Wicki Partners AG assisted Olma Messen St.Gallen cooperative in its transformation into a public limited company

Last Friday, April 28, 2023, was a historic day for the Olma Messen St.Gallen Cooperative: the Cooperative Assembly unanimously approved the transformation of the tradition-steeped cooperative into a forward-looking, agile public limited company.

The partially revised Money Laundering Ordinance-FINMA was published

In connection with the revision of the Anti-Money Laundering Act, the Swiss Financial Market Supervisory Authority FINMA has partially revised the Money Laundering Ordinance-FINMA. It will enter into force at the same time as the revised Anti-Money Laundering Act on January 1, 2023. The amendments take into account the most important recommendations of the country report of the Financial Action Task Force (FATF).

Revision of company law | Part 1: Capital and reserves

The revision of the company law (expected to be in force from 1 January 2023) brings some changes such as the share capital in foreign currency, the adjustment of the minimum nominal value or the capital band. We summarise these and outline the possible implications for practice.