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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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