>
Date: Wed, 14 Jun 2000 07:28:20 -0700
X-Mailer: Mozilla 4.72 (Macintosh; U; PPC)
To be exact, the law will now go the Parliamentary Commission and
probably reach Parliament during the fall or winter session. If there is
no referendum, 100 days after the parliamentary vote it will become law
i.e. earliest in Jan/Feb 2001 but more realistically by March/April
2001. The deputee Mrs. Spoerri (rad. Zurich) plans to sponsor an
amendment to separate the 1 centime share from "the loi des fusion" and
include it as a formal change in the "droit d'action".
Christian Simm
Swiss Science & Technology Office, San Francisco
-------- Original Message --------
From: "Laurent Mieville" <laurent_at_mieville.ch>
Modification: The bill will have to go through parlement.
> -----Original Message-----
> On Behalf Of Laurent Mieville
>
> Hi all,
>
> FYI, Best, Laurent M.
> ---------------------------------------------
> The Conseil Fédérale decided yesterday to lower the nominal value of Swiss
> shares to 1 centime. This was done as part of the new law on mergers ((loi
> sur les fusions). This decision is final and needs no further approval by
> Parliament. The new loi sur les fusions is also a significant
> simplification
> from the past and will help the creation and growth of small and medium
> enterprises as well as simplify and lower costs for large
> corporations. (see
> l'agefi 14.6.00 pages 1, 2 and 4.)
>
> After the recent change of OFAS regulations allowing Pension
> Funds to invest
> in venture capital and to increasingly invest outside Switzerland, this is
> the second major acceptance of Le Réseau's 7 point program.
>
> We still have three major issues to solve: the taxation of Options,
> increased work permits for high-tech personnel and multiple taxation of
> private investors in VC Funds.
>
> -----------------------------------------------------
> Laurent Miéville
> Bureau de transferts de technologies et de compétences Unitec
> Université de Genève
> Tél.: 022-705 76 92
> Fax: 022-329 42 90
> mailto:unitec_at_unige.ch
> http://www.unige.ch/unitec/
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Received on Wed Jun 14 2000 - 07:26:40 PDT
