ARTICLE
5 July 2024

Important Decision On The Expiration Of Board Members' Term Of Office

BK
Bär & Karrer

Contributor

Bär & Karrer is a leading Swiss law firm with more than 200 lawyers in Zurich, Geneva, Lugano, Zug, Basel and St. Moritz. Our core business is advising our clients on innovative and complex transactions and representing them in litigation, arbitration and regulatory proceedings. Our clients range from multinational corporations to private individuals in Switzerland and around the world. Most of our work has an international component. We have broad experience handling cross-border proceedings and transactions. Our extensive network consists of correspondent law firms which are all market leaders in their jurisdictions. Bär & Karrer was repeatedly awarded Switzerland Law Firm of the Year by the most important international legal ranking agencies in recent years.
In a landmark decision regarding the expiration of directors' term of office, the Swiss Federal Supreme Court (FSC) held that the term of office of board members not only ends if no timely re-election occurs...
Switzerland Corporate/Commercial Law
This article from Bär & Karrer is most popular:
  • in Europe
Urs Kägi’s articles from Bär & Karrer are most popular:
  • within Corporate/Commercial Law topic(s)
  • in Europe
  • in Europe
  • in Europe
  • with readers working within the Aerospace & Defence and Consumer Industries industries
Bär & Karrer are most popular:
  • within Intellectual Property, Antitrust/Competition Law and Insurance topic(s)

In a landmark decision regarding the expiration of directors' term of office, the Swiss Federal Supreme Court (FSC) held that the term of office of board members not only ends if no timely re-election occurs, but that resolutions taken by a shareholders' meeting convened by board members after the expiry of their term are null and void.

In our briefing, we look at the underlying facts of the case, the consequences of the court's decision and offer recommendations for situations where a deadline for re-election is missed.

To view the full article, click here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

[View Source]

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More