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Thank you for visiting our Web site. The use of our Web site and published contents conforms to the following terms and is governed by the applicable Swiss laws.

Please note that information on this page may contain technical inaccuracies or typographical errors. We reserve the right to modify or update the information on this page at any time and without prior notification. All work and/ or parts of work on our Internet pages including text, files, compositions, and images are protected by copyright. Any other publication, copying, distribution or other use, including extracts thereof, requires written approval from Branders Group Ltd.

Branders Group Ltd. observes applicable data privacy regulations for the ascertainment, use, and handling of personal data. Entering personal data (e-mail address, name, address, etc.) within the Web site content where applicable is voluntary.

The personal data made available will only be used inter- nally to respond to inquiries, process orders, or to provide access to certain information. We are happy to provide you with information regarding your saved personal data upon written request. You reserve the right at all times to revise, delete, or block this information.

This Web site may contain hyperlinks to third-party Web sites. Links from this Web site to third-party Web sites will open in a separate browser window and are only provided for purposes of usability. Branders Group Ltd. express- ly distances itself from all contents of these Web sites. Branders Group Ltd. is not responsible for the content of external Web sites. Please use them at your own risk.

Copyright
All rights reserved. Reprinting and reproduction of editorial texts including storage and use on optical and electronic media storage devices is only permitted with the editor's consent. The whole or partial use of advertisements (including input into online services) by unauthorized third parties is prohibited.

Guidelines for reader comments
The following additional provisions apply for reader comments to The Brander: the authors of the reader comments grant to Branders Group AG free, unlimited authorization to use their comments entirely or partially

on the portal, unlimited in terms of time or volume. This includes the right to use the texts in other publications, media, or books as well as to store and archive them. Submissions are screened to make sure they contain substantive commentary that is topical and non- abusive. We reserve the right not to publish comments that contain defamatory, racist, or irrelevant comments, or advertising. We welcome comments that are directly relevant to an article. Where necessary, spelling mistakes may be corrected.

Authors of reader comments are responsible for their accuracy, their legal correctness and for respecting third-party rights. Any legal consequences resulting in connection with reader comments are borne solely by the author. Authors agree to absolve the Brander Group AG from all claims by third parties which ensue from their contributions.