
Purchase of Property in Switzerland by Foreigners
According to a new leading case of the Federal Supreme Court, the purchase of property by Swiss nationals may require authorisation if it is substantially financed by foreigners.

According to a new leading case of the Federal Supreme Court, the purchase of property by Swiss nationals may require authorisation if it is substantially financed by foreigners.

I. Introduction
Recently, the appellate court of the Canton of Geneva has rendered three decisions ordering a bank (apparently the same bank in all cases) to execute the clients’ transfer/payment instructions. A first decision was rendered in summary proceedings on 21 October 2016 while the other two, which are very similar, were rendered in proceedings on the merits on 2 December 2016. This art…

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