Effects of the revision of the Swiss Code of Obligations on existing companies limited by shares ("AG") and limited liability companies ("GmbH"):
Article appeared on the corporate newsletter of our quality partners in Switzerland Prager Dreifuss Law offices ( Zurich, 8008: Muhlebachstr.6, Bern, 3011: Schweizerhofpassage 7).
Contribution by corporate attorneys Marco Strahm (also a Notary) and Dr. iur. Hans-Ulrich Brunner.
On January 1, 2008 new provisions on the law of the limited liability compay (Gesellschaft mit beschränkter Haftung/GmbH), the law of the companies limited by shares (Aktiengesellschaft/AG) together with the total revision of the Commercial Register Ordinance came into force. These new provisions relate not only to the new companies that are being set up; they are also of relevance in relation to existing limited liability companies and companies limited by shares and the question arises as to what effect these amendments will have on them and in particular whether there will be any need to amend existing articles of association.