Out of court, two bank clients unsuccessfully requested their bank to make available to them all of their bank internal personal data to prove that the bank performed speculative trades in derivatives without instructions and authorization. The High Court of the Canton of Zurich has now decided that the bank must allow these clients to examine the files based on data protection laws.
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Recent Posts
- Obligation of asset managers to pass-on distribution fees
- Revision of the Swiss Collective Investment Schemes Act
- Federal Council Adopts Dispatch on the Partial Revision of the Swiss Colletive Investment Schemes Act
- Increased Dynamics in the Regulation of Independent Asset Managers
- Distribution Fees and Retrocessions / Decision of the Zurich High Court of January 13, 2012
- Cross-Stream Loans as Concealed Distribution of Profits / Decision of the Federal Supreme Court of January 30, 2012
- Kick-Backs: A Hot-Button Issue / Decision of the Federal Supreme Court of August 29, 2011
- Examination of Bank Files based on Data Protection Laws / Decision of the Zurich High Court of October 1, 2011
- Delay in the Revision of the CISA
- Entitlement to Distribution Fees / Decision of the Federal Supreme Court of January 13, 2011
- Crowdfunding – a hot topic
- Bank Liability under Asset Management Agreement / Decision of the Federal Supreme Court of June 22, 2011 /
- Amendment of the Banking Act for Improved Deposit Protection
- Dispatch on amending the Stock Exchange Act adopted
- Revision of the FINMA Stock Exchange Ordinance
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