Public Hearing: Can Swiss Bank Secrecy be applied extra-territorially or not that is the key question!
It is ultra highly exceptional that the Federal Court of Switzerland decides to perform a public debate about any legal case. However, if the five judges do not agree on the verdict, one of the judges requests a public hearing or the head judge wants to have a public debate, then, under Swiss law civil society is invited to listen to the arguments of the judges. Based on experience such a public hearing could last up to 3 to 5 hours and therefore will provide a brilliant insight of the entire legal case and more importantly: THE FINAL SWISS VERDICT. In this case it is clearly not about the whistleblower case Rudolf Elmer, it is about the key questions:
An other acquittal (Higher Court of Zurich`s verdict was an acquittal on August 19th, 2016) would definitely mean that SWISS BANK SECRECY ends on the border of Switzerland and therefore offshore structures such as Trusts, Companies, Special Purpose vehicles who are legally set up and domiciled in e.g. Cayman, British Vergin Islands, Isle of Man etc. holding a Swiss Bank account with a Swiss bank domiciled in Switzerland will not be protected anymore outside Switzerland!
AN ANOTHER NIGHTMARE FOR THE SWISS FINANCIAL CENTER?!
The head judges will be Mr. Christian Denys who turned down the complaint against the present General Counsel of the Julius Baer Group, Christoph Hiestand LL.M. even though the General Counsel lied in the investigation, withheld Elmer`s Cayman employment contract etc (more here: Elmer`s complaint of October 24th, 2017 and the federal courts` verdict of December 12th, 2017). The complaint of Rudolf Elmer and the head judge`s reasoning will provide you with important and shocking insight how the entire legal case was handled by Swiss Authorities and gives you key information to the Public Hearing of the Federal Court October 10th, 2018.