LALIVE

Zurich

LALIVE is an international law firm with offices in Geneva, Zurich and London, renowned for its expertise in international legal matters, in particular international dispute resolution. The firm provides comprehensive advice to companies, governments, international organisations and private clients helping them anticipate, avoid, manage and successfully address potential or existing disputes around the world. Its high-level expertise has earned it recognition among the leading dispute resolution firms around the world.

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Private Client & Offshore Services

Art collectors' alert – landmark Supreme Court ruling on returning artworks illicitly exported to country of origin
Switzerland | 29 August 2019

Estimated at $67.4 billion, the art market has become a global playing field for ultra-high-net-worth and high-net-worth individuals to invest their assets. Yet, lack of harmonisation of national legislations on the protection of cultural property may hamper collectors' pleasure in moving their art around the world. In a recent decision, the Swiss Supreme Court clarified the requirements to be met by countries of origin when requesting the return of artworks allegedly illicitly exported by their legitimate owners, thus absent any issues of ownership.

Revised PILA: setting the ground for trust arbitration in Switzerland?
Switzerland | 08 August 2019

While trusts have not been incorporated into the Swiss legal system, Switzerland ratified the Hague Trust Convention with effect from 1 July 2007 and adapted its conflict of laws provisions – in particular, Articles 149(a) to 149(e) of the Private International Law Act. As a result, foreign trusts are fully recognised and implemented under Swiss law. Although discussed controversially, legislative initiatives to introduce trusts into the Swiss legal system are ongoing.