Swiss public rejects establishment of domestic trust

News Team, 18/09/2023

The Swiss Federal Council has concluded that there is "no sufficient political consensus" for the establishment of a Swiss trust. 

Since the entry into force of the Hague Convention on Trusts in 2007, foreign-incorporated trusts have been recognised in Switzerland.

In order for Swiss actors not to have to use a foreign trust, the Swiss parliament instructed the Federal Council to introduce the Swiss trust in the Code of Obligations.

The Federal Council sent a ...

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