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 AG

  • 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
  • Cowen Acquires Quarton Group

    Cowen Inc., a NASDAQ listed, diversified financial services firm, agreed to acquire the Quarton group, a global financial advisor serving the middle market. Closing is expected in early 2019.
  • Bär & Karrer Advises the Banking Syndicate in the Rights Offering of ARYZTA

    On 19 November 2018, ARYZTA, a global food business with a leadership position in speciality bakery, completed a capital increase by way of a rights offering structured as a volume underwriting in the amount of approximately CHF 900 million. 97.4% of the shareholders of ARYZTA exercised their subscription rights in the rights offering. The new shares not subscribed were placed in the market.
  • Bär & Karrer Advises the Sellers on the Sale of Briner Winterthur

    The owners of Briner AG Winterthur sold the company. Briner is a leading family-owned trading and service company operating in the fields of construction services, steel services, supply systems and building services as well as heating and energy systems.
  • Bär & Karrer Advised GfK on the Sale of Four Divisions

    GfK has sold four global divisions (Customer Experience, Experience Innovation, Health and Public Affairs) to Ipsos. The sale included GfK's respective businesses in 25 countries.
  • Derivatives Trading under FMIA: Reporting Obligations

    On 14 September 2018, the Federal Council extended the transition period for the reporting of derivative transactions by small non-financial counterparties (NFC-) until 1 January 2024 under the Financial Market Infrastructure Act (FMIA). The amendment to the Financial Market...
  • Swiss Tax Reform Package Approved: Update and Outlook

    The Swiss National Council approves the proposed tax reform package! On 12 September 2018 the larger chamber of parliament adopted the proposal of the Economic Affairs and Taxation Committee of the Council of States on the Federal Act on Tax Reform and AHV Financing (formerly Tax Proposal 17), which is largely in line with the legislative bill adopted by the Council of States, the smaller chamber of parliament. Although slight differences regarding the capital contribution principle remain to be settled, the majority of member of the National Council sees the adopted text of the bill as a viable compromise.
  • Retrocessions: Criminal Consequences of Non Disclosure

    In a recent decision 6B_689/2016 of 14 August 2018, the Swiss Federal Supreme Court held that the failure to disclose adequately retrocessions may constitute an act of criminal mismanagement. After a short summary of the legal framework governing the disclosure of retrocessions, the present briefing analyses this decision and its practical impact in particular for Swiss financial institutions dealing with external asset managers.
  • Bär & Karrer Advises Waterland on its Investment in Tineo

    Waterland Private Equity invested in Tineo AG after the carve-out from Quickline Holding AG. Tineo is an integrated enterprise solution provider of data centres, glass-fiber connections, high-speed internet and VoIP services with state-of-the-art infrastructure
  • Bär & Karrer Elects Ruth Bloch-Riemer, Daniel Raun and Philippe Seiler to Partner

    Bär & Karrer has announced the election of Ruth Bloch-Riemer, Daniel Raun and Philippe Seiler to the firm's partnership. The appointment is effective as of 1 January 2019.
  • Bär & Karrer Advises Swiss Prime Site on its Rights Offering

    On 28 September 2018, Swiss Prime Site, the largest publicly listed real estate investment company in Switzerland, completed a capital increase by way of a rights offering to its shareholders in the amount of approximately CHF 320 million. 97,7% of the shareholders of Swiss Prime Site exercised their subscription rights in the rights offering. The remaining new shares not subscribed were placed in the market. The offer price was set at CHF 74.00 per share. Credit Suisse and UBS Investment acted as Joint Global Coordinators, J.P. Morgan and Zürcher Kantonalbank acted as Joint Bookrunners.