Document background
A Power of Authority Letter is essential in situations where an individual or entity needs to delegate legal authority to another person to act on their behalf. This document, governed by Swiss law, is commonly used for both personal and business matters, ranging from simple administrative tasks to complex financial transactions. It must comply with the Swiss Civil Code and Code of Obligations, potentially requiring notarization and, for international use, apostille certification. The document specifies the scope of authority, duration, and any limitations on the attorney's powers, making it crucial for situations involving absence, incapacity, or business efficiency requirements. The Swiss legal framework provides a robust foundation for such delegations of authority, ensuring clarity and legal certainty for all parties involved.
