Vischer represents a Swiss bank in a fiduciary investment dispute

In a dispute revolving around a fiduciary investment, Vischer successfully represented a Swiss bank. The Vischer team encompassed Thomas Weibel and Raphael Butz (both Litigation and Arbitration, pictured above).

Fiduciary investments enable bank customers to hold fix-term deposits with foreign banks in combination with tax savings. By definition, they are held in the name of the customer’s Swiss Bank. The investment risks, however, invariably all lie with the customer. The latter even bears the insolvency risk of the foreign bank, provided that the Swiss bank cannot be blamed for having chosen that bank, or that the customer gave specific instructions to the Swiss bank.