The Legal 500

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Switzerland

Capital markets
Capital markets - ranked: tier 1

Niederer Kraft Frey

Niederer Kraft Frey has ‘considerable experience’ in bond issuances, including ABS transactions, and offers an ‘excellent value-for-money ratio’. Apart from a specialisation in cross-border transactions, the team is also known for its expertise in IPOs and recently assisted Landis+Gyr with its CHF2.3bn IPO. The group also advised Glencore on an EMTN update and a 144A guaranteed-notes offering with a combined value of $21bn. Philippe Weber, Daniel Bono and Christoph Balsiger and the ‘adaptable and thoughtful’ Marco Häusermann are recommended. Till Spillmann joined from Bär & Karrer Ltd..

Leading individuals

Philipp Haas - Niederer Kraft Frey

Philippe Weber - Niederer Kraft Frey

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Niederer Kraft Frey

Niederer Kraft Freyimpresses with handling fast-moving and complex transactions in a responsive and qualitative manner’, especially in the banking, TMT and life science industries. Recent transactional highlights include advising Actelion on Johnson & Johnson’s $30bn all-cash tender offer and assisting Boston Scientific Corporation with the $435m cross-border acquisition of Symetis; the team also assists with corporate restructurings. Patrik Peyer, who ‘translates complex solutions into simple structures’, and the ‘excellentPhilipp Haas are both recommended, as is senior associate Moritz Maurer, who joined from Pestalozzi in January 2017. The ‘responsive and deeply knowledgeable’ Till Spillmann joined from Bär & Karrer Ltd..

Leading individuals

Peter Isler - Niederer Kraft Frey

Philipp Haas - Niederer Kraft Frey

Next generation lawyers

Patrik Peyer - Niederer Kraft Frey

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Competition
Competition - ranked: tier 2

Niederer Kraft Frey

Responsive’ firm Niederer Kraft Frey delivers ‘comprehensive advice’ and ‘has a constant focus on client strategy and objectives’; clients also appreciate the ‘extensive experience in antitrust matters and the firm’s access to authorities’. The group is advising Birchmeier Hoch- und Tiefbau on a commission investigation and a related leniency application. FIFA is another key client. ‘Terrific team player’ Nicolas Birkhäuser heads the practice, which also includes Thomas Frick.

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Employment
Employment - ranked: tier 1

Niederer Kraft Frey

Niederer Kraft Frey‘s ‘friendly and understated team’ provides ‘very professional advice and delivers 100% value for money in a timely fashion’ to clients such as the Ludwig Institute for Cancer Research. Particular areas of expertise include compensation matters, transaction-related advice, disputes, employee transfer, social security and pension issues, data protection and employee rights, as well as specialist topics such as working time recording, temporary staffing and internal investigations. Clients appreciate the ‘well thought-out, measured advice’ of ‘smart and fast first-class employment lawyerCatherine Grun Meyer and further recommend Valerie Meyer Bahar, Thomas Frick, as well as ‘sharp-witted, analytical and tactically brilliant’ associate Daniel Antognini and ‘professional’ associate Livia Keller. Andreas Casutt and Thomas Sprecher lead the practice.

Next generation lawyers

Catherine Grun Meyer - Niederer Kraft Frey

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

Niederer Kraft Frey

Niederer Kraft Frey focuses on restructuring and recovering measures and represents creditors, liquidators, companies and banks in proceedings as well as in related contentious matters. Particular expertise exists regarding the Financial Market Infrastructure Act, banking insolvency regulation and regulatory enforcement proceedings. The team advised Valartis Group on several insolvency and bankruptcy matters following its moratorium, especially with regards to the enforcement of financing and security arrangements. Leclanché, Bundesverband Deutscher Banken and the Association for Financial Markets in Europe also receive legal services from the practice. Thomas Sprecher, Marco Häusermann and Bertrand Schott are the key advisers.

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Intellectual property
Intellectual property - ranked: tier 2

Niederer Kraft Frey

Niederer Kraft Frey‘s ‘small, but strong and growing practice’ is ‘highly effective at delivering results for clients’ and has ‘considerable experience in the life sciences sector’. The group regularly assists with trade mark, design and domain name registration and administration, as well as with IP dispute settlement and unfair competition matters. The recent caseload includes advising FIFA on IP aspects of broadcasting sponsorship agreements and product licences and assisting Procter & Gamble with IP and advertising issues. The ‘highly intelligent, dedicated and focused’ Nicholas Birkhäuser is a ‘pleasure to work with’. Clara-Ann Gordon is the second key partner.

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Leading firms: German-speaking Switzerland
Leading firms: German-speaking Switzerland - ranked: tier 1

Niederer Kraft Frey

As ‘one of the best law firms in Zurich’, Niederer Kraft Frey is well regarded for its capital markets, M&A, dispute resolution and tax practice and has a particular strong standing in the TMT and real estate sector. Philippe Weber, Philipp Haas, Daniel Eisele, Andreas Vögeli, András Gurovits, Thomas Graf, Tamir Livschitz and Catherine Grun Meyer are the names to note.

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Private client
Private client - ranked: tier 4

Niederer Kraft Frey

Competent and professional’ firm Niederer Kraft Frey is ‘easy to work with’ and delivers ‘efficient, helpful, timely solutions which cover all the bases’. The practice combines estate planning, matrimonial property law, divorce law and philanthropy expertise with longstanding experience in tax matters and is thereby particularly noted for its’strongly business-oriented outlook’. Key figures are ‘reliable and pragmatic tax expert’ Thomas Graf and the ‘talented, practical and thoroughCatherine Grun Meyer, who ‘always asks the right questions’ and is ‘effective in driving projects forward’. Thomas Sprecher is ‘very experienced in advising on foundations’.

Next generation lawyers

Catherine Grun Meyer - Niederer Kraft Frey

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Real estate and construction
Real estate and construction - ranked: tier 1

Niederer Kraft Frey

Niederer Kraft Freyprovides a maximum of professionalism’, is ‘very responsive and highly committed’ and ‘offers incredible advice throughout the complete lifecycle of a property’. A particular focus lies on cross-border transactions in the hotel and leisure industry and in a recent contentious highlight, the group represented Eichhof Immobilien in an appeal proceeding concerning the development of a former industrial site in Lausanne. AXA Investment Managers, Schroders Asset Manager and RUAG Real Estate are key clients. ‘Good negotiator and tactician’ Andreas Vögeli has ‘tremendous real estate knowledge, can identify the critical issues and is very focused on the client’s needs’, while Sandro Abegglen has ‘comprehensive expertise and business acumen in relation to collective investment schemes regulation’. Also recommended is the ‘trustful’ associate Daniel Antognini.

Leading individuals

Andreas Vögeli - Niederer Kraft Frey

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Sports law
Sports law - ranked: tier 1

Niederer Kraft Frey

Niederer Kraft Freyhas a top sports litigation team that knows how to handle difficult, complex cases of international dimensions and provides advice in an efficient manner’, including on arbitration and white-collar crime matters. Recent highlights include advising Berlinger & Co. on regulatory and contractual aspects of its cooperation with the International Olympic Committee concerning doping investigations of Russian athletets. FIFA and the International Ice Hockey Federation are other key clients. András Gurovits is ‘competent, reactive and accurate’ and Daniel Eisele and Tamir Livschitz are both ‘experienced litigators’.

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TMT
TMT - ranked: tier 2

Niederer Kraft Frey

Niederer Kraft Frey focuses on telecoms and IT transactions, regulatory and contractual advice, as well as IT procurement, licensing, outsourcing and cyber security; other areas of expertise include sports media rights and related dispute resolution. The team advised Actelion on data protection issues and is frequently assisting FIFA with media rights agreements, television contracts, IP, sponsorship and marketing aspects. András Gurovits and data protection lawyer Clara-Ann Gordon are the main contacts.

Leading individuals

András Gurovits - Niederer Kraft Frey

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Tax
Tax - ranked: tier 1

Niederer Kraft Frey

Niederer Kraft Frey impresses with its ‘accurate, precise and to-the-point service’ and ‘high responsiveness’. The group exhibits particular tax expertise with regards to capital market products and financing transactions, while other core areas include corporate reorganisations, M&A, collective investment schemes, cross-border and private-equity transactions, as well as authority negotiations and contentious tax issues. In recent highlights, the team advised Actelion on tax aspects of the all-cash tender acquisition by Johnson & Johnson and assisted Trend International with the sale and subsequent re-investment of capital stock in Gotha Cosmetics to an SPV held by Capvis Equity. The ‘well preparedMarkus Kronauer is recommended. Thomas Graf leads the practice.

Leading individuals

Thomas Graf - Niederer Kraft Frey

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Switzerland: Banking and finance

Zurich
Banking and finance: Zurich - ranked: tier 1

Niederer Kraft Frey

Niederer Kraft Frey provides ‘regulatory and contractual services that are professional in every sense’. The practice also supports clients in contentious banking matters and advises on fintech as well as financing transactions. In a recent highlight, Philippe Weber assisted EFG International with transaction financing and regulatory issues related to its acquisition of private bank BSI from BTG Pactual and Marco Häusermann advised Thomson Reuters on a $2.64bn credit agreement with a number of international banks. ‘Outstanding, diligent and pro-active’ practice heads Sandro Abegglen and François Bianchi as well as associate Martin Schaub are recommended.

Leading individuals

Sandro Abegglen - Niederer Kraft Frey

Next generation lawyers

Bertrand Schott - Niederer Kraft Frey

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Switzerland: Dispute resolution

Arbitration
Dispute resolution: arbitration - ranked: tier 2

Niederer Kraft Frey

Niederer Kraft Frey‘s ‘well-tested and competent’ team provides ‘excellent knowledge in arbitration matters, cross-border expertise and responsiveness that is second to none’. It focuses on commercial, banking, M&A and sports arbitration. The key partners are the ‘broadly experienced and very effective’ Ernst Schmid, cross-border arbitration expert Peter Honegger, ‘outstanding strategistDaniel Eisele and the ‘internationally mindedTamir Livschitz, who also possesses ‘remarkable advocacy skills’.

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Litigation
Dispute resolution: litigation - ranked: tier 1

Niederer Kraft Frey

Well-positioned in the market’, Niederer Kraft Frey’s ‘dedicated lawyers are easy to work with, cooperate efficiently’ and make ‘excellent use of internal resources outside of their specific department’. The team acts for banks, car manufacturers, sports organisations, insurers, construction companies and fashion retailers and 2017 highlights included the representation of UBS in a high-value, international dispute with the Riva family concerning the management of the latter’s assets. In other work, the group represented BMW in proceedings regarding the client´s CHF 156m vertical restrictions fine imposed by the Swiss Competition Commission. The ‘pragmatic and tacticalDaniel Eisele is recommended together with the ‘highly capableTamir Livschitz. Valerie Meyer Bahar is ‘extremely responsive and provides actionable advice’ and on associate level, the ‘talented’ Anja Vogt and Livia Keller stand out.

Leading individuals

Daniel Eisele - Niederer Kraft Frey

Next generation lawyers

Tamir Livschitz - Niederer Kraft Frey

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Legal Developments by:
Niederer Kraft Frey

  • Grenzüberschreitende Finanzdienstleistungen

    Der Finanzbereich ist auch in der Schweiz einer der am stärksten regulierten Wirtschaftzweige. Sich darin zurechtzufinden ist nicht immer einfach. Nachfolgende Ausführungen sollen dazu einen Einstieg vermitteln. Sie zeigen, dass die Schweiz im Gegensatz zum Ausland und abgesehen vom Bereich der kollektiven Kapitalanlagen und der Versicherungsprodukte, was die Zulässigkeit von grenzüberschreitend angebotenen Finanzdienstleistungen anbelangt, ein sehr liberales Regime kennt.
    - Niederer Kraft & Frey

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.