Modernisation of the Commercial Register
On 1 January 2021, the new Commercial Register Ordinance ("Ordinance") came into force. Thanks to this modernisation, the Commercial Register can continue to fulfill its important function to service and support the security and efficiency of legal transactions. In addition, the economy will benefit from lower fees. Certain provisions under the Swiss Code of Obligations ("CO") and the Ordinance with regard to the central database of persons had already begun to apply during 2020.