1. General

The information contained in this website is for general information purposes only. By accessing the material made available by PKB at its website on the worldwide web (www.pkb.ch) the user declares to accept and understand the following conditions. If the user does not agree to the content of this disclaimer, he is invited to exit the Site immediately.

2. Use of the website

The entire content of this Site is subject to copyright. All rights are reserved. You may download or print out a hard copy of individual pages and/or section of the website, provided that you do not remove any copyright or other proprietary notices. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website without the prior written permission of PKB.

3. Copyright

All material on the PKB website is protected by copyright, subject to any rights accruing to third parties. You may not reproduce (either in full or in part), transmit (electronically or by any other means), alter, create a link to, or use the website for public or commercial use of any kind without the written permission of PKB.

4. Access

Access to this Site is not permitted to any person in any jurisdiction (by way of domicile, residence, nationality, or otherwise) where the publication or availability of the Site would result in a violation of any applicable law or regulation. In particular, this Site is not intended for residents of the United States. If you are from such a jurisdiction, you are not authorized to proceed and must exit this Site immediately. If you are not from such a jurisdiction, you may proceed to the Site after reading and agreeing to the following terms and conditions.

5. No reliance/no representation or warranty

The information made available on the Site has been prepared by PKB, which has used all reasonable care to ensure that it is fair, accurate, and complete. PKB makes no representation or warranty, either express or implied, as to the accuracy, completeness, or fitness for any purpose or use of such information whatsoever.

PKB cannot guarantee that the information found on the Site has not been distorted as a result of technical malfunctions (disconnection, interference by third parties, viruses, etc.)

Nothing contained in the Site shall be construed as constituting specific investment, legal, tax, or other advice. The information or opinions contained therein have no relevance to the specific investment objectives, financial situation, or particular needs of any individual recipient of said information. You are advised to obtain specific, personal, and appropriate professional advice before making any investment decision. The information and opinions contained in the Site are provided for personal and informational purposes only and are subject to change without notice.

The past performance is not necessarily a guarantee to the future result of an investment. The value of investments may fall as well as rise and investors may not get back the amount invested. Changes in rates of foreign exchange may cause the value of investments to go up or down.

6. No offer

Nothing on the website does represent an invitation, an offer or an advice to buy or allocate any kind of investments or to conclude any other transaction. The content of this website is not intended for use by or distribution to any individual or legal entity resident or located in a jurisdiction or country where solicitation, distribution or simply publication would be contrary to law and regulation or such actions are prohibited without obtaining the necessary licenses or authorizations by PKB or a company of its Group. The products and services mentioned in this site are not suitable for all investors and categories of clients and the references are conceived for information purposes only and are not to be construed as a solicitation or an offer to buy or sell.

PKB shall not provide the products and services described on this Site to US Persons, as defined under the United States Securities Act of 1933, as amended (hereinafter the “Securities Act”). The units or stocks described on the Site shall not be registered under the Securities Act or any other applicable United States securities laws (including, without limitation, any applicable law of any of the states of the United States). Such units or stocks may not be directly or indirectly offered or sold in the United States or any of its territories and possessions or areas subject to its jurisdiction or to or for the benefit of a US Person. By proceeding, you warrant that you are not a US Person.

7. Limitation of liability

In no event, including negligence, will PKB be liable for any loss or damage of any kind, including any direct, special indirect or consequential damages, which may be incurred through the use of or the access to the website, or any links to third-party websites.

8. Linked Websites

Some links on the website lead to third-party websites. Accordingly, PKB does not assume any responsibility for the accuracy, completeness and legality of the contents of such websites, or for any offers and services contained and does not endorse or accept any responsibility for the content of such websites.

9. Applicable law

Use of the Site shall be subject to Swiss law, which shall exclusively govern the interpretation, application, and effect of all the conditions of use set out above. The courts of Lugano shall have exclusive jurisdiction over all claims or disputes arising out of or in connection with the Site and its use.