Switzerland: Financial Services

Kellerhals Carrard advised Spitäler Schaffhausen on a complex financing transaction involving a CHF 60 million subordinated credit agreement with Canton Schaffhausen and a CHF 100 million syndicated credit facility led by Zürcher Kantonalbank. The transaction enables the hospital to finance the renewal and development of its infrastructure following voter approval in a 2025 referendum.

In a ruling the Federal Supreme Court has held in 4A_454/2025 of 3rd March 2026 that PostFinance cannot refuse basic payment services to a client solely on the basis of US and UK sanctions designations where the client does not appear on any Swiss sanctions list.

Legal finance partnerships are tested not at the point of capital deployment, but during the complex, multi-year enforcement phase where judgments and arbitral awards must be converted into recoverable assets. This requires more than funding—it demands endurance, cross-border expertise, and patient capital that remains aligned throughout the entire recovery process, navigating procedural challenges, asset tracing, and evolving strategies across jurisdictions.

Traditional bank lending no longer dominates the middle-market capital landscape. Over the past decade, private credit has evolved into a significant and increasingly sophisticated source of financing for privately...

The escalating conflict in the Middle East — triggered by U.S.-Israeli strikes on Iran and subsequent Iranian attacks on Gulf states in early March 2026 — has set in motion...

The Berne Financial Services Agreement (BFSA) entered into force on 1 January 2026.

Der Schweizer Gesetzgeber schlägt eine Lösung vor für in der Schweiz ausgegebene Stablecoins, die eine staatliche Währung referenzieren. Emittenten solcher Instrumente sollen von...

Debanking first began reaching an international audience in 2023 as the British politician Nigel Farage revealed that his long-standing banker, had decided to abruptly close his accounts and show him the way out.

Currently, persons who acquire shares in a Swiss company and thereby hold at least 25% of its capital or voting rights...