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New Rules on the Disclosure of Beneficial Owners and the Death Knell for Bearer Shares
On 21 June 2019, the Swiss Federal Assembly passed the Federal Act on the Implementation of the Recommendations of the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Act) into law. The Act sounds the death knell of bearer shares for non-listed companies. It also introduces criminal law sanctions for breaches…
Reference: CapLaw-2019-39