Switzerland: 2005 was a good year for Swiss firms. The country's bluechips reported their highest-ever earnings and there is healthy optimism among Zurich's leading lawyers. Coupled with the Europe-wide M&A revival, firms have pointed to a surge of regulatory work as a reason to be looking forward to 2006. James Illman reports
January 25, 2006 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
For a country famed for its ability to comply with timetables, the current resistance to falling into line with international norms on private banking can seem at odds with the national stereotype.
Switzerland is under huge pressure to relax its famous banking secrecy laws, in line with international moves to reveal the identities of private account holders in the post-9/11 climate.
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