Conditions of use





By using the website http://www.notzstucki.com and/or the website http://www.doornboslagerveld.nl and any of its pages (hereinafter the "Sites"), you confirm that you have read, understand and agree to the following important legal information and conditions of use (the "Conditions"). If you do not agree to the Terms, please leave the relevant Site immediately. The Terms may be changed at any time without notice and access to, and use of, the Sites may be restricted or terminated at any time. You are therefore advised to read these terms and conditions every time you visit this website.

Access to and use of the sites and the terms and conditions shall be governed by Swiss law. The place of jurisdiction is Geneva.

Further access to the website may also be subject to the laws applicable in the relevant jurisdiction from which access is obtained.


The information, products, data, services, tools and documents contained or described on these Sites (the "Content") are intended for informational purposes only and do not constitute an advertisement or a recommendation, an offer or a solicitation to buy or sell investment instruments, nor is it intended to lead to any transaction or to establish any legal relationship.

The financial products mentioned on these Sites are not suitable for all investors. Before making investment decisions, investors should carry out thorough research and seek all necessary professional advice on all issues, including your suitability to make such an investment in terms of applicable law.

Nothing on these Sites constitutes investment, legal, accounting or tax advice, or a statement that any investment or strategy is suitable or appropriate for individual circumstances, or otherwise constitutes a personal recommendation for any specific investor. Notz Stucki and Doorbos Lagerveld & Partners recommend that investors independently assess the specific financial risks and legal, regulatory, credit, tax and accounting implications with a professional advisor.


The content is not intended for use by or distribution to any person or entity in any jurisdiction or country where such distribution, publication or use would be contrary to law or regulatory provisions or where entities of Notz Stucki or Doornbos Lagerveld & Partners do not have the necessary registration or licence.

Persons or legal entities to whom such prohibitions apply, whether by reason of their nationality, place of residence or otherwise, should not visit or use the sites.

Some services and products of Notz Stucki and Doornbos Lagerveld & Partners may not be registered or licensed under statutory and regulatory provisions relating to financial services or products.


Notz Stucki and Doornbos Lagerveld & Partners make no warranty or representation of any kind with respect to: (1) the topicality, accuracy or completeness of the content; (2) the results that may be obtained by any user of the Site; or (3) any third party content accessible on or through the Sites.

Except to the extent required by applicable law and/or regulation, Notz Stucki and Doornbos Lagerveld & Partners, including its directors, agents, employees or subcontractors: (1) disclaim all warranties and conditions, express or implied, including but not limited to warranties and conditions as to quality and fitness for a particular purpose; and (2) do not warrant that the Sites, any content (including third party content), goods or services referenced therein will be uninterrupted or error-free, that defects will be corrected, or that the Sites, the servers through which the Sites are available or any affiliated website are free of viruses, Trojan horses, worms, software bombs or similar items or processes or other harmful components. To protect against viruses, it is advisable to use up-to-date versions of browsers and to install and continuously update anti-virus software. Users should strictly avoid opening e-mails of unknown origin or unexpected e-mail attachments.

All data, including but not limited to financial market data, quotations, communications, research or other financial information accessible through these Sites, has been obtained from carefully selected sources that are considered reliable. All this information is provided "as is" to the user without any explicit or implicit guarantees of any kind, such as guarantees of quality, originality, non-infringement of intellectual property or suitability for a particular purpose.

The information and opinions expressed on the Site are descriptive of Notz Stucki and Doornbos Lagerveld & Partners as a whole, and the products and services described may not be available to or suitable for all investors.

All opinions, estimates and projections on the site are those of the authors at the date of writing. They do not necessarily reflect the opinion of Notz Stucki and Doornbos Lagerveld & Partners and may be changed at any time without prior warning. Notz Stucki and Doornbos Lagerveld & Partners and their contractual partners may discontinue or change the information, data and documents and the products or services described herein at any time without notice. All information marked with a date is published only as of this date and no obligation or responsibility is assumed to update or change such information.


To the maximum extent permitted by current law and/or regulation, Notz Stucki and Doornbos Lagerveld & Partners including its directors, agents, employees, subcontractors and its sales partners, disclaim any liability for any loss or damage (whether direct or indirect) of any kind incurred as a result of (1) the content, accuracy, completeness or otherwise of the Sites or any third party links or content; (2) any errors in or omissions from the Sites; (3) use of or access to the Sites; (4) any inability to access or use the Sites for any reason.

To the extent permitted by applicable law and/or regulation, Notz, Stucki and Doornbos Lagerveld & Partners shall not be liable for any (1) loss of profits, revenues or savings or other economic loss, (2) loss of business or goodwill, (3) loss of or damage to data, (4) incidental or special loss, (5) wasted or lost management time, or (6) indirect or consequential loss or damage arising from use of or access to the Sites, even if advised of the possibility of such loss or damage or if such loss or damage was foreseeable.


Statements on these Sites may contain information obtained from third parties, including ratings from rating agencies such as Standard & Poor's, Moody's, Fitch and other similar rating agencies. Reproduction and distribution of third-party content in any form is prohibited, except with the prior written consent of the related third party. Third party content providers do not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and are not responsible for any errors or omissions (whether negligent or otherwise), regardless of cause, or for the results obtained from the use of such content. Third party content providers make no express or implied warranties, including, but not limited to, warranties of merchantability or fitness for a particular purpose or use. Third party content providers shall not be liable for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees or losses (including lost revenues or profits and opportunity costs) in connection with any use of their content, including ratings. Credit ratings are statements and are not statements of fact or recommendations to buy, hold or sell securities. They do not address the market value of securities or the suitability of securities for investment purposes, and should not be relied upon as investment advice.


Some of the entities of the Notz Stucki Group or Doornbos Lagerveld & Partners or their clients may hold a position in the financial instruments of any issuer discussed herein, or act as an adviser to any such issuer.


The past is no indication of the future performance of an investment. The value of investments may be subject to fluctuations and investors may not get back the amount they invested. Changes in exchange rates can also cause the value of investments to rise or fall.


Please note that all your actions while using these Sites may be recorded and analysed for various purposes, including security, marketing and system monitoring purposes. Please also see our "Privacy Statement".


The use of links to third party websites on these Sites is at your own discretion and risk. Please note that third party websites are not subject to the data protection policies of Notz Stucki and Doornbos Lagerveld & Partners. They are not responsible for the policies they apply with respect to the collection and handling of your personal data. We recommend that you carefully read the terms of use and data protection policy of the third party website before using it, to check how your personal data and privacy are protected.

Certain products and services of the Notz Stucki Group and Doornbos Lagerveld & Partners are not accessible to residents and/or nationals of certain countries. Website users are therefore asked to consult the conditions of use applicable to this website and to contact Notz Stucki or Doornbos Lagerveld & Partners ("Locations") for information on products and services available in their countries.