva):

French original : https://cdbf.ch/1412/
English : https://cdbf.ch/en/1412/
German : https://cdbf.ch/de/1412/

Antoine Amiguet will speak at the Friends of Funds on June 3rd

On June 3rd at 5:30 PM, our partner Antoine Amiguet will speak at the Friends of Funds event to discuss the regulatory developments in the Swiss financial services industry — and what lies ahead.
Since the Financial Services Act (FinSA) came into force, the regulatory landscape has evolved significantly, reshaping the entire industry. Five years on, where do we stand? What challenges remain at both the Swiss and EU levels? A timely discussion for legal, compliance, and asset management professionals.
Registration: Friends of Funds – Inscription

Newsletter- VAT

OBERSON ABELS SA invites you to read its May Newsletter on VAT and acquisition tax.

Newsletter – VAT

Journées de la Prévoyance 2025 – 21-22/22-23 may

OBERSON ABELS SA looks forward to seeing you at the Journées de la Prévoyance 2025!

A key event in the 2nd pillar, the Spring Sessions welcome some 300 professionals to Montreux each year to discuss the challenges of pension planning.

Geneviève Page, Frédéric Vuilleumier, Antoine Amiguet and Vanessa Déglise will co-host the following workshops:
Taxation – Current developments and tax practices in occupational benefit planning
Legal – Current developments and case law in pension planning

2nd edition of the key Swiss VAT commentary “Bundesgesetz über die Mehrwertsteuer (MWSTG) / Loi fédérale régissant la taxe sur la valeur ajoutée (LTVA)”.

The 2nd edition of the reference commentary on Swiss VAT “Bundesgesetz über die Mehrwertsteuer (MWSTG) / Loi fédérale régissant la taxe sur la valeur ajoutée (LTVA)” is now available.

Edited by Martin Zweifel, Michael Beusch, Pierre-Marie Glauser and Philip Robinson, this bilingual commentary (DE/FR) offers a comprehensive, critical and up-to-date analysis of VAT legislation, case law, administrative practice and doctrine.

New topics include the consequences of the reform of the Value Added Tax Act on January 1, 2025 in the following areas:
– The fiction introduced in the field of subsidies,
– Taxation of digital platforms in the context of the supply of goods,
– Extension of the exclusion from taxation of health services, participation in sporting events, the supply and management of investment groups, investment foundations, public services and travel agencies,
– Mordifications in the field of acquisition tax,
– Changes to the net tax liability rate method,
– Procedures for the annual tax statement.

A huge bravo to our associates Pierre-Marie Glauser, Xavier Oberson, Alexandra Pillonel and Anne Tissot Benedetto, whose contributions enrich this book.

Available for purchase here : Bundesgesetz über die Mehrwertsteuer (MWSTG)/Loi fédérale régissant la taxe sur la valeur ajoutée (LTVA) – Zweifel, Martin, Prof. Dr. iur.; Beusch, Michael, Prof…. – Helbing Lichtenhahn Verlag

Book signing to mark the release of “Taxer l’Intelligence Artificelle” by Xavier Oberson

We are pleased to announce that the French version of our partner Prof. Xavier Oberson’s book “Taxing Artificial Intelligence”, published by BSN Press, is now available.

To celebrate this publication, a book signing will take place on May 22, 2025, from 5:30 to 7:00 pm, at the Payot bookshop, Rue de la Confédération 7, 1204 Geneva.

Many congratulations to Xavier Oberson on this fine achievement!

Prof. Sébastien Bettschart, speaker at the 39th Law Marathon

The 39th Law Marathon organized by the Geneva Bar Association returns this year on Saturday May 10 for a new edition devoted to the fields of private law.
Our partner Prof. Sébastien Bettschart will present the latest developments in company law, limited liability company law, merger law and commercial register law.

Information and registration: 39e Marathon du Droit

 

Is there any such thing as a happy tax? Xavier Oberson explains

Tune in this Thursday!

 

Join our partner Xavier Oberson in Avenir Suisse’s podcast La Parole aux Romands | fr, alongside Pascal Broulis and hosted by Diego Taboada.

A fascinating discussion around the theme “Does the happy tax exist?”

Among the questions addressed:

– What makes a good tax?

– Is inheritance tax a good tool?

– Should artificial intelligence be taxed?

An exchange rich in perspectives on the future of our taxation system, available from this Thursday on the streaming platforms of La Parole aux Romands!

Pioneering Swiss Law Firm OBERSON ABELS Goes Live on iManage Cloud

OBERSON ABELS SA is very proud to be the first Swiss law firm to adopt iManage Work from a Swiss-based cloud. The migration to iManage Cloud has been a success, enabling us to manage our documents and e-mails on a proven, secure and market-renowned platform. This choice opens up new prospects for the firm: optimizing our expertise while enabling our customers to benefit from the winning combination of our first-rate skills and the latest technological developments.

See related articles: Message from iManage, Message from iManage, OA LinkedIn

 

Legal Update – The EU Omnibus Package – Key Changes and Potential Impact

Please find attached our latest Legal Update on sustainable finance, which highlights key changes introduced by the EU Omnibus Package and explores their potential implications for Swiss entities.

250415 OASA Legal Update – The EU Omnibus Package – Key Changes and Potential Impact