Swiss Code of Obligations
The Swiss Code of Obligations is a key component of Switzerland’s legal framework that governs contracts, business transactions, and corporate law. Enacted in 1911 and regularly updated, it outlines the rules and regulations for commercial activities, including the formation of contracts, liability, corporate governance, and financial reporting.
For companies, the Swiss Code of Obligations also establishes mandatory guidelines for accounting, auditing, and now, as of 2024, sustainability reporting for large companies and public-interest entities. This includes obligations around transparency, governance, and due diligence, particularly regarding ESG factors.
The Code is an essential reference for businesses operating in Switzerland, ensuring legal clarity and fostering trust in the Swiss marketplace.