{"id":13117,"date":"2024-02-21T18:58:03","date_gmt":"2024-02-21T16:58:03","guid":{"rendered":"https:\/\/www.nexova.ch\/?p=13117"},"modified":"2025-10-09T21:24:24","modified_gmt":"2025-10-09T19:24:24","slug":"new-stock-corporation-law-what-are-the-relevant-changes-for-smes","status":"publish","type":"post","link":"https:\/\/www.nexova.ch\/en\/tax-and-legal\/new-stock-corporation-law-what-are-the-relevant-changes-for-smes\/","title":{"rendered":"New Stock Corporation Law: What are the Relevant Changes for SMEs?"},"content":{"rendered":"\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h1 class=\"blog-section-title\">New Stock Corporation Law: What are the Relevant Changes for SMEs?<\/h1>\n<figure class=\"wp-block-image size-large resp\"><picture><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2024\/11\/Cheese_1-edited-2-1900x761.jpg\" media=\"(min-width: 981px)\"\/><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2024\/11\/Cheese_1-edited-3-768x461.jpg\" media=\"(max-width: 980px)\"\/><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"lazyload wp-image-19197\"\/><\/picture><\/figure>\n\n\n\n<p><strong>The recently enacted stock corporation laws in Switzerland have brought about crucial changes to the existing regulations<\/strong>, some of which are especially relevant to small and medium enterprises (SMEs). <\/p>\n\n\n\n<p>These reforms aim to enhance capital flexibility, strengthen shareholder rights, and modernize rules for shareholder meetings to align with the digital era. In this blog, we outline the most significant changes to the law, and explain what you need to know about updating your company\u2019s statutes during this critical transition period.<\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Book a free initial consultation with our experts.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/book-a-call\/\">Book a call<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-highlights blog-section highlights\"><div class=\"blog-section-wrap\"><div class=\"blog-highlights\"><h2 class=\"section-title\">Highlights<\/h2><ul class=\"higlight-lists\"><li class=\"higlight-list\"><span class=\"higlight-icon\"><\/span><span class=\"higlight-content\"><strong>New stock corporation law<\/strong> increases <strong>capital flexibility<\/strong> and strengthens <strong>shareholder rights<\/strong><\/span><\/li><li class=\"higlight-list\"><span class=\"higlight-icon\"><\/span><span class=\"higlight-content\"><strong>Capital band<\/strong> enables <strong>Board of Directors<\/strong> to adjust share capital <strong>within 5 years<\/strong><\/span><\/li><li class=\"higlight-list\"><span class=\"higlight-icon\"><\/span><span class=\"higlight-content\"><strong>Virtual general meetings<\/strong> now possible, facilitates <strong>digital business processing<\/strong><\/span><\/li><li class=\"higlight-list\"><span class=\"higlight-icon\"><\/span><span class=\"higlight-content\"><strong>Minority shareholders<\/strong> with 5% capital can inspect <strong>accounts<\/strong>, <strong>influence<\/strong><\/span><\/li><li class=\"higlight-list\"><span class=\"higlight-icon\"><\/span><span class=\"higlight-content\"><strong>Interim dividends<\/strong> distributable, <strong>equity audit<\/strong> necessary for <strong>liquidity monitoring<\/strong><\/span><\/li><\/ul><\/div><div class=\"blog-content-list\"><h2 class=\"section-title\">Content<\/h2><ul class=\"content-lists\"><li class=\"content-list\">New Stock Corporation Law: What are the Relevant Changes for SMEs?<\/li><li class=\"content-list\">Highlights &#038; content<\/li><li class=\"content-list\">Background to the new stock corporation laws<\/li><li class=\"content-list\">More flexible capital structure<\/li><li class=\"content-list\">Virtual AGMs<\/li><li class=\"content-list\">Increased shareholder rights<\/li><li class=\"content-list\">Minority shareholder protection<\/li><li class=\"content-list\">Interim dividends<\/li><li class=\"content-list\">Increased responsibility to monitor liquidity and over-indebtedness<\/li><li class=\"content-list\">Do corporations need to update their statutes?<\/li><li class=\"content-list\">Nexova: Your trusted corporate guide<\/li><li class=\"content-list\">FAQ<\/li><\/ul><div class=\"more-button\"><span class=\"qicon q-arrow-down\"><\/span><\/div><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">Background to the new stock corporation laws<\/h2>\n<figure class=\"wp-block-image size-large resp\"><picture><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2025\/01\/AdobeStock_426700704_2-scaled-edited.jpg\" media=\"(min-width: 981px)\"\/><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/12\/AdobeStock_426700704_2-1024x487.jpg\" media=\"(max-width: 980px)\"\/><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"lazyload wp-image-20868\"\/><\/picture><\/figure>\n\n\n\n<p>After many years in the works, <strong>major reforms in company law in Switzerland were finally passed by Parliament in June 2020 and came into force on January 1st, 2023<\/strong>. The primary aims of the reforms are to make company formation and capital regulations more flexible, to increase shareholder rights, protect minority shareholders, and tighten the responsibility of the Board of Directors to monitor liquidity issues. <\/p>\n\n\n\n<p>The reforms are also geared to adapting to the modern digital age by allowing virtual AGMs among other updates.<\/p>\n\n\n\n<p><strong>We will highlight some of the most significant changes to stock corporation law in Switzerland and their relevance to SMEs:<\/strong><\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Book a free initial consultation with our experts.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/book-a-call\/\">Book a call<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">More flexible capital structure<\/h2>\n<figure class=\"wp-block-image size-large resp\"><picture><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2025\/01\/shutterstock_2147154075_2-scaled-edited.jpg\" media=\"(min-width: 981px)\"\/><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/12\/shutterstock_2147154075_2-1024x599.jpg\" media=\"(max-width: 980px)\"\/><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"lazyload wp-image-20862\"\/><\/picture><\/figure>\n\n\n\n<p>The new stock corporation laws bring about increased flexibility in capital structure through two main updates:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1.&nbsp;&nbsp;&nbsp; Capital band<\/h3>\n\n\n\n<p><strong>The \u201capproved share capital increase\u201d has been replaced by the \u201ccapital band\u201d.<\/strong> With this approach, the Board of Directors are authorized to increase or decrease the share capital within a predetermined range (capital band) within a maximum period of five years from when the approval takes place. <\/p>\n\n\n\n<p>While the precise limits of the increase\/decrease in share capital are decided at the general meeting, regulations stipulate that the maximum allowable increase or decrease is 50% of the current registered share capital.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2.&nbsp;&nbsp;&nbsp; Alternate currencies accepted<\/h3>\n\n\n\n<p>With the increasingly multi-national nature of the Swiss business environment, <strong>the new stock corporation laws allow companies to denominate their share capital in one of several foreign currencies <\/strong>alternative to the Swiss franc, including the euro, US dollar, British pound, and Japanese yen. All bookkeeping must be carried out in the same currency, and the minimum capital requirement of the equivalent of CHF 100,000 still applies.<\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Book a free initial consultation with our experts.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/book-a-call\/\">Book a call<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">Virtual AGMs<\/h2>\n<figure class=\"wp-block-image size-large top resp\"><picture><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/12\/AdobeStock_641640301-1024x683.jpeg\" media=\"(min-width: 981px)\"\/><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/12\/AdobeStock_641640301-1024x683.jpeg\" media=\"(max-width: 980px)\"\/><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"lazyload wp-image-12574\"\/><\/picture><\/figure>\n\n\n\n<p><strong>The new stock corporation laws recognize the evolving digital nature of business communication<\/strong>. As such, general meetings may now be held virtually. The meeting location may also be abroad and in several locations at once. <\/p>\n\n\n\n<p>It is even allowable to replace the actual AGM with a written circular resolution, and the chairman may be assigned the casting vote at the general meeting. This is particularly useful for SMEs conducting most of their business remotely with limited time and resources to organize a physical AGM in an office in Switzerland each year.<\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Book a free initial consultation with our experts.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/book-a-call\/\">Book a call<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">Increased shareholder rights<\/h2>\n<figure class=\"wp-block-image size-large top resp\"><picture><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/12\/iStock-1360847612-1024x681.jpg\" media=\"(min-width: 981px)\"\/><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/12\/iStock-1360847612-1024x681.jpg\" media=\"(max-width: 980px)\"\/><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"lazyload wp-image-12586\"\/><\/picture><\/figure>\n\n\n\n<p><strong>Any shareholder of an SME who holds at least 10% of the share capital or voting rights can request information about the company in writing from the Board of Directors at any time.<\/strong> Before the reforms, shareholders were limited to the right to information at the general meeting only.<\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Here you can easily calculate the costs of your accounting.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/accounting\/\">Price calculator<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">Minority shareholder protection<\/h2>\n<figure class=\"wp-block-image size-large top resp\"><picture><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/12\/shutterstock_1754591564-1024x683.jpg\" media=\"(min-width: 981px)\"\/><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/12\/shutterstock_1754591564-1024x683.jpg\" media=\"(max-width: 980px)\"\/><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"lazyload wp-image-11251\"\/><\/picture><\/figure>\n\n\n\n<p><strong>Shareholders of private SMEs with at least 5% of the share capital or voting rights now have the right to make proposals, put items on the agenda at the general meeting and call for an extraordinary general meeting<\/strong>. The previous threshold was 10%. <\/p>\n\n\n\n<p>Additionally, shareholders with 5% of the share capital have the right to inspect the books of the business and correspondence at any time without authorization from the general meeting insofar as it is necessary to exercise their shareholder rights and make informed decisions. <\/p>\n\n\n\n<p>The interests of the company that need to be protected are still excluded, but a refusal to provide certain information must now be justified in writing by the Board of Directors.<\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Book a free initial consultation with our experts.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/book-a-call\/\">Book a call<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">Interim dividends<\/h2>\n<figure class=\"wp-block-image size-large resp\"><picture><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2025\/01\/shutterstock_1558413353-scaled-edited.jpg\" media=\"(min-width: 981px)\"\/><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/10\/shutterstock_1558413353-1024x578.jpg\" media=\"(max-width: 980px)\"\/><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"lazyload wp-image-20864\"\/><\/picture><\/figure>\n\n\n\n<p><strong>Corporations may now pay interim dividends<\/strong>. The condition is that an interim balance sheet must be prepared beforehand which shows that there is freely distributable equity available. The same auditing rules apply to the interim financial statements as to the annual statements.<\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Here you can easily calculate the costs of your accounting.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/accounting\/\">Price calculator<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">Increased responsibility to monitor liquidity and over-indebtedness<\/h2>\n<figure class=\"wp-block-image size-large top resp\"><picture><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/12\/AdobeStock_384615060-1024x748.jpeg\" media=\"(min-width: 981px)\"\/><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/12\/AdobeStock_384615060-1024x748.jpeg\" media=\"(max-width: 980px)\"\/><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"lazyload wp-image-12559\"\/><\/picture><\/figure>\n\n\n\n<p><strong>The new stock corporation laws have tightened the Board of Directors\u2019 responsibility to monitor and act on over-indebtedness and liquidity issues<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Obligation to act on detection<\/h3>\n\n\n\n<p><strong>As soon as any of the directors have a justified concern about insolvency while monitoring the company\u2019s liquidity, they must take active measures to ensure the company remains solvent.<\/strong> In other words, the law now stipulates that simply recognizing the risk of insolvency makes it mandatory for the Board of Directors to act in response.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Mandatory audit with half capital loss<\/h3>\n\n\n\n<p><strong>Corporations which meet certain criteria may opt out of appointing an auditor to audit their financial statements. <\/strong>However, according to the new corporate laws (<a href=\"https:\/\/www.fedlex.admin.ch\/eli\/cc\/27\/317_321_377\/en#art_725_a\" target=\"_blank\" rel=\"noreferrer noopener\">Art. 725a OR<\/a>), if the most recent annual financial statements reveal that net equity (assets less liabilities) is less than half of the sum of the share capital, statutory capital reserve not repayable to shareholders and statutory profit reserve, the Board of Directors must take action to try to eliminate the capital loss. <\/p>\n\n\n\n<p>In addition, even if the company has previously opted out of the audit, they must now subject the most recent annual financial statements to a limited audit by an approved auditor appointed by the Board of Directors before it can be approved at the general meeting.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Resolving over-indebtedness<\/h3>\n\n\n\n<p><strong>Under the new company law, the Board of Directors is no longer required to immediately deposit the balance sheet with the bankruptcy court in the event of over-indebtedness<\/strong>. <\/p>\n\n\n\n<p>Instead, a deadline for resolving the over-indebtedness has been set by the law. If there is a reasonable prospect of resolving the over-indebtedness within 90 days of the audited interim financial statements being available, the company is allowed to attempt to remedy the situation on their own with the Board of Directors taking primary responsibility for doing so.<\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Book a free initial consultation with our experts.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/book-a-call\/\">Book a call<\/a><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-qweb-blog-section blog-section\"><div class=\"blog-section-wrap\"><h2 class=\"blog-section-title\">Do corporations need to update their statutes?<\/h2>\n<figure class=\"wp-block-image size-large resp\"><picture><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2025\/01\/shutterstock_4135849_2-scaled-edited.jpg\" media=\"(min-width: 981px)\"\/><source srcset=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2023\/12\/shutterstock_4135849_2-1024x502.jpg\" media=\"(max-width: 980px)\"\/><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"lazyload wp-image-20866\"\/><\/picture><\/figure>\n\n\n\n<p><strong>Most SMEs that drafted their statutes before January 1st, 2023, would contain provisions based on the old company law and which thereby contradict the new regulations<\/strong>. As such, the articles of association must be updated to be in accordance with the new laws by January 1st, 2025, at the latest.<\/p>\n\n\n\n<p>Aside from this legal requirement to update the corporation\u2019s statutes, it is in any case advantageous for SMEs to do so at the earliest. This is because it\u2019s not possible to benefit from the additional flexibility that the new company law offers SMEs while their own internal statutes restrict them to the old regulations. The articles of association can be updated at any time to be in accordance with the new laws, which is likely to be advantageous to SMEs on the whole.<\/p>\n\n\n\n<p>For more information on how to change a corporation\u2019s statutes, read our blog post on <a href=\"https:\/\/www.nexova.ch\/en\/tax-and-legal\/statutes-of-a-company\/\">company statutes<\/a>.<\/p>\n<div class=\"cta-block\"><p class=\"blog-section-content\">Book a free initial consultation with our experts.<\/p><a class=\"cta-button\" href=\"https:\/\/www.nexova.ch\/en\/book-a-call\/\">Book a call<\/a><\/div><\/div><\/section>\n\n\n    <section class=\"wp-block-qweb-blog-conclusion blog-section conclusion\">\n        <div class=\"blog-section-wrap\">\n                            <h2 class=\"blog-section-title\">Nexova: Your trusted corporate guide<\/h2>\n            \n                            <figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1080\" height=\"602\" src=\"https:\/\/www.nexova.ch\/wp-content\/uploads\/2026\/02\/Team_Patch_G2.jpg-1900x1059.jpg\" class=\"nexova-team-img nexova-green\" alt=\"Team_Patch_G2.jpg\" loading=\"lazy\" \/><\/figure>\n            \n            <div class=\"blog-section-content\">\n\n<p>In navigating the dynamic landscape of Switzerland&#8217;s new stock corporation laws, <strong>Nexova stands ready to help guide your SME through both the challenges and opportunities presented by these significant changes.<\/strong> Our expert team has deep knowledge of the nuances of the updated legal framework, ensuring that your company can best make use of the newfound flexibility in capital structure, embrace the digital age with virtual AGMs, and better safeguard your shareholders\u2019 rights. <\/p>\n\n\n\n<p>From embarking on the complex procedure of adapting your statutes to align with the new corporate laws, to ensuring the Board of Directors adhere to the new obligations for monitoring liquidity and over-indebtedness, <strong>Nexova provides you with in-depth guidance to facilitate a seamless transition for your business.<\/strong><\/p>\n\n\n\n<p>You can trust us to help you traverse the new corporate reforms effectively, therefore enabling your SME to thrive in the ever-evolving corporate environment shaped by Switzerland&#8217;s new stock corporation laws.<\/p>\n\n<\/div>\n        <\/div>\n    <\/section>\n    \n\n\n<section class=\"wp-block-qweb-blog-faq blog-section faq\"><div class=\"blog-section-wrap\"><h2 class=\"section-title\">FAQ<\/h2><p class=\"tx-large-size\">Answers at a click<\/p><div class=\"blog-faq\"><div class=\"faq-block active\"><div class=\"faq-title\"><h3>What is the capital band, and how can SMEs benefit from it?<\/h3><span class=\"plus-ico\"><\/span><\/div><p class=\"faq-text\" style=\"display:block\">The capital band allows the Board of Directors to adjust the share capital within a range approved by the general meeting\u2014either increasing or decreasing it. This provides SMEs with more flexibility to respond to economic challenges or opportunities.<\/p><\/div><div class=\"faq-block\"><div class=\"faq-title\"><h3>What is the deadline for adjusting the articles of association to the new stock corporation law?<\/h3><span class=\"plus-ico\"><\/span><\/div><p class=\"faq-text\" style=\"\">The articles of association must be updated by January 1, 2025, at the latest. However, it is recommended to make the adjustments early to take advantage of the flexibility offered by the new stock corporation law.<\/p><\/div><div class=\"faq-block\"><div class=\"faq-title\"><h3>Can general meetings now be held entirely virtually?<\/h3><span class=\"plus-ico\"><\/span><\/div><p class=\"faq-text\" style=\"\">Yes, under the new stock corporation law, virtual general meetings are permitted, even in combination with physical or written resolutions. This is particularly practical for SMEs operating internationally.<\/p><\/div><div class=\"faq-block\"><div class=\"faq-title\"><h3>What rights do minority shareholders have under the new stock corporation law?<\/h3><span class=\"plus-ico\"><\/span><\/div><p class=\"faq-text\" style=\"\">Minority shareholders holding at least 5% of the share capital can convene an extraordinary general meeting, request access to company records, and add items to the agenda.<\/p><\/div><div class=\"faq-block\"><div class=\"faq-title\"><h3>In which currencies can the share capital now be denominated?<\/h3><span class=\"plus-ico\"><\/span><\/div><p class=\"faq-text\" style=\"\">The new stock corporation law allows share capital to be denominated in foreign currencies such as the euro, US dollar, British pound, and Japanese yen, making it attractive for internationally active SMEs.<\/p><\/div><div class=\"faq-block\"><div class=\"faq-title\"><h3>What responsibility does the Board of Directors have in the event of imminent insolvency?<\/h3><span class=\"plus-ico\"><\/span><\/div><p class=\"faq-text\" style=\"\">In the case of justified concerns about insolvency, the Board of Directors must immediately take measures to secure liquidity. Additionally, in the case of over-indebtedness, a 90-day period is provided to resolve the situation.<\/p><\/div><div class=\"faq-block\"><div class=\"faq-title\"><h3>What does the reduction of the minimum nominal value of shares mean?<\/h3><span class=\"plus-ico\"><\/span><\/div><p class=\"faq-text\" style=\"\">The minimum nominal value of shares must now simply be greater than zero. This allows for a more flexible structuring of share capital, particularly when issuing smaller denominations of shares.<\/p><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>The recently enacted stock corporation laws in Switzerland have brought about crucial changes to the existing regulations, some of which are especially relevant to small and medium enterprises (SMEs). These reforms aim to enhance capital flexibility, strengthen shareholder rights, and modernize rules for shareholder meetings to align with the digital era. In this blog, we outline the most significant changes to the law, and explain what you need to know about updating your company\u2019s statutes during this critical transition period.<\/p>\n","protected":false},"author":5,"featured_media":12576,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","q_post_updated_date":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-13117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-and-legal"],"_links":{"self":[{"href":"https:\/\/www.nexova.ch\/en\/wp-json\/wp\/v2\/posts\/13117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nexova.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nexova.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nexova.ch\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nexova.ch\/en\/wp-json\/wp\/v2\/comments?post=13117"}],"version-history":[{"count":3,"href":"https:\/\/www.nexova.ch\/en\/wp-json\/wp\/v2\/posts\/13117\/revisions"}],"predecessor-version":[{"id":30911,"href":"https:\/\/www.nexova.ch\/en\/wp-json\/wp\/v2\/posts\/13117\/revisions\/30911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nexova.ch\/en\/wp-json\/wp\/v2\/media\/12576"}],"wp:attachment":[{"href":"https:\/\/www.nexova.ch\/en\/wp-json\/wp\/v2\/media?parent=13117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nexova.ch\/en\/wp-json\/wp\/v2\/categories?post=13117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nexova.ch\/en\/wp-json\/wp\/v2\/tags?post=13117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}