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Death rattle for unlimited liability? Lombard Odier, Pictet to shift to corporate partnership

Is an increasingly precarious regulatory environment spelling the end for the unlimited partnership legaI structure which has served to define a cadre of Switzerland’s oldest and most established private banks? It would seem so, given that both Pictet and Lombard Odier have simultaneously announced their intention to shift to a “société en commandite par actions de droit suisse” (“a partnership…

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