Switzerland is in a state of flux. True, the economy avoided recession following the Swiss National Bank’s (SNB) unpegging of the franc, and its subsequent appreciation against the euro. But perception is everything. And ￼the country’s enduring competitive appeal seems uncharacteristically muted.
Transparency, regulation and consolidation are clearly taking their toll on Swiss banks, while some multinationals remain wary of the anti-business narrative emerging from populist referenda. For Swiss lawyers, the outlook is therefore uncertain.