Word of the Week (WoW):Once a week I will post a new legal English term based on Swiss law.
9. April 2010 —According to art. 100(1) of the Swiss Code of Obligations (CO), an agreement entered into in advance, according to which liability for unlawful intent or gross negligence would be excluded, is null and void (see also WOW45/09). According to Swiss legal theory and case law, a person acts grossly negl…
2. März 2010 — German - English This list is an amendment of my last Blawg: Verein - Association Stiftung - Foundation in Liquidation - in liquidation in Nachlassliquidation - in liquidation with voluntary assignment …
16. Dezember 2009 — This week's WoW is unusual but not less helpful. Below you may find a list of all official Swiss legal forms as accepted by the Swiss Federal Commercial Registry Office: Deutsch English Einzelunternehmen Sole proprietorship Kollektivgesellschaft …
30. November 2009 — Explanation: Debt collection proceedings are the formal process for the settlement of an outstanding claim. In Switzerland, debt collection proceedings usually start with the introductory procedure, which consists of 4 stages: debt collection request (Art. 67 SchKG), summons for payment (…
16. November 2009 —Explanation: Limitation is a period of time within which a civil claim, a criminal action etc. can be prosecuted (time restriction for legal action). Examples: 1.) After ten years, all claims for which the federal civil law does not provide otherwise are barred by the statute of limitations (art. 12…
11. November 2009 —Explanation: Contra bonos mores is Latin meaning literally against good morals. An act contra bonos mores is offensive to - conscience - a sense of justice and - public policy. Example: According to art. 20 para 1 Swiss Code of Obligations, an agreement contra bonos mores is null and void. German tr…
10. November 2009 —Explanation: An escrow account is an account established by a broker for the purpose of holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction. Example: If you are buying a house, the escrow agent would hold the down payment you …
6. November 2009 —Explanation: Null means nothing or without value or consequence. It is derived from the Latin word nullus meaning none. In law, void means of no legal effect. An action, document or transaction which is null and void is of no legal effect whatsoever. Example: A contract providing for an impossibilit…
6. November 2009 —Explanation: Gross negligence is a conscious and voluntary disregard of the need to use reasonable care, which is likely to cause foreseeable grave injury or harm to persons, property, or both. Example: An agreement entered into in advance, according to which liability for unlawful intent or gross n…
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