The Legal 500

Lenz & Staehelin

AVENUE DU TRIBUNAL-FEDERAL 34, 1005 LAUSANNE, SWITZERLAND
Tel:
Work +41 58 450 70 00
Fax:
Fax +41 58 450 70 01
Email:
Web:
www.lenzstaehelin.com
Geneva, Lausanne, Zurich

Switzerland

Capital markets
Capital markets - ranked: tier 1

Lenz & Staehelin

The ‘very good’ practice at Lenz & Staehelin is jointly headed by the ‘knowledgeable and efficientPatrick Schleiffer in Zurich together with Geneva-based Jacques Iffland and François Rayroux. Recent work includes assisting Sunrise Communications with its IPO and advising a syndicate of banks, including Jefferies and Credit Suisse as global coordinators, on Cassiopea’s IPO on the SIX Swiss Exchange. The team also assisted Source Commodity Markets with the delisting of several exchange-traded commodity certificates.

Leading individuals

François Rayroux - Lenz & Staehelin

[back to top]

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

Lenz & Staehelin

Lenz & Staehelin’s ‘first-rate’ practice recently assisted Monsanto with the attempted takeover of Syngenta, advised Chubb during its acquisition by ACE and assisted Union Bancaire Privée with its purchase of Coutts from RBS. Zurich practice head Rudolf Tschäniblends deep legal expertise with wide business experience’ and Geneva practice head Andreas Rötheli has ‘an extraordinary ability to anticipate problems and propose adequate strategies’. The ‘very knowledgeable and personableTino Gaberthüel and Hans-Jakob Diem are also recommended.

Leading individuals

Rudolf Tschäni - Lenz & Staehelin

[back to top]

Competition
Competition - ranked: tier 1

Lenz & Staehelin

The ‘excellent’ team at Lenz & Staehelin successfully represented Pfizer in an appeal against a fine imposed by the Competition Commission for alleged vertical price fixing and has been representing the publishing houses Dargaud and Flammarion in an appeal against a fine regarding vertical agreements limiting parallel imports of French books. Benoît Merkt is recommended along with the ‘personable and knowledgeableMarcel Meinhardt.

Leading individuals

Benoît Merkt - Lenz & Staehelin

Marcel Meinhardt - Lenz & Staehelin

[back to top]

Employment
Employment - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin is well positioned to assist clients with cross-border matters through its membership of the Ius Laboris network. It recently advised D.E Master Blenders on employment matters regarding the acquisition of the coffee business of Mondelēz International and assisted Conforama with the closure of all Fly shops in Switzerland and related mass dismissal. Matthias Oertle and Rayan Houdrouge are recommended.

[back to top]

French-speaking Switzerland: leading firms
French-speaking Switzerland: leading firms - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin is especially known for its ‘outstanding’ banking and finance practice, where Shelby R. du Pasquier and Olivier Stahler are leading figures, and has many international and domestic banks among its clients. However, the firm is strong across many practice areas. Benoît Merkt is recommended for competition law, as is Andreas Rötheli for corporate and M&A work.

[back to top]

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

Lenz & Staehelin

Lenz & Staehelin is ‘a top choice’ in the German and French-speaking parts of Switzerland. The firm has numerous leading lawyers in its Zurich office. Marcel Meinhardt is an ‘excellent’ competition expert, Rudolf Tschäni is recommended for corporate work, as is Patrick Hünerwadel for banking, and Thierry Calame has a longstanding reputation for intellectual property matters.

[back to top]

Healthcare and life sciences
Healthcare and life sciences - ranked: tier 2

Lenz & Staehelin

Lenz & Staehelin recently assisted Pfizer with the acquisition of Redvax and represented several pharmaceuticals, biotech and medical devices companies in intellectual property disputes. Thierry Calame is recommended for IP matters and also provides regulatory advice. Stephan Erni is the key contact for corporate matters in the life sciences sector.

[back to top]

Insolvency and corporate recovery
Insolvency and corporate recovery - ranked: tier 1

Lenz & Staehelin

The ‘outstanding’ team at Lenz & Staehelin has been advising creditors on enforcing their rights against the insolvent Petroplus and Lehman Brothers Finance. It is also experienced in advising companies on restructuring processes, including negotiations with creditors. Tanja Luginbühl is recommended.

[back to top]

Intellectual property
Intellectual property - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin recently achieved two victories in geographical indication (GI) disputes, protecting the GI of Emmentaler Switzerland and acting for Pernod Ricard to nullify the GI Absinthe. It also handled several patent disputes for various life sciences companies. Other clients include Apple Inc, Tamedia, Abbott, the Swiss government and the Champagne producers association. Thierry Calame and Jürg Simon are recommended.

Leading individuals

Jürg Simon - Lenz & Staehelin

Thierry Calame - Lenz & Staehelin

[back to top]

Private client
Private client - ranked: tier 1

Lenz & Staehelin

The ‘top-notch’ firm Lenz & Staehelin is ‘extremely responsive and business-minded’ when advising clients on the use of trusts and foundations and international tax planning. The team includes a mix of Swiss and foreign lawyers. Mark Barmes, Stefan Breitenstein and Shelby R. du Pasquier are recommended.

[back to top]

Public law
Public law - ranked: tier 2

Lenz & Staehelin

Lenz & Staehelin is especially known for its regulatory expertise in the postal sector, where it frequently acts for Swiss Post. The practice also handles regulatory mandates in the energy and telecoms sectors, where ewz and Sunrise are clients, and assists with public procurement matters, where SAP is a client. Marcel Meinhardt is recommended.

[back to top]

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

Lenz & Staehelin

Lenz & Staehelin has a particularly strong market position for real estate matters in French-speaking Switzerland. It recently assisted Fondation pour les Terrains Industriels de Genève with a condominium real estate development. The ‘excellentCécile Berger Meyer and the ‘outstandingAndreas Rötheli are recommended in Geneva, as is Zurich-based Beat Kühni.

Leading individuals

Andreas Rötheli - Lenz & Staehelin

Beat Kühni - Lenz & Staehelin

[back to top]

TMT
TMT - ranked: tier 2

Lenz & Staehelin

Lenz & Staehelin has particular expertise in IT outsourcing projects and recently assisted Banque Internationale à Luxembourg with its outsourcing of operation, back office and administrative services. The team also has been advising mobile network operator VimpelCom on international roaming agreements. Practice head Lukas Morscher has ‘excellent analytical skills and strong business acumen’.

[back to top]

Tax
Tax - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin provides ‘excellent service’, especially with regard to tax planning of financial services matters, but it covers all aspects of tax planning, structuring and litigation. Clients include Credit Suisse, Rothschild, Bayer, Wal-Mart and Richemont. Jean-Blaise Eckert, Heini Rüdisühli and Pascal Hinny are recommended.

Leading individuals

Jean-Blaise Eckert - Lenz & Staehelin

[back to top]

Switzerland: Banking and finance

Geneva
Banking and finance: Geneva - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin has an ‘outstanding’ practice in Geneva that delivers ‘top-notch service’ across the full range of banking regulatory and financing matters. The team has been very busy assisting a large number of Swiss banks with regard to the US disclosure programme and other recent work includes obtaining authorisation from FINMA (the Swiss Financial Market Supervisory Authority) to allow BlackRock’s Swiss subsidiary to act as a fund management company and, similarly, for Edmond de Rothschild to act as an asset manager of collective investment schemes. Shelby R. du Pasquier heads the practice, in which Olivier Stahler and François Rayroux are also recommended.

Leading individuals

Olivier Stahler - Lenz & Staehelin

Shelby R. du Pasquier - Lenz & Staehelin

[back to top]

Zurich
Banking and finance: Zurich - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin’s ‘outstanding’ practice is recommended for banking regulatory work, as well as for financing matters. The firm recently advised Hirslanden Group on its CHF1.9bn refinancing and acted for the lenders in making available to Glencore revolving credit facilities totalling $15bn. Other clients include UBS, HSBC and Credit Suisse. The ‘very experiencedPatrick Hünerwadel heads the ‘very strong’ team, in which Stefan Breitenstein, Marcel Tranchet and Patrick Schleiffer are particularly recommended.

Leading individuals

Patrick Hünerwadel - Lenz & Staehelin

[back to top]

Switzerland: Dispute resolution

Arbitration
Dispute resolution: arbitration - ranked: tier 2

Lenz & Staehelin

The ‘very good’ team at Lenz & Staehelin has been handling disputes under a variety of arbitration institutions, including the ICC, Swiss Chambers of Commerce, the Court of Arbitration for Sport, and WIPO, as well as ad hoc arbitration. The ‘very reliable, proactive and preciseHarold Frey and the ‘remarkably professionalXavier Favre-Bulle are recommended.

Leading individuals

Harold Frey - Lenz & Staehelin

[back to top]

Litigation
Dispute resolution: litigation - ranked: tier 1

Lenz & Staehelin

The ‘very strong’ practice at Lenz & Staehelin has strong experience in banking litigation and M&A-related disputes. The team recently defended a Swiss bank against a funds-related claim and represented the board of directors of the chemicals company Sika in a dispute with the Burkard family regarding their intention to sell their majority stake to Saint-Gobain. Harold Frey, Martin Burkhardt, Daniel Tunik, Miguel Oural and Alex Wittmann are recommended.

Leading individuals

Harold Frey - Lenz & Staehelin

[back to top]


Legal Developments in Switzerland

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 23 June 2016: Castleton closes refinancing facility

    On 16 June 2016, Castleton Commodities International LLC (CCI), a global commodities merchant, closed the fifth amended and restated credit agreement between, among others, certain entities of CCI, as Borrowers and Guarantors, and BNP Paribas, as administrative agent and collateral agent.
  • 27 June 2016: Cembra Swiss Auto Lease ABS transaction 2016-1 listed on the SIX Swiss Exchange

    On 23 June 2016, Cembra Money Bank AG (Cembra) closed its fourth auto lease securitization transaction involving the issue by Swiss Auto Lease 2016-1 GmbH (the Issuer) of CHF 200,000,000 0.22 per cent. Asset-Backed Class A Notes due 2026 and CHF 22,600,000 0.40 per cent. Asset-Backed Class B Notes due 2026 to the Swiss capital market. The Notes issued are listed on the SIX Swiss Exchange and are backed by a portfolio of auto lease assets originated by Cembra and transferred to the Issuer.
  • 28 June 2016: Statkraft Ventures invests into Swiss Smart Grid Solution Company DEPsys

    Statkraft Ventures GmbH led a Series-A financing round with participation of VNT Management and One Creation. In this round the Swiss start-up DEPsys raised CHF 3 million in total.
  • 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.