The Legal 500

Publishing firms

Legal Developments worldwide

Acting in Concert vs.Limitation of Voting Power

July 2010 - Corporate & Commercial. Legal Developments by Walder Wyss Ltd.

More articles by this firm.

The Commercial Court of the Canton of Zurich has recently confirmed that clauses limiting the voting power of a group of shareholders in the articles of association of Swiss listed companies must be narrowly interpreted by a board of directors. The court held, among other things, that shareholders acting in concert do not fall under such clauses in the absence of specific circumstances, irrespective of whether they may be considered a “group” for purposes of Swiss takeover laws.

Read more...

For more information please visit www.wwp.ch