CapLaw-2015-30

  • Stricter Limitations on Intra-Group Financing Arrangements Following Swiss Federal Supreme Court Ruling

    Pursuant to the Swiss Federal Supreme Court’s ruling 4A_138/2014 of 16 October 2014 (BGE 140 III 533), up-stream and cross-stream loans which are not at arm’s length block an intra-group lender’s freely distributable equity and limit dividend distributions in the amount of any such up-stream or cross-stream loan. In the same ruling, the Swiss Federal Supreme Court ended a…

    By

    Marc Hanslin

    /

    Roland Lüthy

    Reference:
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