Greater legal protection for the trust business
Berne, 4.4.2007 - The imminent ratification of the Hague Trust Convention will create a firm legal basis for Switzerland's growing trust business. The Convention will enter into force on 1 July 2007. At the same time, on Wednesday the Federal Council enacted parallel amendments to Swiss federal legislation on international private law (the IPRG), and debt enforcement and bankruptcy (the SchKG).