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  • Business Judgement Rule applies in Switzerland The Swiss Federal High Court expressly acknowledges the applicability of the Business Judgment Rule in Switzerland in his recent decision 4A_74/2012 of 18 June 2012 E. 5.1 (published by the end of last week)The business judgment rule reflects inter alia the fiduciary duty and the duty of care. It was first established in the US. A test was construed[1] as a guideline for satisfaction of the business judgment rule. Directors in a business should: act in good faith;act in the best interests of the corporation;act on an informed basis;not be wasteful; andnot involve self-interest. Under the business judgment rule, a US court “will not substitute its own notions of what ...
    Posted Sep 18, 2012, 2:05 AM by Sascha Stocker
  • New Word of July 25, 2012 + Absorptionsfusion, die - merger by absorption  + Aktivenüberschuss, der - asset surplus  
    Posted Jul 25, 2012, 5:31 AM by Sascha Stocker
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