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02.01.2017 / Schwärzler Attorneys at Law

Schwärzler Attorneys at Law

Kickbacks and the resulting claims against Swiss asset managers - Liability of Liechtenstein entities for omission of assertion of claims

The Retrocessions, also known as kickback or hidden commission, refers to a process between at least three parties, in which a banking institute or a financial intermediary transfers parts of a collected commission to a third party. Many Swiss banks and other asset management companies have unlawfully withheld commission fees in millions in the past. These funds belong to the clients, who are often unaware of their rights in this regard.

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