Conditions of use

By downloading information from the Bichsel web pages ("Bichsel website") you declare your agreement to the following conditions.

No offer, non-binding

The information published on the Bichsel website constitutes neither a recommendation nor an offer or a proposal for concluding any type of legal transaction. The information is under no circumstances an offer or solicitation for the purchase, disposal, trading or any other type of transaction in Bichsel securities. The information provided does not constitute a basis for investment decisions.

Disclaimer of liability

Bichsel disclaims without limitation all liability for any loss or damage of any kind, including any direct, indirect or consequential damages, which might be incurred through the use of or access to (or through the lack of access to or use of) the Bichsel website, individual elements thereof or links to third party websites.

Furthermore Bichsel disclaims all liability for any tampering with the Internet user’s computer system by unauthorised parties. In this regard Bichsel expressly reminds users of the risk of viruses and the possibility of targeted attacks by hackers. In order to combat viruses, it is recommended that the most recent browser versions be used and that anti-virus software be installed and continually updated. As a rule the opening of any e-mail from an unknown source as well as any unexpected attachments to an e-mail message should be avoided.

Accessing and downloading of information from the Bichsel website is at the user's own risk.

Warranty disclaimer

The information published and opinions expressed are provided by Bichsel purely for personal use and informational purposes; they may be changed at any time without prior notice. Bichsel does not warrant or make any representation (either express or implied), that the information and opinions published on the Bichsel website are accurate, complete or up to date. In particular Bichsel is not obliged to remove any outdated information from the Bichsel website or to expressly mark it as being outdated.

Forward-looking information

The content of the Bichsel website may contain forward-looking information. It is hereby explicitly pointed out that such information is based on considerable uncertainty and may differ markedly from the actual outcome.


The entire content of the Bichsel website is subject to copyright. You may save or print out individual pages and/or sections of the Bichsel website, provided that you do not remove any copyright notice or other proprietary notices. With any saving or otherwise copying of software or other data from the Bichsel website the terms and conditions for use shall be deemed to have been accepted. All property rights remain with Bichsel or are transferred to Bichsel. In the latter case the author will refrain from enforcing his/her individual rights as regards the transferred material. The (complete or partial) reproduction, transmission (electronically or by other means), modification, linking or usage of the Bichsel website for public or commercial purposes is forbidden without the prior written consent of Bichsel.


Bichsel, the Bichsel logo and Bichsel product brands are registered trademarks of the Bichsel Group.

Certain links on Bichsel websites lead to third parties’ web pages. Bichsel has absolutely no influence over these websites and Bichsel accepts no liability for the accuracy, completeness or legality of the content of these websites or for the products and services offered therein, or for adherence to data protection regulations.

Worldwide products

Any mention of a product or service on the Bichsel website is not an indication that said product or service is available worldwide.

The Bichsel website is not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the publication of, or access to, the Bichsel website is prohibited. Persons in respect of whom such prohibitions apply must not access the Bichsel website.

Severability clause

Should a provision of these conditions of use be or become null or void, the remaining provisions will remain unaffected. Should a provision be invalid or void it must be replaced by a legitimate one, which is as close as possible to the economic purpose of the invalid provision. The same procedure applies in the event of an unregulated instance arising.

Applicable law and jurisdiction

Right of amendment

Bichsel reserves the right to change or update the content of these provisions at any time. Users are thus obliged to visit this page regularly to check the provisions governing the use of this website.