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A brief commentary on the Swiss Federal Supreme Court ruling 4A_659/2020
3 September 2021 - Publications - Written by Grégoire Mangeat
In a new ruling, the Swiss Federal Supreme Court has left open whether a bank has an obligation under supervisory law to disregard the instructions of a client if compliance with them would violate U.S. sanctions law (in the present case, the Countering America’s Adversaries Through Sanctions Act of 2017).
We shall cast some light on this decision with a brief commentary.
About the Author
Grégoire Mangeat
Grégoire Mangeat is one of the founders of MANGEAT and Former Chairman of the Geneva Bar Association (2016-2018). He is recommended by Legal 500 and a ranked lawyer by Chambers and Partners.
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