The introduction of class actions has been discussed in Switzerland for over ten years. Yesterday’s decision by the Council of States to vote against the proposal means it is now off the table. Among other things, this was due to fears of high risks of abuse, a possible overloading of the courts and negative effects on the established culture of litigation. SwissHoldings welcomes this decision, which ensures legal certainty and continuity.

The Legal Affairs Committee of the Council of States voted against introducing class action lawsuits into Swiss law last week. SwissHoldings welcomes this clear decision. Instead of a risky system change, the focus should be placed on proven instruments such as mediation and ombudsman procedures. To achieve this, the committee has adopted a corresponding postulate.