COVID-19: Switzerland plans financial support to help international sports federations
At the outbreak of the health and economic crisis in March 2020, the Swiss Government enacted various provisions of general reach to try to tackle the cashflow issues faced by many domestic business sectors, including sports and leisure. The provisions included among other measures:
- making benefits for partial unemployment easier to claim; and
- setting up a straightforward online process to obtain bank loans of up to CHF 500,000. (USD 515,000).
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- Tags: Commercial | Coronavirus | COVID-19 | FIFA | Finance | Football | Ice Hockey | IOC | Switzerland | UEFA
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Written by
Philippe Vladimir Boss, Ph. D.
Partner at BianchiSchwald LLC, Lausanne, Switzerland.
Philippe’s activity focuses on white-collar crime and sports. He has a large experience in financial criminal investigations on the long run, in bribery, fraud or money-laundering matters. He also advices and assists sports federations based in Switzerland, mainly on governance and integrity issues as well as commercial litigation.
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