Swiss failed citizens on climate, human rights court says
First-of-its kind case leads to landmark climate ruling, which is likely to have ramifications across Europe.
Switzerland
Energy Vault goes for the big lift to tackle energy storage challenge
Energy Vault (NYSE:NRGV) has gone public with a listing on the New York Stock Exchange (NYSE), raising $235 million gross.
SBM pays more fines for West African bribery
Switzerland has ordered three SBM subsidiaries to pay 7 million francs ($7.5mn) for failing to prevent bribe paying in Angola, Equatorial Guinea and Nigeria.
New Gunvor bribery ‘skeleton’ haunts oil tader’s pledge to reform
In late 2019 Gunvor Group, one of the world’s biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
Switzerland ends tax deductions for bribes
Swiss companies will no longer be able to deduct bribes paid from taxes – as of January 2022.
Trial accuses Kolmar of pillaging
Trial International has filed a criminal complaint against Kolmar Group with the Office of the Attorney General in Switzerland.
Gunvor failed to prevent bribery in West Africa
The Office of the Attorney General (OAG) of Switzerland has ordered Gunvor to pay almost 94 million Swiss francs ($94.7mn) for failing to prevent corruption in Congo Brazzaville and Cote d’Ivoire.
Swiss investigating oil trader Gunvor for foreign bribery
Switzerland’s Attorney General said it is investigating Gunvor Group Ltd. on “suspicion of bribery of foreign public officials” in the Republic of Congo, underscoring the energy traders’ legal troubles in the long-running case.
A new Swiss platform has been set up to foster peer-to-peer energy solutions
Rethinking the actual energy models, looking forward a network of communities and new ways to share sources: these are the ideas behind the Swiss PROSUME Energy Foundation, founded in Zug, the heart of the Crypto Valley, by professionals with a strong and long-time experience in the energy sector as well as in the blockchain softwares.
Ineos boss says Brexit will not impact London HQ move
Brexit will not affect plans for Ineos to set up UK headquarters once again, according to one of the company's bosses.
Oil and gas firms must consider Brexit trade outcomes
Oil and Gas firms trading with EU countries face three possible outcomes if the UK chooses Brexit on 23 June.
Swiss regulators agree to provide US prosecutors with record connected to Venezuela probe
Swiss regulators have agreed to provide US prosecutors with records from at least 18 banks relating to Venezuela’s state oil company.
Nazi-fighter Grynberg girds for Swiss last stand against big oil
US courts have been good to Jack Grynberg, netting him hundreds of millions of dollars in disputes with some of the world’s largest oil and gas producers since 1984. Despite that fortune, the 83-year-old oilman says he’s fed up with America’s legal system and has taken his biggest suit yet -- a battle over profits from Kazakhstan’s most valuable oil fields -- to Switzerland. Grynberg is suing a consortium led by BP Plc, saying the oil giant backtracked on a 1991 deal promising him 20 percent of the profits from Kazakh fields he helped find. Instead, Grynberg says in the lawsuit that BP cut him out and struck deals directly with the Kazakh government, greased with bribes paid by a CIA agent who was arrested in 2003.