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Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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On March 3, 2013, the Swiss people voted in a nationwide ballot in favor of the so called “rip-off” initiative by the businessman-turned-politician Thomas Minder...
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Dividing an estate can be - depending on its complexity and on the behavior of the heirs - quite complicated. Swiss Law gives a possibility to heirs and/or executors to call upon the State authorities to assist them in liquidating the deceased person's estate.
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Foreign insolvency administrators facing the task of recovering assets located in Switzerland typically find themselves in an uncomfortable legal situation since:
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Much importance is attached to the collaboration between the different communities in the Canton of Zurich. There is hardly any community today which, because of the number and complexity of their obligations, does not need to find it necessary to collaborate.
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Inheritance contracts are only one possibility among many other matters to be kept in mind when trying to regulate one's own estate. Estate planning is, however, much more than just drawing up a will or setting up a trust or an inheritance contract. Estate planning has to be understood as an overall plan to regulate matters, while keeping in mind the possibility of retirement and the certainty of death with all appropriate consideration to the different areas of law. Following a decision recently published by the Swiss Federal Supreme Court, this article tries to summarize the most important issues regarding inheritance contracts under Swiss law in an international environment.
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The Swiss Federal Patent Court has recently issued a decision of relevance regarding provisional measures relating to patents. It specifies that, at least in the field of intellectual property – not only patents –, a preliminary injunction may not be obtained in order to ascertain rights on intellectual property.
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Am 1. Januar 2013
treten die neuen Verjährungsfristen für die Gewährleistung im Kauf und
werkvertragsrecht in Kraft.
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Am 1.1.2013 wird das Börsenrecht verschärft. Die Kontrollprämie bei öffentlichen Übernahmen wird abgeschafft, das Insiderrecht wird ausgedehnt und die FINMA erhält mehr Kompetenzen. ...
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Als Cash Pooling wird der Liquiditätsausgleich innerhalb einer Unternehmensgruppe bezeichnet. Durch die koordinierte Verwendung von überschüssiger Liquidität von Gesellschaften innerhalb der Gruppe kann die Beanspruchung von Fremdkapital minimiert werden. Ferner können durch das koordinierte Auftreten gegen aussen, insbesondere infolge des grösseren Volumens, bessere Konditionen (Zinsvorteile) erzielt werden. Weniger Fremdkapital zu besseren Konditionen mit entsprechender Senkung der Fremdfinanzierungskosten ist die Folge. War Cash Pooling bis vor einigen Jahren vor allem ein Thema für Multinationals, haben mittlerweile mehr und mehr KMU's die Vorteile des zentralen Finanzmanagements für sich entdeckt. ...
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Am 17. Juni 2011 hat das Parlament der Revision des Bundesgesetzes über den unlauteren Wettbewerb zugestimmt, wodurch unlautere Geschäftspraktiken konsequenter unterbunden werden sollen. Die Revision umfasst einerseits Bestimmungen zu den sog. «Adressbuchschwindeleien», führt die erforderlichen Angaben beim elektronischen Geschäftsverkehr auf und schränkt die Verwendung missbräuchlicher Geschäftsbedingungen gegenüber Konsumenten strikter ein. Das vorliegende Kurz & Bündig gibt einen Überblick über die wichtigsten Neuerungen, welche gemäss Bundesratsbeschluss vom 12. Oktober 2011 am 1. April 2012 in Kraft treten werden, mit Ausnahme der Bestimmung über die allgemeinen Geschäftsbedingungen (AGB), welche erst auf den 1. Juli 2012 in Kraft gesetzt werden. ...
The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
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Froriep Renggli advises Notenstein Private Bank Ltd on its buying stake in EFG Financial
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Niederer Kraft & Frey is acting as Swiss legal advisor to OC Oerlikon Corporation AG (SIX: OERL) in the sale of the Natural Fibers and Textile Components Business Units from its Textile Segment to the Chinese Jinsheng Group.
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Niederer Kraft & Frey advised eight export credit agencies from Japan, Australia, Korea, France, Germany and The Netherlands, and a syndicate of 24 commercial lenders, on a USD 20 billion project financing of a liquefied natural gas (LNG) project in Australia sponsored by Inpex Corporation and Total SA.
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Swiss Reinsurance Company Ltd successfully placed USD 750,000,000 Subordinated Contingent Write-off Loan Notes (the "Notes") through a repacking vehicle.
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Niederer Kraft & Frey advises global private banking group EFG International (SIX: EFGN) in connection with the sale of its remaining stake of 20.25% in EFG Financial Products for CHF 70.2 million (1,350,000 shares at CHF 52 per share) to Notenstein Private Bank.
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Niederer Kraft & Frey has advised global private banking group EFG International (SIX: EFGN) in connection with its cash offer and consent solicitation to the holders of EFG Fiduciary Certificates, financed through the issuance of new Tier 2 resettable subordinated notes guaranteed by EFG International. BNP Paribas (Suisse) SA and UBS Investment Bank acted as Joint Lead Managers.
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Niederer Kraft & Frey advises Global Retail Group S.à r.l., a company controlled by Advent International Corporation, in its successful secondary placement of 3,879,609 shares in SIX listed Dufry AG (representing approx. 13% of the total share capital) by way of an accelerated bookbuilt offering arranged by Morgan Stanley as sole bookrunner to selected institutional investors outside the United States and to qualified institutional buyers in the United States.
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We are delighted that our former senior associates Andreas Bättig und Thiemo Sturny, Attorneys-at-Law, became partner of the firm.
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US private equity investor SK Capital Partners has agreed to acquire Clariant's business units textile chemicals, paper chemicals and emulsions in a combined share and asset transaction across more than 30 jurisdictions. The total transaction volume amounts to approximately CHF 502 million.
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On 3 January 2013, Swissgrid completed the acquisition of the Swiss transmission grid. This is a significant milestone in the history of the Swiss electricity industry. As from now, Swissgrid will not only be responsible for operating the grid, but also for maintaining, modernising and expanding it. Swissgrid and the previous owners of the transmission grid started the complex process of transferring the grid in 2009.