Document background
The Conflict of Interest Waiver is essential in Swiss business practice where parties need to formally address and resolve situations involving competing interests or duties. This document is particularly crucial given Switzerland's strict regulatory environment and its position as a global financial and business center. It is commonly used when board members, executives, or professional service providers face situations where their duties to different parties may conflict, or where they have personal interests that could affect their professional judgment. The waiver must comply with Swiss law requirements, particularly the Swiss Code of Obligations and industry-specific regulations, and should include comprehensive disclosure of the conflict, clear acknowledgment of understanding, and explicit consent to proceed despite the identified conflict. The document is particularly important in regulated industries and corporate governance contexts, where transparency and proper management of conflicts are paramount.
