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

¹ In deal­ings with bona fide third parties, the re­gistered at­tor­ney is deemed au­thor­ised to com­mit the own­er of the busi­ness by sign­ing bills of ex­change and to carry out on his be­half all types of trans­ac­tion that fall with­in the scope of the com­mer­cial op­er­a­tions and busi­ness af­fairs of the own­er.

² The re­gistered at­tor­ney is not au­thor­ised to ali­en­ate or en­cum­ber im­mov­able prop­erty un­less ex­pressly ves­ted with such powers.