The Legal 500

Wenger & Vieli

DUFOURSTRASSE 56, 8008 ZÜRICH, SWITZERLAND
Tel:
Work +41 58 958 58 58
Fax:
Fax +41 58 958 59 59
Email:
Web:
www.wengervieli.ch
Zurich, Zug

Switzerland

Capital markets
Capital markets - ranked: tier 2

Wenger & Vieli

Wenger & Vieli’s ‘very good and impressively fast’ team is particularly recommended for ECM work, but also handles a significant amount of DCM mandates. Recent highlights include assisting Peach Property with its public bond issuance in Switzerland and bond repurchase in Germany. Practice head Wolfgang Zürcher is recommended along with the ‘knowledgeableChristoph Schmid and the ‘very professionalBeat Speck.

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

Wenger & Vieli

Wenger & Vieli’s ‘very quick, professional and knowledgeable’ team is particularly known for private equity and venture capital transactions. It recently assisted Naspers with the sale of Ricardo Group, where Tamedia was the successful bidder, and advised the owners of Trüb on its divestment to Gemalto. The ‘exceptionally professionalBeat Speck, the ‘knowledgeableChristoph Schmid and the ‘client-focusedPascal Honold are recommended.

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Competition
Competition - ranked: tier 3

Wenger & Vieli

Wenger & Vieli recently advised Naspers on merger control issues concerning the sale of Ricardo Group. It is also known for its advice on distribution systems, particularly in the pharmaceuticals industry. Urs Weber-Stecher heads the practice.

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German-speaking Switzerland: leading firms
German-speaking Switzerland: leading firms - ranked: tier 3

Wenger & Vieli

Wenger & Vieli provides ‘a high level of competency and accuracy’. Martin Hess is a ‘very talented and pragmatic’ banking and finance adviser. Wolfgang Zürcher and Christoph Schmid are experts in capital markets as well as corporate and M&A work.

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

Wenger & Vieli

Wenger & Vieli continues to represent several creditors of Lehman Brothers in the insolvency proceedings and is acting as liquidator in the composition proceedings of Helvetia Wealth. Georg Zondler and Martin Hess are the names to note.

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Tax
Tax - ranked: tier 4

Wenger & Vieli

Wenger & Vieli recently advised Geberit on tax issues regarding the acquisition of the Sanitec Group. Stephan Hürlimann heads the practice.

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Switzerland: Banking and finance

Zurich
Banking and finance: Zurich - ranked: tier 3

Wenger & Vieli

Wenger & Vieli provides ‘a high level of competency and accuracy’ in ‘a very efficient way’. Recent work includes the provision of a legal opinion for the European Central Bank regarding the Swiss Central Securities Depository joining T2S. The firm also has been advising various Swiss banks on the US disclosure programme. Martin Hess and Andreas Hünerwadel are ‘very talented and pragmatic’.

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Switzerland: Dispute resolution

Arbitration
Dispute resolution: arbitration - ranked: tier 4

Wenger & Vieli

Wenger & Vieli has experience in commercial cases before international arbitration tribunals. The ‘very experienced and professionalUrs Weber-Stecher is recommended along with ‘extremely well organised’ of counsel Daniel Girsberger.

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Litigation
Dispute resolution: litigation - ranked: tier 3

Wenger & Vieli

Wenger & Vieli’s ‘strong team’ is especially expert in litigation in the financial services and insurance sectors. Practice head Michael Huber is recommended along with Marco Cereghetti, who shows ‘excellent tactical and great analytical skills’.

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Legal Developments by:
Wenger & Vieli

  • Swiss Capital Contribution Principle

    As per 1 January 2011 a new regulation in the Swiss tax law concerning the tax treatment of the repayment of capital contributions enters into force. According to the new rules the repayment of capital contributions is exempt from Swiss income tax (if the shares are owned as private means) and Swiss withholding tax.
    - Wenger & Vieli

Legal Developments in Switzerland

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 24 May 2016: Groupe SEB acquires WMF Group from KKR

    Listed Groupe SEB acquires WMF Group. The closing of the transaction is subject to merger control clearance. Groupe SEB will pay 1,020 million EUR in cash for the WMF Group and assume net debt in an amount of 565 million EUR. In addition, SEB takes over 125 million EUR of early retirement and pension liabilities.
  • May 2016: AMAG Leasing: Second Auto Lease CHF 515m ABS Transaction (Dual Tranche 2016-/2016-2)

    On 4 May 2016, AMAG Leasing AG closed its second auto lease securitization transaction. The transaction was structured as a dual trance transaction involving the issuance of notes with various terms, issued by two separate SPVs. Swiss Car ABS 2016-1 AG (the 2016-1 Issuer) issued CHF 200,000,000 0.15 percent Asset-Backed Class A Notes due 2026 (2y soft bullet) and CHF 15,000,000 1.125 percent Asset-Backed Class B Notes due 2026 (2y soft bullet) and Swiss Car ABS 2016-2 AG (the 2016-2 Issuer) issued CHF 300,000,000 0.30 percent Asset-Backed Class A Notes due 2026 (4y soft bullet). The Notes issued are listed on the SIX Swiss Exchange and are each backed by a portfolio of auto lease assets originated by AMAG Leasing AG and transferred to the Issuers. The Class Notes are rated "AAAsf" by Fitch and "Aaa(sf)" by Moody’s and the Class B Notes are rated «AA+sf» by Fitch and «A1(sf)» by Moody’s. UBS Investment Bank acted as Lead Manager, Sole Bookrunner and Co-Arranger, Credit Suisse and Zürcher Kantonalbank acted as Senior Co-Manager and StormHarbour acted as Co-Arrangers and Co-Manager (Class B Notes) on this transaction.
  • 27 April 2016: Greatbatch/INTEGER

    Following completion of the acquisition of the Lake Region Medical groupe by Greatbatch, Inc. and the renaming of Lake Region Medical into INTEGER, Greatbatch contributed in multiple capital increases own shares to Swiss-based P Medical Holding AG/INTEGER (Switzerland) GmbH, which were swapped against shares in the Irish-based Lake Region Medical Holdings Limited. The transaction was completed by a down-stream merger of P Medical Holding AG into its subsidiary INTEGER (Switzerland) GmbH.
  • April 2016: Mövenpick invests in imported wine wholesaler Cheers in China

    Hospitality and food service industry company Mövenpick invests in Chinese wine wholesaler Cheers by acquiring a strategic stake. Cheers has 30 branch offices in the greater Beijing area and currently generates annual revenues of roughly three million Swiss francs. Mövenpick is a Swiss group of companies with global presence. Its core competency lies in the hospitality business, with a focus on gastronomy, hotels, wine and premium branded products.
  • 22 March 2016: Swiss Life - CHF 600 mio. Hybrid Bonds

    Swiss Life Ltd has successfully placed a CHF 450 million undated subordinated bond, first callable in September 2021 (coupon until first call date: 3.75%) and a CHF 150 million dated subordinated bond with final maturity in 2046, first callable in September 2026 (coupon until first call date: 4.375%).
  • 23 March 2016: J. Safra Sarasin Holding AG to acquire Credit Suisse (Monaco) S.A.M. and Credit Suiss

    Mit Aktienkaufvertrag vom 22. März 2016 erwarb die J. Safra Sarasin Holding AG von der Credit Suisse AG alle Aktien der Credit Suisse (Monaco) S.A.M. Der Vollzug der Transaktion steht unter dem Vorbehalt üblicher Bedingungen, einschliesslich der Zustimmung der Behörden. Der Vollzug der Transaktion soll noch vor Ende 2016 erfolgen. Mit der Transaktion würde eine der grössten Bankengruppe in Monaco entstehen.
  • 28 January 2016: New partner at Walder Wyss

    We are delighted to announce that Theodor Härtsch has joined Walder Wyss as new partner on 21 January 2016.
  • 11 February 2016: Oriflame: Cross-border asset transfer completed

    In a cross-border transfer Oriflame Cosmetics Global S.A., Luxembourg has transferred certain assets to Oriflame Cosmetics AG.
  • 11 March 2016: Joint Venture Wilmaa & Teleboy

    The two Swiss web TV platforms Teleboy and Wilmaa entered into a joint venture arrangement. The joint venture's purpose is to coordinate the marketing activities of Teleboy and Wilmaa through a jointly held service company. Each of the joint venture partners has a 50% stake in the service company.
  • The Revised Swiss Debt Restructuring Law

    Background of the Reform