The Swiss Federal Council recently adopted reports on two EU directives: the first report concerns measures around the recovery and confiscation of illicitly acquired assets (“First Report”), the second report deals with measures around the violations of restrictive measures (“Second Report”) (find the official press release here). Both reports compare the existing EU directives, both adopted and published on 24 April 2024, with current Swiss law. Asset recovery and confiscation The First Report analyses the…
On 6 November 2024, the Swiss Federal Council announced the implementation of new, albeit limited, sanctions against the Islamic Republic of Iran, which entered into force on 7 November 2024. This update to the Ordinance on Measures against the Islamic Republic of Iran (“Iran Ordinance”) primarily targets goods and technology related to unmanned aircrafts, along with an expansion of the list of designated parties involved in this sector. Reorganization and extension of restrictions on goods…
Reminder: No-Russia IP Clause As announced in our previous blog post on the Swiss government’s implementation of the EU’s 14th Russia sanctions package in the Ordinance on Measures in Connection with the Situation in Ukraine (“Ukraine Ordinance”), new intellectual property rights-related restrictions against Russia will come into effect on 26 December 2024 (see previous blog post here). Under these new restrictions, parties transferring intellectual property to third country counterparties must contractually prohibit the reexport thereof…
On 30 October 2024, the Swiss Federal Council announced the adoption of further sanctions against Belarus (the official media release can be viewed here). These new measures mirror those imposed by the EU against Belarus on 29 June 2024 (see blog post here) and increase consistency between the Ordinance on Measures against Belarus (“Belarus Ordinance”) and the EU Belarus sanctions. However, as could be observed in the context of Switzerland’s last round of sanctions imposed against…