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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

Lenz & Staehelin provides ‘excellent advice’ on DCM and ECM matters. The team recently assisted Eli Lilly with several bond issuances totalling CHF1.2bn, acted for Amgen on the issuance of bonds worth CHF700m, and advised Edmond de Rothschild Real Estate SICAV on a CHF80m capital increase. Recommended lawyers include the ‘very knowledgeablePatrick Schleiffer and Hans-Jakob Diem in Zurich as well as the ‘very experiencedFrançois Rayroux and Jacques Iffland in Geneva.

Leading individuals

François Rayroux - Lenz & Staehelin

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

Lenz & Staehelin

The ‘highly skilled and professional’ team at Lenz & Staehelin is ‘a pleasure to work with’. It advised Sika on its defence against an unsolicited CHF10bn takeover approach by Saint-Gobain, assisted HNA Group with the CHF2.7bn acquisition of Swissport Group, and advised Banco BTG Pactual on the sale of BSI to EFG International. Recommended lawyers include the ‘very thoughtful and pragmaticRudolf Tschäni, ‘great problem-solverHans-Jakob Diem, the ‘very experiencedAndreas Rötheli, the ‘highly dedicatedTino Gaberthüel and Stephan Erni, who is ‘a great negotiator’.

Leading individuals

Rudolf Tschäni - Lenz & Staehelin

Next generation lawyers

Stephan Erni - Lenz & Staehelin

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Competition
Competition - ranked: tier 1

Lenz & Staehelin

A market leader in competition law’, Lenz & Staehelin’s team has been assisting CT Cinetrade with a Competition Commission investigation regarding alleged abuse of dominance in the pay-TV market for sports content. It also represented Colgate-Palmolive in a prominent case concerning parallel imports before the Swiss Federal Supreme Court. The ‘brilliantMarcel Meinhardt, Benoît Merkt and counsel Felix Prümmer are recommended.

Leading individuals

Benoît Merkt - Lenz & Staehelin

Marcel Meinhardt - Lenz & Staehelin

Next generation lawyers

Felix Prümmer - Lenz & Staehelin

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Employment
Employment - ranked: tier 1

Lenz & Staehelin

The ‘excellent’ team at Lenz & Staehelin is particularly recommended for handling employment matters related to corporate restructurings. It has been assisting Eli Lilly with the integration of the Novartis animal health business, which involved handling the mass dismissal of employees at the Elanco Centre de Recherche Santé Animale. Matthias Oertle and Rayan Houdrouge are recommended.

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

Lenz & Staehelin

Lenz & Staehelin is particularly known for fielding ‘outstanding experts’ in banking, financing and investment fund matters. The ‘highly regardedShelby du Pasquier heads the banking and finance practice, while the ‘outstandingFrançois Rayroux leads the investment management team. Other recommended lawyers include Andreas Rötheli, for corporate and M&A matters and Benoît Merkt, for competition law.

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

Lenz & Staehelin

Lenz & Staehelin attracts praise for its ‘first-class service’. The firm, which has strong capabilities in the German and French-speaking parts of Switzerland, fields numerous leading lawyers in its Zurich office. Marcel Meinhardt is a ‘brilliant’ competition expert, Harold Frey is recommended for dispute resolution, Rudolf Tschäni stands out for corporate and M&A matters, Patrick Hünerwadel handles banking work, and Thierry Calame is a key figure for intellectual property.

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

Lenz & Staehelin

At Lenz & Staehelin, Thierry Calame provides ‘thoughtful and practical advice’ on pharma patent issues and also has expertise in drug advertising law, while Stephan Erni is noted for his ‘efficient and hands-on approach’ to commercial and corporate matters concerning the life sciences industry. Clients include Pfizer and MSD.

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Insolvency and corporate recovery
Insolvency and corporate recovery - ranked: tier 2

Lenz & Staehelin

Lenz & Staehelin’s practice assisted Valartis Group with its restructuring under the protection of an initially non-public composition moratorium, and continues to advise creditors on enforcing their rights against insolvent Petroplus. Tanja Luginbühl and Roland Fischer are recommended.

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Intellectual property
Intellectual property - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin’s broad-based practice provides ‘excellent’ service. Highly regarded trade mark expert Jürg Simon has niche expertise in geographical indications (GI) and continues to represent Emmentaler Switzerland in GI disputes. Patent expert Thierry Calame has been handling several disputes for life sciences companies. Other clients include MSD and Pfizer.

Leading individuals

Jürg Simon - Lenz & Staehelin

Thierry Calame - Lenz & Staehelin

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Private client
Private client - ranked: tier 1

Lenz & Staehelin

The ‘excellent’ team at Lenz & Staehelin assists high-net-worth individuals and families with wealth and estate planning, including tax planning and the establishment of trusts and foundations. The team includes Swiss and foreign qualified lawyers. Mark Barmes, Stefan Breitenstein and Lucien Masmejan are recommended.

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Public law
Public law - ranked: tier 2

Lenz & Staehelin

Lenz & Staehelin’s ‘excellent’ team has been defending Swiss Post in appeal proceedings initiated by publishing houses regarding the fees for newspaper delivery. It is also assisting ICA Traffic with SBB’s challenge to a public procurement procedure concerning ticketing machines. Marcel Meinhardt and Astrid Waser are recommended.

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

Lenz & Staehelin

Lenz & Staehelin’s ‘excellent’ team has been assisting Z Capital Partners with the acquisition of the hotel Waldhaus Flims in Graubünden and advised Ritz-Carlton on its agreement with the Manz family to take over the management of the Hotel de la Paix in Geneva. Beat Kühni, Cécile Berger Meyer and Andreas Rötheli are recommended.

Leading individuals

Andreas Rötheli - Lenz & Staehelin

Beat Kühni - Lenz & Staehelin

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TMT
TMT - ranked: tier 2

Lenz & Staehelin

Lenz & Staehelin’s ‘highly responsive and flexible’ team advised Zimmer Group on its outsourcing of finance and accounting operations to Genpact, and assisted JP Morgan with obtaining ICT services from Swisscom. Lukas Morscher is a ‘great negotiator’ and Guy Vermeil has ‘cutting-edge technical knowledge’.

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Tax
Tax - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin has ‘one of the best tax practices in Switzerland’, and is particularly strong in transactional matters and tax litigation. The firm successfully represented Agilent in a tax dispute concerning interest for a delayed withholding tax payment. Key figures include the ‘exceptionally creativeJean-Blaise Eckert, the ‘solution-orientedDaniel Schafer, Pascal Hinny and Heini Rüdisühli.

Leading individuals

Jean-Blaise Eckert - Lenz & Staehelin

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Switzerland: Banking and finance

Geneva
Banking and finance: Geneva - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin’s Geneva-based team of ‘outstanding experts’ handles the full range of banking regulatory, financing and investment fund matters. Recent highlights include assisting Union Bancaire Privée with the purchase of Coutts’s international business from RBS and acting for Israel Discount Bank on the sale of its Swiss business to Hyposwiss Private Bank. The team also assisted several investment funds with obtaining authorisation from the Swiss Financial Market Supervisory Authority (FINMA). The ‘highly regardedShelby du Pasquier heads the banking and finance practice, while the ‘outstandingFrançois Rayroux leads the investment management team. Olivier Stahler and Fedor Poskriakov are also recommended.

Leading individuals

Olivier Stahler - Lenz & Staehelin

Shelby du Pasquier - Lenz & Staehelin

Next generation lawyers

Fedor Poskriakov - Lenz & Staehelin

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Zurich
Banking and finance: Zurich - ranked: tier 1

Lenz & Staehelin

Lenz & Staehelin’s ‘excellent team’ is renowned for its regulatory expertise and for its track record in financings. Recent work includes advising VTG as borrower on a €1.2bn refinancing, acting for the lenders on $8bn of revolving credit facilities provided to Glencore, and advising the International Swaps and Derivatives Association (ISDA) on Swiss regulatory issues. Practice head Patrick Hünerwadel, Stefan Breitenstein, Marcel Tranchet and Patrick Schleiffer are all recommended.

Leading individuals

Patrick Hünerwadel - Lenz & Staehelin

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Switzerland: Dispute resolution

Arbitration
Dispute resolution: arbitration - ranked: tier 2

Lenz & Staehelin

Lenz & Staehelin’s ‘excellent’ commercial arbitration practice recently represented Hidroelectrica in an UNCITRAL arbitration regarding the supply of electricity. It also acted for a well-known luxury brands group in an ICC arbitration regarding the distribution and franchise of a brand in India. Harold Frey, Xavier Favre-Bulle and Martin Burkhardt are recommended.

Leading individuals

Harold Frey - Lenz & Staehelin

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Litigation
Dispute resolution: litigation - ranked: tier 1

Lenz & Staehelin

The ‘excellent’ practice at Lenz & Staehelin has particular expertise in banking litigation and corporate disputes. It continued to represent the board of directors of the chemicals company Sika in the prominent litigation regarding the Burkard family’s sale of its majority stake to Saint-Gobain. Martin Burkhardt has ‘an outstanding analytical mind’ and is recommended along with Harold Frey, Daniel Tunik, and Miguel Oural.

Leading individuals

Harold Frey - Lenz & Staehelin

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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.