Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

All per­sons en­gaged in audit­ing the an­nu­al and con­sol­id­ated ac­counts, the com­pany’s found­a­tion, a cap­it­al in­crease or a cap­it­al re­duc­tion are li­able both to the com­pany and to the in­di­vidu­al share­hold­ers and cred­it­ors for the losses arising from any in­ten­tion­al or neg­li­gent breach of their du­ties.

² If the audit is con­duc­ted by a pub­lic audit of­fice or by one of its em­ploy­ees, the rel­ev­ant pub­lic au­thor­ity is li­able. Leg­al ac­tion against per­sons in­volved in the audit is gov­erned by pub­lic law.⁶³⁷