Swiss Reject Business Liability Plan, Ban on SNB Investments
- Multinationals feared extra bureaucracy, flood of lawsuits
- Opposition to ban SNB investing in arms makers was at 57.5%
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Swiss voters rejected two proposals that had the potential to alter the corporate landscape of a country known for low taxes and light-touch regulation.
An initiative that would’ve banned the Swiss National Bank from investing in defense companies was opposed by almost 60% in a ballot on Sunday.