Switzerland: Forced conversion of bearer shares of unlisted companies beginning 1 May 2021

Switzerland: Forced conversion of bearer shares

As of 1 May 2021, the Commercial Registry will proceed to the forced conversion of bearer shares of unlisted companies.

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Companies that still have bearer shares must proceed to the forced conversion of such bearer shares. This forced conversion will have adverse consequences on the shareholders rights, and can result in permanent loss of shareholder status and share cancellations.

To address this eventuality and its consequences, companies need to consider converting the bearer shares into registered shares as soon as possible (and before 30 April 2021).

Read an April 2021 report prepared by the KPMG member firm in Switzerland

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