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After The Public Vote: New Rules On Responsible Business Conduct In Switzerland - Corporate/Commercial Law

I. THE OUTCOME OF THE NOVEMBER 29 VOTE With the November 29 public vote on the Responsible Business Initiative one of the longest, most fiercely debated and most expensive political campaigns in Switzerland s history came to its conclusion. With the rejection of the Responsible Business Initiative, the indirect Counterproposal, which was introduced by Federal Councellor Karin Keller-Sutter in August 2019 was automatically adopted. It will soon be published in the Swiss Federal bulletin. The Federal Council will set it into force after (1) the lapse of a 100-day period if no public vote (referendum) is requested, or (2) in the event a public vote is requested by at least 50 000

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