The Legal 500

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VISCHER

AESCHENVORSTADT 4, 4010 BASEL, SWITZERLAND
Tel:
Work +41 58 211 33 00
Fax:
Fax +41 58 211 33 10
Web:
www.vischer.com
Basel, Zurich

Switzerland

Capital markets
Capital markets - ranked: tier 2

Vischer

The ‘highly competent and quick’ team at Vischer recently acted for Warteck Invest on its CHF77m capital increase and advised Julius Baer on the redeeming of outstanding non Basel III-compliant securities. Practice head Markus Guggenbühl and Robert Bernet are recommended.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 2

Vischer

Vischer’s ‘very reliable and extremely efficient’ corporate team has particular expertise in regulated industries. It assisted Shanghai Jiuchuan Investment with the acquisition of SHL Telemedicine and advised Newmont Mineral Holdings on the sale of Valcambi to Rajesh Exports. Key figures include Jürg Luginbühl, who is an ‘excellent negotiator’, Matthias Staehelin, who has ‘outstanding life sciences industry expertise’, and the ‘very professionalRobert Bernet.

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Competition
Competition - ranked: tier 2

Vischer

Vischer’s ‘very good’ practice has been representing a company in an appeal against a fine imposed by the Competition Commission regarding horizontal practices in the door hardware market. Other clients include RBS and Swisscom. Practice head Klaus Neff is recommended.

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Employment
Employment - ranked: tier 2

Vischer

Vischer’s ‘excellent’ team has been assisting Audatex on its restructuring and mass dismissals. Other clients include Hays and Impellam Group. New practice head Marc Prinz is an ‘outstanding employment lawyer’.

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German-speaking Switzerland: leading firms
German-speaking Switzerland: leading firms - ranked: tier 2

Vischer

Vischer excels in public law, where the ‘outstandingStefan Rechsteiner attracts praise, and in the regulated life sciences industry, where Stefan Kohler is recommended for regulatory and patent matters and Matthias Staehelin focuses on M&A transactions. Rolf Auf der Maur is a key figure on the media and telecoms side.

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Healthcare and life sciences
Healthcare and life sciences - ranked: tier 1

Vischer

For some, Vischer is ‘considered the best in Switzerland’ for life sciences regulatory matters, including market authorisation, drug reimbursement pricing, and compliance reviews. The ‘very skilled and knowledgeableStefan Kohler is recommended for regulatory and patent matters, and Matthias Staehelin stands out for his corporate and commercial work for biotech companies. Clients include AC Immune, Astra Zeneca, Biogen, CRISPR Therapeutics, Kuros Biosciences and Med Cell Europe.

Leading individuals

Stefan Kohler - Vischer

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Insolvency and corporate recovery
Insolvency and corporate recovery - ranked: tier 3

Vischer

Vischer’s ‘excellent’ practice successfully defended PwC as liquidator of the Swiss entities of Lehman Brothers against a creditor’s challenge of the schedule of claims. It is also representing LSF VIII Pine Investments as creditor in the moratorium proceedings of the Valartis Group. David Jenny is recommended.

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Intellectual property
Intellectual property - ranked: tier 2

Vischer

Vischer’s team has been representing Westwind in a patent dispute regarding heat exchange technology and assisted Netflix with copyright matters. The ‘very skilled and knowledgeableStefan Kohler is an expert for patent and trade mark matters, while Rolf Auf der Maur is recommended for copyright work.

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Public law
Public law - ranked: tier 1

Vischer

According to clients, Vischerstands out for its excellency in public law’. It successfully defended Swiss International Air Lines in administrative and subsequent appeal proceedings regarding its licence for flights between Geneva and Lugano, and has been acting for several hospitals in proceedings concerning tariffs chargeable to health insurance companies. Other clients include Axpo, Repower and Swisslos. The ‘outstandingStefan Rechsteiner, Stefan Kohler, Andreas Albrecht and counsel Michael Waldner are recommended.

Leading individuals

Stefan Rechsteiner - Vischer

Next generation lawyers

Michael Waldner - Vischer

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Real estate and construction
Real estate and construction - ranked: tier 2

Vischer

Roland Müller heads the ‘excellent’ practice at Vischer, which is assisting Biogen International with the construction of a large manufacturing facility in the canton of Solothurn and is providing ongoing advice to SPS Immobilien on retail leasing matters.

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TMT
TMT - ranked: tier 2

Vischer

Vischer’s ‘highly skilled’ team assisted insurer Sympany with negotiating IT contracts and has been advising Ring Central on data protection and telecoms regulatory matters. Other clients include 3 Plus, Netflix and Swisscom. Rolf Auf der Maur and Christian Wyss are recommended.

Leading individuals

Rolf Auf der Maur - Vischer

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Tax
Tax - ranked: tier 3

Vischer

Vischer’s ‘fast, accurate and flexible’ team successfully represented media company Elevator Group in a tax dispute regarding the applicability of OECD transfer pricing rules within Switzerland. Nadia Tarolli Schmidt and Christoph Niederer are recommended.

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Transport
Transport - ranked: tier 2

Vischer

Vischer’s ‘outstanding aviation law practice’ regularly acts for Swiss International Air Lines, most recently in a dispute over Zurich airport charges. It also advised Element Financial on aircraft financing transactions. Urs Haegi and Stefan Rechsteiner are recommended.

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Switzerland: Banking and finance

Zurich
Banking and finance: Zurich - ranked: tier 3

Vischer

Vischer provides ‘reliable and quick answers’ on banking regulatory matters and financing transactions. Recent work includes assisting AFINUM with obtaining financing from Zürcher Kantonalbank to acquire Lomb Art, and advising Peopleinvest on the setting up of a crowd-lending platform. The practice is headed by the ‘commercially minded’ Adrian Dörig and Markus Guggenbühl.

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Switzerland: Dispute resolution

Arbitration
Dispute resolution: arbitration - ranked: tier 4

Vischer

The ‘very good’ team at Vischer recently represented a Swiss bank in an ICC arbitration regarding the financing of a construction project in the Middle East. Daniele Favalli and Thomas Weibel are recommended.

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Litigation
Dispute resolution: litigation - ranked: tier 2

Vischer

Vischer’s team is noted for its ‘excellent strategic and tactical skill’ and is particularly recommended for financial services litigation. Recent work includes acting for pension fund REVOR in a civil dispute with a contractual partner and criminal proceedings against a third party. The ‘knowledgeable’ Thomas Weibel, the ‘experiencedDaniele Favalli and the ‘impeccableChristian Oetiker are recommended.

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Legal Developments by:
VISCHER

  • Capital Contribution Principle: Meaning and Proceedings

    On January 1, 2011, the Swiss tax law capital contribution principle (CCP) enters into force - with far reaching consequences for companies, their owners, board members and tax advisors. A few days ago the Federal Tax Administration (FTA) published a Circular Letter on this change of law.
    - VISCHER

Legal Developments in Switzerland

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 17 February 2017: Auris Medical's Public Equity Offering

    Auris Medical Holding AG (NASDAQ: EARS) issued and priced its public offering of 10,000,000 common shares and 10,000,000 warrants, each warrant entitling its holder to purchase 0.70 of a common share.  The common shares and warrants are being sold in units comprised of one common share and one warrant at the public offering price of USD 1.00 per unit. The warrants will be immediately exercisable at a price of USD 1.20 per common share and are exercisable for five years. In connection with the offering, the Company has granted the underwriter a 30-day option to purchase up to 1,500,000 additional common shares and/or 1,500,000 additional warrants at the public offering price less underwriting discounts. The offering is expected to close on or about February 21, 2017, subject to customary closing conditions. Roth Capital Partners is acting as sole book-running manager in the offering. Maxim Group LLC is acting as a financial advisor in the offering.
  • 16 February 2017: Credit Suisse successfully launched its new subsidiary Credit Suisse (Switzerland)

    Credit Suisse (Switzerland) Ltd. was incorporated with the purpose to be organized as a Swiss bank. It is a wholly owned subsidiary of Credit Suisse AG. The transfer of assets and liabilities according to Swiss merger law became effective on 20 November 2016. The transfer was aimed to evolve the legal entity structure of the Credit Suisse Group to meet regulatory requirements for systematically important banks.
  • 14 February 2017: BASF acquires Rolic Group

    BASF acquires Rolic, a Swiss based group offering innovative and forward-thinking solutions, particularly in the display and security industries as well as the optical film business.
  • 15 February 2017: gategroup CHF 300 mio. bond issuance

    gategroup successfully raised CHF 300 million through the issuance of a fixed rate 5-year senior bond with a final maturity on February 28, 2022. The bond with a coupon of 3% p.a. has been issued by gategroup Finance (Luxembourg) S.A. and is guaranteed by its parent company gategroup Holding AG. gategroup will apply for the listing of the new bond on the SIX Swiss Exchange.
  • 17 February 2017: RWS acquires LUZ, Inc.

    RWS Holdings plc, a world leading provider of intellectual property support services (patent translations, international patent filing solutions and searches), commercial translations and linguistic validation, has completed the acquisition of 100% of LUZ, Inc., a market leading Life Sciences language services provider based in San Francisco, for a cash consideration of USD82.5m.
  • 17 February 2017: Cembra Money Bank acquires invoice financing provider SWISSBILLING SA

    Cembra Money Bank has reached an agreement to acquire 100% of the shares of SWISSBILLING. The transaction is expected to close within the first quarter of 2017. The transaction consideration was below CHF 10 million and is expected to have a negative impact of 0.1% on the Group’s CET1 ratio as at closing.
  • 7 February 2017: TPF closes private offering and bank financing

    Transports publics fribourgeois Trafic (TPF TRAFIC) SA closed the financing of its maintenance and exploitation centre in the canton of Fribourg. The financing was partly made through a CHF 40 mio. private placement, a CHF 32 mio. secured bank loan and a CHF 55 mio. unsecured bank loan.
  • 3 February 2017: Migros acquires Tipesca

    The Migros Group, through Mérat & Cie. SA, has acquired Tipesca SA, a company incorporated in the canton of Tessin. Tipesca offers a wide range of fish products.
  • 24 January 2017: Sharp Corporation and Skytec Group Limited enter into strategic business alliance

    Japan-based Sharp Corporation, part of Taiwan’s Foxconn Group, enters into a strategic business alliance with Skytec Group Limited (“Skytec”) regarding the manufacture and sale of Sharp branded products and services in Europe. For that purpose, Sharp acquires a majority stake of 56.7% in the newly incorporated joint venture Skytec UMC Ltd.
  • 25 January 2017: Zug Estates CHF 100 mio. Bond

    Zug Estates Holding AG (SIX: ZUGN) has successfully issued its first CHF 100 mio. fixed-interest bond with a 0.7% coupon and a 5-year maturity.